Cabot (CBT) Given News Sentiment Rating of 0.11

News articles about Cabot (NYSE:CBT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cabot earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the specialty chemicals company an impact score of 45.6517320128898 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Cabot (CBT) traded down $0.76 during trading on Friday, hitting $60.51. 312,182 shares of the stock traded hands, compared to its average volume of 335,383. The firm has a market cap of $3,748.59, a price-to-earnings ratio of 17.64, a PEG ratio of 1.60 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. Cabot has a one year low of $50.21 and a one year high of $64.66.

Cabot (NYSE:CBT) last announced its earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.02). The company had revenue of $723.00 million for the quarter, compared to the consensus estimate of $683.30 million. Cabot had a return on equity of 15.11% and a net margin of 8.87%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. sell-side analysts anticipate that Cabot will post 3.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, November 22nd. Cabot’s payout ratio is 33.07%.

Several brokerages have issued reports on CBT. Zacks Investment Research upgraded shares of Cabot from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. KeyCorp reiterated a “hold” rating on shares of Cabot in a research note on Wednesday, November 1st. J P Morgan Chase & Co upgraded shares of Cabot from a “neutral” rating to an “overweight” rating and set a $57.00 price target on the stock in a research note on Tuesday, August 15th. Jefferies Group reiterated a “buy” rating and issued a $74.00 price target on shares of Cabot in a research note on Friday, November 3rd. Finally, Loop Capital initiated coverage on shares of Cabot in a research note on Thursday, September 28th. They issued a “hold” rating and a $59.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cabot has an average rating of “Hold” and an average target price of $61.14.

In related news, insider Hobart Kalkstein sold 3,881 shares of Cabot stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.39, for a total transaction of $207,206.59. Following the completion of the sale, the insider now owns 27,736 shares of the company’s stock, valued at approximately $1,480,825.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.

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About Cabot

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.

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

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