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:
- Sector: Basic Materials
- Industry: Specialty Chemicals
- Sub-Industry: Commodity Chemicals
- Symbol: NYSE:CBT
- CUSIP: 12705510
- Web: www.cabot-corp.com
Capitalization:- Market Cap: $3.31681 billion
- Outstanding Shares: 62,229,000
Average Prices:- 50 Day Moving Avg: $52.52
- 200 Day Moving Avg: $54.76
- 52 Week Range: $47.99 - $61.34
P/E:- Trailing P/E Ratio: 15.03
- Foreward P/E Ratio: 14.23
- P/E Growth: 1.66
Sales & Book Value:- Annual Revenue: $2.61 billion
- Price / Sales: 1.28
- Book Value: $22.06 per share
- Price / Book: 2.43
Dividend:- Annual Dividend: $1.26
- Dividend Yield: 2.4%
Profitability:- EBIDTA: $488 million
- Net Margins: 8.61%
- Return on Equity: 16.03%
- Return on Assets: 7.24%
Debt:- Debt-to-Equity Ratio: 0.45%
- Current Ratio: 1.71%
- Quick Ratio: 1.13%
Misc:- Average Volume: 338,477 shs.
- Beta: 1.09
- Short Ratio: 0.87
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 announced a quarterly dividend on Friday, July 14th. Shareholders of record on Friday, August 25th will be given a dividend of $0.315 per share on Friday, September 8th. This represents a $1.26 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, August 23rd. View Cabot Corporation's Dividend History.
How were Cabot Corporation's earnings last quarter?
Cabot Corporation (NYSE:CBT) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by $0.04. The company had revenue of $705 million for the quarter, compared to analyst estimates of $664.16 million. Cabot Corporation had a net margin of 8.61% and a return on equity of 16.03%. The firm's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. 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?
5 equities research analysts have issued 12-month target prices for Cabot Corporation's stock. Their forecasts range from $56.00 to $68.00. On average, they anticipate Cabot Corporation's stock price to reach $60.60 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 Johnson Matthey PLC (JMAT), Cytec Industries (CYT), W.R. Grace & Co. (GRA), Croda International Plc (CRDA), Valvoline (VVV), Versum Materials (VSM), Sensient Technologies Corporation (SXT), Platform Specialty Products Corporation (PAH), Trinseo S.A. (TSE), Kronos Worldwide (KRO), Minerals Technologies (MTX), Victrex plc (VCT), Stepan Company (SCL), Ferro Corporation (FOE), Synthomer PLC (SYNT), Innospec (IOSP), Orion Engineered Carbons S.A (OEC) and Elementis plc (ELM).
Who are Cabot Corporation's key executives?
Cabot Corporation's management team includes the folowing people:
- Sean D. Keohane, President, Chief Executive Officer, Director
- Eduardo E. Cordeiro, Chief Financial Officer, Executive Vice President, President - Americas and Europe
- Brian A. Berube, Interim Chief Human Resource Officer, Senior Vice President, General Counsel
- Nicholas S. Cross, Executive Vice President, President - Performance Materials and Advanced Technologies
- Hobart C. Kalkstein, Senior Vice President and President - Reinforcement Materials Segment
- Friedrich von Gottberg, Senior Vice President, President of Purification Solutions
- John F. O'Brien, Non-Executive Independent Chairman of the Board
- Juan Enriquez-Cabot, Independent Director
- William C. Kirby, Independent Director
- Roderick C. G. MacLeod, Independent Director
Who owns Cabot Corporation stock?
Cabot Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.12%), Vanguard Group Inc. (8.09%), LSV Asset Management (4.92%), State Street Corp (2.82%), Earnest Partners LLC (2.40%) and Dimensional Fund Advisors LP (2.32%). 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., Vanguard Group Inc., Bank of New York Mellon Corp, Federated Investors Inc. PA, Chicago Equity Partners LLC, Prudential Financial Inc., Parametric Portfolio Associates LLC and JPMorgan Chase & Co.. Company insiders that have sold Cabot Corporation stock in the last year include Brian A Berube, Eduardo E Cordeiro, Gottberg Friedrich Von, Hobart Kalkstein, James Patrick Kelly, 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 bought by a variety of institutional investors in the last quarter, including AJO LP, Deprince Race & Zollo Inc., BlackRock Inc., Earnest Partners LLC, Victory Capital Management Inc., New York State Common Retirement Fund, Canada Pension Plan Investment Board and Dimensional Fund Advisors LP. 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 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 $53.66.
MarketBeat Community Rating for Cabot Corporation (NYSE 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.
Consensus Ratings for Cabot Corporation (NYSE:CBT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: | 1 Hold Rating, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.80) |
| Consensus Price Target: | $60.60 (12.93% upside) |
Analysts' Ratings History for Cabot Corporation (NYSE:CBT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/15/2017 | J P Morgan Chase & Co | Upgrade | Neutral -> Overweight | $57.00 | Medium |  |
| 6/8/2017 | Jefferies Group LLC | Set Price Target | Buy | $68.00 | Low | |
| 5/31/2017 | Aegis | Reiterated Rating | Hold | | Low | |
| 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 | |
(Data available from 9/19/2015 forward)
Earnings History for Cabot Corporation (NYSE:CBT)Earnings History by Quarter for Cabot Corporation (NYSE CBT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | $0.91 | | | | | 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 | |
| 10/30/2012 | | $0.76 | $0.75 | | | View | N/A | |
| 7/31/2012 | | $1.00 | $1.00 | | | View | N/A | |
| 5/1/2012 | | $0.79 | $0.96 | | | View | N/A | |
| 2/1/2012 | | $0.56 | $0.63 | | | View | N/A | |
| 10/25/2011 | | $0.74 | $0.53 | | | View | N/A | |
| 4/26/2011 | | $0.75 | $0.81 | | | View | N/A | |
| 1/25/2011 | | $0.67 | $0.78 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Cabot Corporation (NYSE:CBT)2017 EPS Consensus Estimate: $3.43
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.70 | $0.97 | $0.80 |
| Q2 2017 | 4 | $0.84 | $0.98 | $0.88 |
| Q3 2017 | 4 | $0.81 | $0.85 | $0.83 |
| Q4 2017 | 4 | $0.88 | $0.95 | $0.93 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Cabot Corporation (NYSE:CBT)| Most Recent Dividend: | 9/8/2017 |
| Annual Dividend: | $1.26 |
| Dividend Yield: | 2.35% |
| Dividend Growth: | 11.90% (3 Year Average) |
| Payout Ratio: | 35.29% (Trailing 12 Months of Earnings)
36.52% (Based on This Year's Estimates)
33.42% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Cabot Corporation (NYSE CBT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/14/2017 | quarterly | $0.32 | 2.31% | 8/23/2017 | 8/25/2017 | 9/8/2017 |
| 5/10/2017 | quarterly | $0.32 | 2.42% | 5/24/2017 | 5/26/2017 | 6/9/2017 |
| 1/13/2017 | quarterly | $0.30 | 2.24% | 2/22/2017 | 2/24/2017 | 3/10/2017 |
| 11/11/2016 | quarterly | $0.30 | 2.32% | 11/22/2016 | 11/25/2016 | 12/9/2016 |
| 7/8/2016 | quarterly | $0.30 | 2.51% | 8/24/2016 | 8/26/2016 | 9/9/2016 |
| 5/24/2016 | quarterly | $0.30 | 2.62% | 5/25/2016 | 5/27/2016 | 6/10/2016 |
| 1/8/2016 | quarterly | $0.22 | 2.35% | 2/24/2016 | 2/26/2016 | 3/11/2016 |
| 11/13/2015 | quarterly | $0.23 | 2.15% | 11/24/2015 | 11/27/2015 | 12/11/2015 |
| 7/10/2015 | quarterly | $0.22 | 2.3% | 8/26/2015 | 8/28/2015 | 9/11/2015 |
| 5/8/2015 | quarterly | $0.22 | 2.06% | 5/27/2015 | 5/29/2015 | 6/12/2015 |
| 1/9/2015 | quarterly | $0.22 | 2.08% | 2/25/2015 | 2/27/2015 | 3/13/2015 |
| 11/14/2014 | quarterly | $0.22 | 1.93% | 11/25/2014 | 11/28/2014 | 12/12/2014 |
| 7/9/2014 | quarterly | $0.22 | 1.54% | 8/27/2014 | 8/29/2014 | 9/12/2014 |
| 5/8/2014 | quarterly | $0.22 | 1.5% | 5/28/2014 | 5/30/2014 | 6/13/2014 |
| 1/10/2014 | quarterly | $0.20 | 1.57% | 2/26/2014 | 2/28/2014 | 3/14/2014 |
| 11/8/2013 | quarterly | $0.20 | 1.68% | 11/26/2013 | 11/29/2013 | 12/13/2013 |
| 7/12/2013 | quarterly | $0.20 | 2.04% | 8/28/2013 | 8/30/2013 | 9/13/2013 |
| 5/9/2013 | quarterly | $0.20 | 2.07% | 5/29/2013 | 5/31/2013 | 6/14/2013 |
| 1/15/2013 | quarterly | $0.20 | 1.89% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Cabot Corporation (NYSE:CBT)Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 84.28%
Insider Trades by Quarter for Cabot Corporation (NYSE:CBT)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Cabot Corporation (NYSE:CBT)
Latest Headlines for Cabot Corporation (NYSE:CBT)
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Cabot Corporation (CBT) Chart for Tuesday, September, 19, 2017
