Media stories about Cabot (NYSE:CBT) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabot earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 45.8787302792705 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern’s analysis:
Shares of Cabot (NYSE:CBT) traded up $0.35 on Wednesday, reaching $63.75. 178,211 shares of the company were exchanged, compared to its average volume of 472,173. Cabot has a 12-month low of $50.21 and a 12-month high of $68.63. The company has a quick ratio of 1.02, a current ratio of 1.63 and a debt-to-equity ratio of 0.43. The company has a market cap of $3,906.21, a price-to-earnings ratio of 64.69, a PEG ratio of 1.55 and a beta of 1.25.
Cabot (NYSE:CBT) last issued its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.15. Cabot had a net margin of 2.30% and a return on equity of 15.01%. The company had revenue of $720.00 million during the quarter, compared to the consensus estimate of $653.54 million. During the same period in the prior year, the company earned $0.84 EPS. Cabot’s revenue was up 17.8% on a year-over-year basis. research analysts anticipate that Cabot will post 4.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, February 22nd. Cabot’s dividend payout ratio (DPR) is 128.57%.
Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Cabot from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $74.00 price target on shares of Cabot in a report on Friday, November 3rd. KeyCorp reiterated a “hold” rating on shares of Cabot in a research note on Wednesday, November 1st. SunTrust Banks upgraded shares of Cabot from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Northcoast Research set a $75.00 target price on shares of Cabot and gave the company a “buy” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Cabot currently has an average rating of “Buy” and an average target price of $72.33.
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Cabot Company Profile
Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.
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