Analysts See $0.92 EPS for Cabot Corp (CBT)

July 17, 2017 - By Hazel Jackson

 Analysts See $0.92 EPS for Cabot Corp (CBT)
Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.03, from 0.94 in 2016Q3. It improved, as 27 investors sold Cabot Corp shares while 96 reduced holdings. 37 funds opened positions while 82 raised stakes. 52.20 million shares or 1.06% less from 52.76 million shares in 2016Q3 were reported.
Profund Advsrs Limited Liability Com reported 16,233 shares or 0.04% of all its holdings. Malaga Cove Limited Liability Corporation invested in 0.77% or 23,140 shares. California-based California State Teachers Retirement System has invested 0.01% in Cabot Corp (NYSE:CBT). Alliancebernstein Lp holds 261,800 shares or 0.01% of its portfolio. Kames Cap Pcl holds 14,869 shares. Comerica Savings Bank has 81,312 shares. Symphony Asset Mngmt Ltd Liability Corp has 0.11% invested in Cabot Corp (NYSE:CBT) for 21,536 shares. Blackrock Invest Mgmt Lc invested in 0.01% or 217,985 shares. Parkside Fin National Bank invested in 332 shares. Quantitative Investment Ltd holds 0.06% or 50,400 shares. Nationwide Fund Advsr owns 106,476 shares. Maple Mngmt accumulated 4,000 shares. 1.14M were accumulated by Jpmorgan Chase &. Kbc Group Nv holds 0.02% or 41,103 shares. Patten Grp Inc has 0.05% invested in Cabot Corp (NYSE:CBT).

Since January 24, 2017, it had 0 buys, and 12 sales for $25.49 million activity. BERUBE BRIAN A sold $2.26 million worth of Cabot Corp (NYSE:CBT) on Monday, February 6. Prevost Patrick M. sold $2.80M worth of Cabot Corp (NYSE:CBT) on Tuesday, February 7. von Gottberg Friedrich had sold 19,662 shares worth $1.12 million on Wednesday, February 8. Another trade for 37,695 shares valued at $2.17 million was made by CORDEIRO EDUARDO E on Monday, February 6. Kalkstein Hobart sold $437,938 worth of stock or 7,529 shares. On Monday, February 6 the insider Cross Nicholas S. sold $404,530. $137,375 worth of Cabot Corp (NYSE:CBT) shares were sold by Kelly James Patrick.

Wall Street await Cabot Corp (NYSE:CBT) to release earnings on July, 26. Analysts forecast earnings per share of $0.92, down exactly $0.01 or 1.08 % from 2014’s $0.93 EPS. The expected CBT’s profit could reach $57.71 million giving the stock 14.86 P/E in the case that $0.92 earnings per share is reported. After posting $0.87 EPS for the previous quarter, Cabot Corp’s analysts now forecast 5.75 % EPS growth. The stock increased 1.62% or $0.87 during the last trading session, reaching $54.68. About 272,500 shares traded. Cabot Corp (NYSE:CBT) has risen 15.44% since July 18, 2016 and is uptrending. It has underperformed by 1.26% the S&P500.

Cabot Corp (NYSE:CBT) Ratings Coverage

Among 6 analysts covering Cabot (NYSE:CBT), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Cabot had 11 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Cabot Corp (NYSE:CBT) earned “Neutral” rating by SunTrust on Tuesday, August 2. The firm has “Sell” rating given on Tuesday, September 1 by Zacks. BB&T Capital initiated it with “Buy” rating and $55 target in Thursday, December 10 report. The stock of Cabot Corp (NYSE:CBT) has “Neutral” rating given on Monday, March 14 by JP Morgan. Jefferies maintained it with “Buy” rating and $6800 target in Thursday, June 8 report. The company was downgraded on Monday, April 11 by KeyBanc Capital Markets. The rating was maintained by Deutsche Bank on Thursday, August 13 with “Hold”. Jefferies maintained Cabot Corp (NYSE:CBT) on Thursday, July 13 with “Buy” rating. Deutsche Bank maintained the shares of CBT in report on Friday, August 12 with “Hold” rating. Deutsche Bank maintained Cabot Corp (NYSE:CBT) on Wednesday, November 11 with “Buy” rating.

Cabot Corporation is a global specialty chemicals and performance materials company. The company has market cap of $3.43 billion. The Firm operates through four business divisions: reinforcement materials, performance chemicals, purification solutions and specialty fluids. It has a 14.69 P/E ratio. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.

More news for Cabot Corp (NYSE:CBT) were recently published by: Businesswire.com, which released: “Cabot Corporation to Announce Third Quarter 2017 Operating Results” on July 07, 2017. Businesswire.com‘s article titled: “Cabot Corporation Shares Sustainability Progress with Release of 2016 …” and published on July 11, 2017 is yet another important article.

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