About Cabot Corporation (NYSE:CBT)
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. Its rubber blacks products are used in tires and industrial products. Performance Chemicals consists of two businesses: specialty carbons and formulations business, and metal oxides business. Purification Solutions' activated carbon products are used for the purification of water, air and pharmaceuticals, among others, as either a colorant or a decolorizing agent in the production of food and beverage applications. Its specialty fluids segment produces and markets cesium formate as a drilling and completion fluid for use in high pressure and high temperature oil and gas well construction.
Industry, Sector and Symbol:
- Industry: Specialty Chemicals
- Sub-Industry: Commodity Chemicals
- Sector: Basic Materials
- Symbol: NYSE:CBT
- CUSIP: 12705510
- Web: www.cabot-corp.com
- Debt-to-Equity Ratio: 0.41%
- Current Ratio: 1.70%
- Quick Ratio: 1.17%
Sales & Book Value:
- Trailing P/E Ratio: 17.67
- Forward P/E Ratio: 16.19
- P/E Growth: 1.6
- Annual Sales: $2.72 billion
- Price / Sales: 1.39
- Cash Flow: $6.04 per share
- Price / Cash: 10.13
- Book Value: $25.87 per share
- Price / Book: 2.37
- Annual Dividend: $1.26
- Dividend Yield: 2.1%
- Trailing EPS: $2.34
- Net Income: $241 million
- Net Margins: 8.87%
- Return on Equity: 15.11%
- Return on Assets: 6.96%
- Employees: 4,300
- Outstanding Shares: 61,880,000
Frequently Asked Questions for Cabot Corporation (NYSE:CBT)
What is Cabot Corporation's stock symbol?
Cabot Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBT."
How often does Cabot Corporation pay dividends? What is the dividend yield for Cabot Corporation?
Cabot Corporation declared a quarterly dividend on Friday, November 10th. Shareholders of record on Friday, November 24th will be given a dividend of $0.315 per share on Friday, December 8th. This represents a $1.26 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, November 22nd. View Cabot Corporation's Dividend History.
How were Cabot Corporation's earnings last quarter?
Cabot Corporation (NYSE:CBT) released its quarterly earnings results on Tuesday, October, 31st. The specialty chemicals company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.93 by $0.02. The specialty chemicals company earned $723 million during the quarter, compared to analysts' expectations of $683.30 million. Cabot Corporation had a net margin of 8.87% and a return on equity of 15.11%. Cabot Corporation's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. View Cabot Corporation's Earnings History.
When will Cabot Corporation make its next earnings announcement?
Where is Cabot Corporation's stock going? Where will Cabot Corporation's stock price be in 2017?
7 analysts have issued 12 month target prices for Cabot Corporation's stock. Their forecasts range from $56.00 to $74.00. On average, they anticipate Cabot Corporation's share price to reach $61.33 in the next year. View Analyst Ratings for Cabot Corporation.
Who are some of Cabot Corporation's key competitors?
Some companies that are related to Cabot Corporation include Huntsman Corporation (HUN), Orica Ltd (ORI), Johnson Matthey Plc (JMAT), Croda International plc (CRDA), Cytec Industries (CYT), W.R. Grace & Co. (GRA), Valvoline (VVV), Versum Materials (VSM), Kronos Worldwide (KRO), Sensient Technologies Corporation (SXT), Trinseo S.A. (TSE), Platform Specialty Products Corporation (PAH), Minerals Technologies (MTX), Victrex plc (VCT), Ferro Corporation (FOE), Stepan Company (SCL), Innospec (IOSP) and Synthomer PLC (SYNT).
Who are Cabot Corporation's key executives?
Cabot Corporation's management team includes the folowing people:
- Sean D. Keohane, President, Chief Executive Officer, Director (Age 49)
- Eduardo E. Cordeiro, Chief Financial Officer, Executive Vice President, President - Americas and Europe (Age 49)
- Brian A. Berube, Interim Chief Human Resource Officer, Senior Vice President, General Counsel (Age 54)
- Nicholas S. Cross, Executive Vice President, President - Performance Materials and Advanced Technologies (Age 55)
- Hobart C. Kalkstein, Senior Vice President and President - Reinforcement Materials Segment (Age 46)
- Friedrich von Gottberg, Senior Vice President, President of Purification Solutions (Age 48)
- John F. O'Brien, Non-Executive Independent Chairman of the Board (Age 74)
- Michael M. Morrow, Director
- Juan Enriquez-Cabot, Independent Director (Age 57)
- William C. Kirby, Independent Director (Age 66)
Who owns Cabot Corporation stock?
Cabot Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Fuller & Thaler Asset Management Inc. (2.88%), Earnest Partners LLC (2.43%), Dimensional Fund Advisors LP (2.39%), American Century Companies Inc. (2.04%), Fiduciary Trust Co. (1.87%) and Victory Capital Management Inc. (1.77%). Company insiders that own Cabot Corporation stock include Brian A Berube, Eduardo E Cordeiro, Gottberg Friedrich Von, Hobart Kalkstein, James Patrick Kelly, Nicholas S Cross and Patrick M Prevost. View Institutional Ownership Trends for Cabot Corporation.
Who sold Cabot Corporation stock? Who is selling Cabot Corporation stock?
Cabot Corporation's stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Ameriprise Financial Inc., Allianz Asset Management GmbH, Prudential Financial Inc., Canada Pension Plan Investment Board, Deprince Race & Zollo Inc., Hennessy Advisors Inc. and Envestnet Asset Management Inc.. Company insiders that have sold Cabot Corporation company stock in the last year include Brian A Berube, Eduardo E Cordeiro, Gottberg Friedrich Von, Hobart Kalkstein, Nicholas S Cross and Patrick M Prevost. View Insider Buying and Selling for Cabot Corporation.
Who bought Cabot Corporation stock? Who is buying Cabot Corporation stock?
Cabot Corporation's stock was acquired by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Victory Capital Management Inc., Fuller & Thaler Asset Management Inc., Citadel Advisors LLC, Old Mutual Global Investors UK Ltd., JPMorgan Chase & Co., Point72 Asset Management L.P. and Wells Fargo & Company MN. View Insider Buying and Selling for Cabot Corporation.
How do I buy Cabot Corporation stock?
Shares of Cabot Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cabot Corporation's stock price today?
One share of Cabot Corporation stock can currently be purchased for approximately $61.20.
How big of a company is Cabot Corporation?
Cabot Corporation has a market capitalization of $3.75 billion and generates $2.72 billion in revenue each year. The specialty chemicals company earns $241 million in net income (profit) each year or $3.81 on an earnings per share basis. Cabot Corporation employs 4,300 workers across the globe.
How can I contact Cabot Corporation?
Cabot Corporation's mailing address is TWO SEAPORT LANE SUITE 1300, BOSTON MA, 02210. The specialty chemicals company can be reached via phone at 617-345-0100 or via email at [email protected]
MarketBeat Community Rating for Cabot Corporation (CBT)MarketBeat's community ratings are surveys of what our community members think about Cabot Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Cabot Corporation (NYSE:CBT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.57)|
|Consensus Price Target: ||$61.33 (0.22% upside)|
Consensus Price Target History for Cabot Corporation (NYSE:CBT)
Analysts' Ratings History for Cabot Corporation (NYSE:CBT)
(Data available from 11/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/3/2017||Jefferies Group LLC||Reiterated Rating||Buy||$74.00||N/A|
|9/28/2017||Loop Capital||Initiated Coverage||Hold -> Hold||$59.00||Medium|
|8/15/2017||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$57.00||Medium|
|5/24/2017||Northcoast Research||Upgrade||Neutral -> Buy||$63.00||High|
|4/18/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy||$56.00||Low|
|8/12/2016||Deutsche Bank AG||Boost Price Target||Hold||$48.00 -> $52.00||N/A|
|12/9/2015||BB&T Corporation||Initiated Coverage||Buy||$55.00||N/A|
Earnings History and Estimates Chart for Cabot Corporation (NYSE:CBT)
Earnings History by Quarter for Cabot Corporation (NYSE CBT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/31/2017||Q4 2017||$0.93||$0.91||$683.30 million||$723.00 million||View||N/A|
|8/1/2017||Q3 2017||$0.85||$0.81||$664.16 million||$705.00 million||View||Listen|
|5/1/2017||Q2 2017||$0.85||$0.87||$637.57 million||$678.00 million||View||Listen|
|2/1/2017||Q117||$0.70||$0.84||$609.25 million||$611.00 million||View||Listen|
|10/31/2016||Q416||$0.94||$1.00||$654.40 million||$619.00 million||View||Listen|
|7/27/2016||Q316||$0.93||$0.93||$611.73 million||$621.00 million||View||Listen|
|5/2/2016||Q216||$0.77||$0.70||$647.48 million||$568.00 million||View||Listen|
|2/1/2016||Q116||$0.52||$0.51||$704.75 million||$603.00 million||View||Listen|
|11/2/2015||Q415||$0.66||$0.78||$707.80 million||$672.00 million||View||Listen|
|8/4/2015||Q315||$0.74||$0.64||$774.90 million||$694.00 million||View||Listen|
|4/29/2015||Q215||$0.63||$0.53||$823.00 million||$694.00 million||View||Listen|
|1/28/2015||Q115||$0.65||$0.80||$863.67 million||$812.00 million||View||Listen|
|10/28/2014||Q414||$0.83||$0.85||$933.33 million||$911.00 million||View||Listen|
|7/30/2014||Q314||$0.91||$0.88||$943.70 million||$940.00 million||View||Listen|
|4/30/2014||Q214||$0.84||$0.83||$910.00 million||$898.00 million||View||Listen|
|1/30/2014||Q114||$0.71||$0.86||$854.67 million||$899.00 million||View||Listen|
|10/30/2013||Q413||$0.79||$0.78||$880.00 million||$898.00 million||View||Listen|
|7/31/2013||Q3 2013||$0.91||$0.84||$931.00 million||$903.00 million||View||Listen|
|4/30/2013||Q2 2013||$0.69||$0.63||$887.33 million||$842.00 million||View||Listen|
|1/30/2013||Q1 2013||$0.77||$0.66||$864.00 million||$820.00 million||View||Listen|
Earnings Estimates for Cabot Corporation (NYSE:CBT)
2017 EPS Consensus Estimate: $3.43
2018 EPS Consensus Estimate: $3.75
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cabot Corporation (NYSE:CBT)
|Dividend Growth:||11.90% (3 Year Average)|
|Payout Ratio:||53.85% (Trailing 12 Months of Earnings) |
33.33% (Based on This Year's Estimates)
30.22% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Cabot Corporation (NYSE CBT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cabot Corporation (NYSE CBT)
Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 84.77%
Insider Trades by Quarter for Cabot Corporation (NYSE CBT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/14/2017||Hobart Kalkstein||Insider||Sell||3,881||$53.39||$207,206.59|| |
|3/2/2017||Patrick M Prevost||Director||Sell||61,363||$59.14||$3,629,007.82|| |
|2/21/2017||Patrick M Prevost||Director||Sell||92,562||$58.22||$5,388,959.64|| |
|2/9/2017||Patrick M Prevost||Director||Sell||62,400||$57.48||$3,586,752.00|| |
|2/7/2017||Eduardo E Cordeiro||Insider||Sell||37,695||$57.60||$2,171,232.00|| |
|2/7/2017||Patrick M Prevost||Director||Sell||48,902||$57.23||$2,798,661.46|| |
|2/6/2017||Brian A Berube||SVP||Sell||39,215||$57.56||$2,257,215.40|| |
|2/6/2017||Eduardo E Cordeiro||CFO||Sell||23,159||$57.55||$1,332,800.45|| |
|2/6/2017||Gottberg Friedrich Von||Insider||Sell||15,909||$57.42||$913,494.78|| |
|2/6/2017||Nicholas S Cross||EVP||Sell||7,000||$57.79||$404,530.00|| |
|11/25/2016||Hobart Kalkstein||Insider||Sell||4,890||$51.80||$253,302.00|| |
|11/14/2016||Gottberg Friedrich Von||Insider||Sell||19,553||$51.05||$998,180.65|| |
|9/28/2016||James Patrick Kelly||VP||Sell||2,500||$52.95||$132,375.00|| |
|8/30/2016||Nicholas S Cross||Insider||Sell||21,584||$50.56||$1,091,287.04|| |
|8/25/2016||Patrick M Prevost||Director||Sell||47,800||$49.59||$2,370,402.00|| |
|8/23/2016||Brian A Berube||SVP||Sell||16,489||$49.90||$822,801.10|| |
|8/23/2016||Eduardo E Cordeiro||Insider||Sell||27,073||$49.98||$1,353,108.54|| |
|8/23/2016||Patrick M Prevost||Director||Sell||2,200||$50.21||$110,462.00|| |
|7/28/2016||James Patrick Kelly||VP||Sell||2,500||$50.95||$127,375.00|| |
|7/12/2016||James Patrick Kelly||VP||Sell||2,500||$48.95||$122,375.00|| |
|6/3/2016||Patrick M Prevost||Director||Sell||60,000||$46.30||$2,778,000.00|| |
|3/3/2016||James Patrick Kelly||VP||Sell||12,225||$47.05||$575,186.25|| |
|3/1/2016||Patrick M Prevost||CEO||Sell||60,000||$44.98||$2,698,800.00|| |
|2/24/2015||Ronaldo H Schmitz||Director||Sell||5,000||$46.85||$234,250.00|| |
|2/13/2015||Patrick M Prevost||CEO||Sell||30,000||$47.08||$1,412,400.00|| |
|2/6/2015||Lydia W Thomas||Director||Sell||4,496||$46.16||$207,535.36|| |
|11/13/2014||David A Miller||EVP||Sell||8,000||$47.19||$377,520.00|| |
|8/11/2014||David A Miller||EVP||Sell||3,493||$53.67||$187,469.31|| |
|6/11/2014||Roderick Macleod||Director||Sell||57,800||$59.51||$3,439,678.00|| |
|6/6/2014||Patrick M Prevost||CEO||Sell||15,000||$59.32||$889,800.00|| |
|6/6/2014||Sean D Keohane||SVP||Sell||25,200||$59.33||$1,495,116.00|| |
|6/2/2014||Patrick M Prevost||CEO||Sell||15,000||$56.28||$844,200.00|| |
|5/12/2014||David Miller||EVP||Sell||3,494||$58.61||$204,783.34|| |
|5/1/2014||Patrick Prevost||CEO||Sell||15,000||$56.61||$849,150.00|| |
|4/1/2014||Patrick Prevost||CEO||Sell||15,000||$59.22||$888,300.00|| |
|3/6/2014||Brian Berube||SVP||Sell||12,500||$55.17||$689,625.00|| |
|3/6/2014||Eduardo Cordeiro||CFO||Sell||33,622||$55.04||$1,850,554.88|| |
|2/13/2014||Patrick Prevost||CEO||Sell||15,000||$50.16||$752,400.00|| |
|12/9/2013||Patrick Prevost||CEO||Sell||47,054||$49.30||$2,319,762.20|| |
|12/5/2013||Sean Keohane||SVP||Sell||25,000||$48.74||$1,218,500.00|| |
|12/4/2013||Brian Berube||SVP||Sell||10,445||$48.49||$506,478.05|| |
|12/3/2013||Eduardo Cordeiro||CFO||Sell||48,753||$48.23||$2,351,357.19|| |
|11/14/2013||David Miller||EVP||Sell||3,494||$47.86||$167,222.84|| |
|11/11/2013||James Patrick Kelly||VP||Sell||2,500||$47.75||$119,375.00|| |
|11/1/2013||James Patrick Kelly||VP||Sell||7,500||$46.58||$349,350.00|| |
|9/23/2013||Brian Berube||SVP||Sell||23,000||$42.07||$967,610.00|| |
|9/20/2013||Patrick Prevost||CEO||Sell||12,000||$42.80||$513,600.00|| |
|9/19/2013||Sean Keohane||SVP||Sell||25,000||$42.56||$1,064,000.00|| |
Latest Headlines for Cabot Corporation (NYSE CBT)
Cabot Corporation (NYSE CBT) Chart for Wednesday, November, 22, 2017