Cabot (NYSE:CBT) Updates FY 2025 Earnings Guidance

Key Points

• Cabot (NYSE:CBT) updated its FY 2025 earnings guidance, projecting earnings per share (EPS) between 7.150 and 7.500, slightly below the consensus estimate of 7.300.
• The company announced a quarterly dividend of $0.45 per share, resulting in an annualized dividend of $1.80 and a yield of 2.4%.
• Analyst price targets for Cabot have been adjusted, with UBS Group lowering their target price from $93.00 to $83.00 and maintaining a "neutral" rating.

Cabot (NYSE:CBT - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 7.150-7.500 for the period, compared to the consensus earnings per share estimate of 7.300. The company issued revenue guidance of -.

Cabot Stock Up 1.5%

Shares of CBT traded up $1.16 during trading hours on Friday, hitting $78.90. The company had a trading volume of 71,987 shares, compared to its average volume of 429,283. The firm has a fifty day moving average price of $75.91 and a 200-day moving average price of $79.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 2.13. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 10.32 and a beta of 0.87. Cabot has a 52-week low of $70.40 and a 52-week high of $117.46.

Cabot (NYSE:CBT - Get Free Report) last issued its earnings results on Monday, August 4th. The specialty chemicals company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.10. Cabot had a return on equity of 25.68% and a net margin of 11.14%. The business had revenue of $923.00 million during the quarter, compared to analyst estimates of $957.29 million. On average, equities research analysts forecast that Cabot will post 7.57 EPS for the current fiscal year.

Cabot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. Cabot's dividend payout ratio (DPR) is 23.53%.

Analysts Set New Price Targets

A number of research firms have issued reports on CBT. UBS Group set a $82.00 price target on Cabot and gave the company a "neutral" rating in a research note on Tuesday. Wall Street Zen lowered Cabot from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

Institutional Investors Weigh In On Cabot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBT. Acadian Asset Management LLC purchased a new position in Cabot during the first quarter valued at approximately $96,000. Geneos Wealth Management Inc. raised its holdings in shares of Cabot by 409.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company's stock valued at $38,000 after buying an additional 364 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Cabot by 3.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,022 shares of the specialty chemicals company's stock valued at $10,145,000 after buying an additional 4,048 shares during the period. Empowered Funds LLC raised its holdings in shares of Cabot by 102.6% in the 1st quarter. Empowered Funds LLC now owns 28,162 shares of the specialty chemicals company's stock valued at $2,341,000 after buying an additional 14,260 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Cabot by 32.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 442,646 shares of the specialty chemicals company's stock worth $36,802,000 after purchasing an additional 108,645 shares during the period. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

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.