Cabot Co. (NYSE:CBT) declared a quarterly dividend on Friday, January 8th, Zacks reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.35 per share by the specialty chemicals company on Friday, March 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, February 25th.
Cabot has raised its dividend by 12.5% over the last three years and has raised its dividend every year for the last 1 years. Cabot has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cabot to earn $3.81 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 36.7%.
CBT opened at $50.52 on Tuesday. The business's 50-day simple moving average is $47.52 and its 200 day simple moving average is $42.20. Cabot has a 52-week low of $20.00 and a 52-week high of $51.32. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.17 and a current ratio of 1.85. The firm has a market capitalization of $2.86 billion, a PE ratio of -11.92 and a beta of 1.60.
Cabot (NYSE:CBT) last announced its quarterly earnings data on Sunday, January 31st. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.30. Cabot had a positive return on equity of 11.67% and a negative net margin of 9.10%. On average, research analysts forecast that Cabot will post 3.36 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Cabot from a "sell" rating to a "hold" rating and set a $40.00 price target on the stock in a research report on Monday, November 2nd. UBS Group upped their price objective on Cabot from $47.00 to $49.00 and gave the company a "buy" rating in a report on Thursday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cabot from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Tuesday, November 17th. The Goldman Sachs Group raised their price target on shares of Cabot from $136.00 to $143.00 and gave the stock a "sell" rating in a research report on Monday, December 14th. Finally, Barclays lifted their price objective on shares of Cabot from $53.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus target price of $57.00.
Cabot Corporation operates as a specialty chemicals and performance materials company. It operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The company offers rubber grade carbon blacks 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.
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7 Stocks to Sell Before the New Year
We’re officially in the holiday season, which means it’s time to get our portfolios set for the new year. And for many investors, 2021 can’t get here fast enough. Don’t get me wrong. Overall, being invested in stocks has been a wise move. But it hasn’t been without its ups and downs. For investors to profit in this market, they have had to have conviction.
But having conviction also means knowing when it’s time to sell. One of the hardest things to do in life, as well as in investing, is to let go of an idea that simply isn’t working. There are a lot of story stocks out there. And while those stories may turn out to be more than fairy tales, in the long run, it doesn’t mean you have to pay tomorrow’s prices today.
Or, it could simply be a good time to take some profits. A new administration in Washington D.C. will bring a different, and most likely less favorable, tax policy regarding capital gains. It may be advantageous to take some of your gains now.
Whatever your motivation may be, we’ve put together a list of seven stocks that you should consider selling before the new year.
View the "7 Stocks to Sell Before the New Year".