Cabot Corporation (CBT)
| 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]
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 StatementsAnalyst 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.
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...
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.
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...
Cabot Corporation to Announce Fourth Quarter 2023 Operating Results
BOSTON--(BUSINESS WIRE)--Cabot Corporation to Announce Fourth Quarter 2023 Operating Results.
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...
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...
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...
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...
Cabot Corp Reports Third Quarter Fiscal 2023 Results
BOSTON--(BUSINESS WIRE)--Cabot Corp Reports Third Quarter Fiscal 2023 Results.
Cabot Corporation to Announce Third Quarter 2023 Operating Results
BOSTON--(BUSINESS WIRE)--Cabot Corporation to Announce Third Quarter 2023 Operating Results.
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...
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...
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 ...
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...
Cabot Corp Reports Second Quarter Fiscal 2023 Results
BOSTON--(BUSINESS WIRE)--Cabot Corp Reports Second Quarter Fiscal 2023 Results.
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...
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...
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...
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...
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...
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.
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.
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.
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) ...
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...