Cabot Corporation (CBT) Receiving Somewhat Favorable Media Coverage, Analysis Finds

Media coverage about Cabot Corporation (NYSE:CBT) has been trending somewhat positive recently, Alpha One Sentiment reports. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabot Corporation earned a news sentiment score of 0.19 on Alpha One’s scale. Alpha One also assigned press coverage about the specialty chemicals company an impact score of 41 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Alpha One Sentiment’s rankings:

Insider Buying and Selling by Quarter for Cabot Corporation (NYSE:CBT)

Cabot Corporation (NYSE:CBT) traded up 0.54% during mid-day trading on Friday, reaching $54.05. The company had a trading volume of 627,602 shares. The company’s 50 day moving average is $53.22 and its 200 day moving average is $55.41. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 14.47 and a beta of 1.08. Cabot Corporation has a 52-week low of $42.27 and a 52-week high of $61.34.

Cabot Corporation (NYSE:CBT) last released its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $678 million for the quarter, compared to the consensus estimate of $637.57 million. Cabot Corporation had a return on equity of 16.83% and a net margin of 9.33%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 earnings per share. Equities analysts predict that Cabot Corporation will post $3.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were issued a $0.315 dividend. This is an increase from Cabot Corporation’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, May 24th. Cabot Corporation’s payout ratio is presently 33.69%.

Several brokerages recently issued reports on CBT. Zacks Investment Research downgraded Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Jefferies Group LLC reissued a “buy” rating and issued a $68.00 price target on shares of Cabot Corporation in a report on Friday, March 24th. BidaskClub raised Cabot Corporation from a “sell” rating to a “hold” rating in a report on Friday. Aegis reissued a “hold” rating on shares of Cabot Corporation in a report on Wednesday, May 31st. Finally, SunTrust Banks, Inc. began coverage on Cabot Corporation in a report on Tuesday, April 18th. They issued a “buy” rating and a $56.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.00.

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Cabot Corporation Company Profile

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.

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