Cabot (NYSE:CBT – Get Free Report) is set to release its earnings data after the market closes on Monday, May 6th. Analysts expect Cabot to post earnings of $1.66 per share for the quarter. Cabot has set its FY24 guidance at $6.30-$6.80 EPS and its FY 2024 guidance at 6.300-6.800 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Cabot (NYSE:CBT – Get Free Report) last announced its earnings results on Monday, February 5th. The specialty chemicals company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.07. The firm had revenue of $958.00 million for the quarter, compared to the consensus estimate of $927.28 million. Cabot had a net margin of 11.24% and a return on equity of 25.52%. On average, analysts expect Cabot to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Cabot Stock Performance
Shares of CBT stock opened at $94.10 on Friday. The firm has a 50 day moving average of $90.34 and a two-hundred day moving average of $81.17. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $5.22 billion, a PE ratio of 12.22, a P/E/G ratio of 0.97 and a beta of 1.27. Cabot has a 52 week low of $63.73 and a 52 week high of $98.34.
Analyst Ratings Changes
Insider Buying and Selling
In other Cabot news, EVP Jeff Ji Zhu sold 55,233 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $79.91, for a total transaction of $4,413,669.03. Following the sale, the executive vice president now directly owns 97,201 shares in the company, valued at $7,767,331.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.07% of the company’s stock.
About Cabot
Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are 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 solutions.
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