Cabot (NYSE:CBT) Updates FY 2025 Earnings Guidance

Cabot (NYSE:CBT) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 7.400-7.800 for the period, compared to the consensus estimate of 7.060. The company issued revenue guidance of -. Cabot also updated its FY25 guidance to $7.40-7.80 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Cabot from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. UBS Group reduced their target price on Cabot from $103.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cabot has a consensus rating of “Hold” and a consensus price target of $101.75.

Cabot Trading Up 1.0 %

Shares of NYSE:CBT traded up $1.07 on Monday, hitting $110.09. 709,694 shares of the company’s stock were exchanged, compared to its average volume of 336,001. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.22 and a quick ratio of 1.45. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.20. The business’s 50 day simple moving average is $108.20 and its two-hundred day simple moving average is $100.87. Cabot has a 12 month low of $66.02 and a 12 month high of $117.14.

Cabot (NYSE:CBT) last issued its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.72 by $0.20. Cabot had a return on equity of 26.99% and a net margin of 12.05%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts anticipate that Cabot will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Erica Mclaughlin sold 23,274 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $99.79, for a total transaction of $2,322,512.46. Following the completion of the transaction, the chief financial officer now owns 59,814 shares in the company, valued at $5,968,839.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Cabot news, CFO Erica Mclaughlin sold 23,274 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $99.79, for a total transaction of $2,322,512.46. Following the completion of the sale, the chief financial officer now owns 59,814 shares of the company’s stock, valued at $5,968,839.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sean D. Keohane sold 25,617 shares of Cabot stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $101.55, for a total value of $2,601,406.35. Following the completion of the sale, the chief executive officer now owns 331,174 shares in the company, valued at $33,630,719.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,939 shares of company stock valued at $7,308,812. Corporate 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.