Cabot Corporation (CBT)

NYSE: CBT · IEX Real-Time Price · USD
76.32
+0.61 (0.81%)
Nov 29, 2023, 10:05 AM EST - Market open
0.81%
Market Cap 4.22B
Revenue (ttm) 3.93B
Net Income (ttm) 445.00M
Shares Out 55.31M
EPS (ttm) 7.73
PE Ratio 9.88
Forward PE 10.88
Dividend $1.60 (2.10%)
Ex-Dividend Date Nov 22, 2023
Volume 27,292
Open 76.36
Previous Close 75.71
Day's Range 76.21 - 76.63
52-Week Range 63.73 - 83.74
Beta 1.23
Analysts Strong Buy
Price Target 83.60 (+9.54%)
Earnings Date Nov 6, 2023

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 $83.6, which is an increase of 9.54% from the latest price.

Price Target
$83.6
(9.54% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Cabot Corporation Board Declares Dividend

BOSTON--(BUSINESS WIRE)--On Friday, November 10, 2023, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.40 per share on all outstanding shares of the Corporat...

18 days 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.

22 days 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...

23 days ago - Business Wire

Cabot Corporation to Announce Fourth Quarter 2023 Operating Results

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

7 weeks 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...

2 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...

2 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...

3 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...

4 months ago - Business Wire

Cabot Corp Reports Third Quarter Fiscal 2023 Results

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

4 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.

5 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...

5 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...

5 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 ...

5 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...

5 months ago - Business Wire

Cabot Corp Reports Second Quarter Fiscal 2023 Results

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

7 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...

7 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...

7 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...

8 months 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...

8 months 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...

8 months ago - Business Wire

Cabot Corporation Launches EVOLVE™ Sustainable Solutions Technology Platform Focused on Advancing Sustainable Reinforcing Carbons

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced the launch of EVOLVE™ Sustainable Solutions, a new technology platform for advancing sustainable reinforcing carbons.

9 months ago - Business Wire

Cabot Boosting Production In Lithium Battery Chain For EV Market

Chemical and materials maker Cabot Corporation (NYSE: CBT) may offer a buy opportunity the next time shares retreat to a key moving average, such as the 10-day, 21-day or 50-day.

Other symbols: OEC
9 months ago - MarketBeat

Cabot Corporation to Open New Battery Application Technology Center in Europe Focused on Supporting Customers and Accelerating Innovation in the Region

BOSTON--(BUSINESS WIRE)--Cabot Corp to establish a new state-of-the-art technology center in Germany focused on accelerating battery materials innovation within Europe.

9 months ago - Business Wire

This Small Company Is Set To Drive Future Of Lithium Batteries

Beyond the most common names associated with lithium batteries, such as Albemarle Corp. (NYSE: ALB), Lithium Americas Corp. (NYSE: LAC), Livent Corp. (NYSE: LTHM), Piedmont Lithium Inc. (NASDAQ: PLL) ...

Other symbols: ALBLACLTHMOECPLLSGML
9 months ago - MarketBeat

Cabot Corporation Launches New Engineered Elastomer Composite (E2C™) Product to Expand Capabilities in On-road Commercial Tire and Industrial Rubber Applications

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced the launch of its new E2C™ DX9660 solution that is designed to deliver significantly increased rubber durability through high abr...

9 months ago - Business Wire