Cabot (NYSE:CBT) Issues FY 2025 Earnings Guidance

Cabot (NYSE:CBT) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 7.400-7.800 for the period, compared to the consensus estimate of 7.640. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBT. JPMorgan Chase & Co. cut shares of Cabot from a “neutral” rating to an “underweight” rating and set a $105.00 price objective for the company. in a report on Monday, November 11th. Mizuho decreased their price target on Cabot from $122.00 to $110.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.00.

Cabot Stock Performance

CBT traded up $0.40 during trading on Wednesday, hitting $88.59. The stock had a trading volume of 121,806 shares, compared to its average volume of 360,865. The company has a current ratio of 2.08, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68. Cabot has a 12 month low of $71.77 and a 12 month high of $117.46. The company has a 50 day simple moving average of $94.83 and a 200-day simple moving average of $101.99. The firm has a market cap of $4.80 billion, a PE ratio of 13.14, a P/E/G ratio of 0.74 and a beta of 1.19.

Cabot (NYSE:CBT) last posted its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Cabot had a return on equity of 26.60% and a net margin of 9.51%. Analysts expect that Cabot will post 7.67 EPS for the current year.

Cabot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.94%. Cabot’s dividend payout ratio is 25.52%.

Cabot declared that its Board of Directors has initiated a share buyback program on Tuesday, December 3rd that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the specialty chemicals company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Cabot

In related news, CAO Lisa M. Dumont sold 865 shares of Cabot stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $111.74, for a total transaction of $96,655.10. Following the sale, the chief accounting officer now directly owns 9,742 shares of the company’s stock, valued at $1,088,571.08. This trade represents a 8.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Hobart Kalkstein sold 34,759 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $115.23, for a total value of $4,005,279.57. Following the completion of the transaction, the executive vice president now directly owns 50,627 shares of the company’s stock, valued at approximately $5,833,749.21. This trade represents a 40.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,190 shares of company stock worth $5,751,534 in the last ninety days. 3.03% of the stock is currently owned by insiders.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.