Cabot (NYSE:CBT) Posts Earnings Results, Beats Estimates By $0.04 EPS

Cabot (NYSE:CBT - Get Free Report) released its quarterly earnings results on Monday. The specialty chemicals company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.04, Zacks reports. The firm had revenue of $936.00 million for the quarter, compared to analyst estimates of $1.02 billion. Cabot had a net margin of 10.60% and a return on equity of 26.79%. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. Cabot updated its FY 2025 guidance to 7.150-7.500 EPS.

Cabot Trading Down 0.5 %

Shares of CBT stock traded down $0.38 on Friday, reaching $73.93. 381,847 shares of the stock were exchanged, compared to its average volume of 402,680. The stock has a 50 day moving average price of $80.15 and a 200 day moving average price of $91.15. The stock has a market cap of $4.01 billion, a PE ratio of 9.82, a P/E/G ratio of 0.74 and a beta of 0.91. Cabot has a one year low of $71.64 and a one year high of $117.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29.

Cabot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.43%. This is a positive change from Cabot's previous quarterly dividend of $0.43. The ex-dividend date is Friday, May 30th. Cabot's dividend payout ratio (DPR) is presently 23.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded Cabot from a "buy" rating to a "hold" rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Cabot from $105.00 to $85.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Finally, UBS Group lowered their target price on Cabot from $93.00 to $83.00 and set a "neutral" rating for the company in a research note on Monday, April 7th.

About Cabot

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.