Cabot Corporation (CBT)

NYSE: CBT · IEX Real-Time Price · USD
92.20
+0.35 (0.38%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.38%
Market Cap 5.09B
Revenue (ttm) 3.92B
Net Income (ttm) 441.00M
Shares Out 55.43M
EPS (ttm) 7.68
PE Ratio 12.01
Forward PE 13.51
Dividend $1.60 (1.74%)
Ex-Dividend Date Feb 22, 2024
Volume 350,087
Open 91.80
Previous Close 91.85
Day's Range 91.45 - 92.50
52-Week Range 63.73 - 92.50
Beta 1.27
Analysts Strong Buy
Price Target 88.80 (-3.69%)
Earnings Date May 6, 2024

About CBT

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. The company also provides specialty carbons for use in inks, coatings, plastics, adhesives, toners, batteries, and disp... [Read more]

Sector Materials
Founded 2019
Employees 4,300
Stock Exchange NYSE
Ticker Symbol CBT
Full Company Profile

Financial Performance

In 2023, Cabot's revenue was $3.93 billion, a decrease of -9.03% compared to the previous year's $4.32 billion. Earnings were $445.00 million, an increase of 112.92%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for CBT stock is "Strong Buy." The 12-month stock price forecast is $88.8, which is a decrease of -3.69% from the latest price.

Price Target
$88.8
(-3.69% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Cabot Corporation Wins Tire Technology International 2024 Awards for Innovation and Excellence for E2C® DX9660 Engineered Elastomer Composite

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) has won the Tire Technology International 2024 Awards for Innovation and Excellence in the “Chemicals and Compounding Innovation of the Year” cat...

18 hours ago - Business Wire

Cabot Corporation Launches New PROPEL® E8 Engineered Reinforcing Carbon Black for Tire Tread Applications

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced the global launch of its new PROPEL® E8 engineered reinforcing carbon black designed to provide superior tread durability at low ...

10 days ago - Business Wire

Cabot Corp Reports First Quarter Fiscal 2024 Results

BOSTON--(BUSINESS WIRE)--Cabot Corp Reports First Quarter Fiscal 2024 Results.

7 weeks ago - Business Wire

Cabot Corporation Board Declares Dividend

BOSTON--(BUSINESS WIRE)--On Friday, January 12, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.40 per share on all outstanding shares of the Corporati...

2 months ago - Business Wire

Cabot Corporation to Announce First Quarter 2024 Operating Results

BOSTON--(BUSINESS WIRE)--Cabot Corporation to Announce First Quarter 2024 Operating Results.

2 months ago - Business Wire

Cabot Corporation Named to Newsweek's America's Most Responsible Companies 2024 List

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced it has been recognized by Newsweek as one of America's Most Responsible Companies 2024. This is the fifth consecutive year that C...

4 months ago - Business Wire

Cabot Corp Reports Fourth Quarter Diluted EPS of $4.10 and Adjusted EPS of $1.65

BOSTON--(BUSINESS WIRE)--Cabot Corp Reports Fourth Quarter Fiscal 2023 Results.

5 months ago - Business Wire

Cabot Corporation Launches New REPLASBLAK™ Circular Black Masterbatch Product Family with Sustainable Material

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced the launch of its new REPLASBLAK™ product family of circular black masterbatches with certified material. With this launch, Cabot...

5 months ago - Business Wire

Cabot Corporation to Announce Fourth Quarter 2023 Operating Results

BOSTON--(BUSINESS WIRE)--Cabot Corporation to Announce Fourth Quarter 2023 Operating Results.

6 months ago - Business Wire

Cabot Corporation Enhances Circularity and Traceability Through ISCC PLUS Certification

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced it has achieved International Sustainability and Carbon Certification (ISCC) PLUS certification at six of its facilities. Cabot c...

6 months ago - Business Wire

Cabot Corporation Announces Changes to Board of Directors

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) announced today that Michelle Williams, Ph.D., has been elected to its Board of Directors, effective September 13, 2023. She was also appointed a...

6 months ago - Business Wire

Cabot Corporation to Present at the Jefferies Industrials Conference

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) announced today that Erica McLaughlin, Executive Vice President and Chief Financial Officer, will present at the Jefferies Industrials Conference...

7 months ago - Business Wire

Cabot Corporation Joins U.S. Department of Energy's Better Plants Program

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced its partnership with the U.S. Department of Energy's (DOE's) Better Plants program. The program is a national, voluntary partners...

8 months ago - Business Wire

Cabot Corp Reports Third Quarter Fiscal 2023 Results

BOSTON--(BUSINESS WIRE)--Cabot Corp Reports Third Quarter Fiscal 2023 Results.

8 months ago - Business Wire

Cabot Corporation to Announce Third Quarter 2023 Operating Results

BOSTON--(BUSINESS WIRE)--Cabot Corporation to Announce Third Quarter 2023 Operating Results.

9 months ago - Business Wire

Cabot Corporation Details Sustainability Progress in 2023 Sustainability Report

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today published its 2023 Sustainability Report, highlighting the progress it has achieved on its sustainability program and aspirations for the f...

9 months ago - Business Wire

Cabot Corporation Recognized by International Carbon Black Association for Safety Performance

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced that 18 of its carbon black manufacturing sites have been recognized by the International Carbon Black Association's (ICBA) Safet...

10 months ago - Business Wire

Cabot Corp.'s stock falls 10% after chemicals maker sees ‘soft' global demand

Shares of Cabot Corp. CBT dropped by as much as 10% in the extended session Thursday after the specialty chemicals maker said its sales have slowed, as China's recovery hasn't materialized in the way ...

10 months ago - Market Watch

Cabot Corporation Provides Update on Current Demand Environment

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today provided an update on the current demand environment and the impact on its business segments. Sales volumes in the Performance Chemicals se...

10 months ago - Business Wire

Cabot Corp Reports Second Quarter Fiscal 2023 Results

BOSTON--(BUSINESS WIRE)--Cabot Corp Reports Second Quarter Fiscal 2023 Results.

11 months ago - Business Wire

Cabot Corporation Board Increases Dividend

BOSTON--(BUSINESS WIRE)--On Friday, May 5, 2023, the Board of Directors of Cabot Corporation (NYSE: CBT) declared a quarterly dividend of $0.40 per share, an increase of 8% compared to the current qua...

11 months ago - Business Wire

Cabot Corporation Launches ENTERA™ Aerogel Particles for Use in Thermal Barriers for Lithium-ion Batteries

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced the launch of its new ENTERA™ aerogel particles portfolio. ENTERA aerogel particles are a thermal insulation additive designed to...

11 months ago - Business Wire

Cabot Corporation Announces Acquisition of Solar Farm in Chiba, Japan

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced that it has acquired the Chiba solar farm (八幡海岸通り発電所) from Shoko Co., Ltd. The solar farm adjoins Cabot's carbon black manufactur...

1 year ago - Business Wire

Cabot Corporation to Announce Second Quarter 2023 Operating Results

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) announced today that it will release operating results for the second quarter of fiscal 2023 on Monday, May 8, 2023, after market close. The Comp...

1 year ago - Business Wire

Cabot Corporation Receives Platinum Rating from EcoVadis for Third Consecutive Year

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) has achieved a platinum rating from EcoVadis, the highest recognition available, for the third consecutive year. The platinum rating recognizes C...

1 year ago - Business Wire