Cabot (NYSE:CBT) Issues Quarterly Earnings Results

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

Cabot Stock Performance

CBT traded up $1.41 during trading on Thursday, hitting $74.41. The stock had a trading volume of 289,195 shares, compared to its average volume of 400,169. The company's 50-day moving average price is $80.45 and its 200 day moving average price is $91.79. The firm has a market capitalization of $4.03 billion, a P/E ratio of 9.88, a PEG ratio of 0.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.00. Cabot has a twelve month low of $71.64 and a twelve month high of $117.46.

Cabot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, May 30th. This is a positive change from Cabot's previous quarterly dividend of $0.43. Cabot's dividend payout ratio is 22.84%.

Wall Street Analysts Forecast Growth

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

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.