Brokerages expect Cabot Corporation (NYSE:CBT) to post $0.93 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cabot Corporation’s earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.94. Cabot Corporation reported earnings per share of $1.00 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that Cabot Corporation will report full year earnings of $3.45 per share for the current year, with EPS estimates ranging from $3.40 to $3.50. For the next year, analysts anticipate that the business will post earnings of $3.77 per share, with EPS estimates ranging from $3.65 to $4.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cabot Corporation.

Cabot Corporation (NYSE:CBT) last released its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $664.16 million. Cabot Corporation had a return on equity of 16.03% and a net margin of 8.61%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share.

Several equities analysts have recently issued reports on the stock. Loop Capital assumed coverage on shares of Cabot Corporation in a report on Thursday, September 28th. They issued a “hold” rating and a $59.00 price target for the company. Zacks Investment Research raised shares of Cabot Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. J P Morgan Chase & Co raised shares of Cabot Corporation from a “neutral” rating to an “overweight” rating and set a $57.00 price target for the company in a report on Tuesday, August 15th. BidaskClub lowered shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, ValuEngine lowered shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.29.

WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/24/analysts-expect-cabot-corporation-cbt-to-announce-0-93-eps.html.

In related news, insider Hobart Kalkstein sold 3,881 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.39, for a total value of $207,206.59. Following the completion of the transaction, the insider now directly owns 27,736 shares of the company’s stock, valued at approximately $1,480,825.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Cabot Corporation by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,118 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 33 shares during the period. Teacher Retirement System of Texas boosted its stake in Cabot Corporation by 0.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,984 shares of the specialty chemicals company’s stock worth $266,000 after purchasing an additional 45 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Cabot Corporation by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,772 shares of the specialty chemicals company’s stock worth $492,000 after purchasing an additional 54 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cabot Corporation by 9.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,469 shares of the specialty chemicals company’s stock worth $132,000 after purchasing an additional 209 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in Cabot Corporation by 4.0% in the 2nd quarter. Capstone Asset Management Co. now owns 5,442 shares of the specialty chemicals company’s stock worth $291,000 after purchasing an additional 210 shares during the period. 84.15% of the stock is owned by hedge funds and other institutional investors.

Shares of Cabot Corporation (CBT) opened at 58.36 on Tuesday. Cabot Corporation has a 12 month low of $47.99 and a 12 month high of $61.34. The firm has a market cap of $3.63 billion, a PE ratio of 16.35 and a beta of 1.09. The stock has a 50 day moving average price of $55.89 and a 200 day moving average price of $54.44.

About Cabot Corporation

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.

Get a free copy of the Zacks research report on Cabot Corporation (CBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cabot Corporation (NYSE:CBT)

Receive News & Ratings for Cabot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Corporation and related companies with MarketBeat.com's FREE daily email newsletter.