Earnings Results under Review: Cabot Corporation (NYSE: CBT)

Jorge Malinowski

I am Jorge Malinowski and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind Seeking Review with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category.

Address: 4316 Victoria Street, Baton Rouge, LA 70806, USA
Phone: (+1) 225-263-7957
Email: jorge.malinowski@seekingreview.com
Jorge Malinowski

BOSTON, August 12, 2019 – Shares of Cabot Corporation (NYSE: CBT) showed the bearish trend with a lower momentum of -4.95% to $38.21. The company traded total volume of 459.456K shares as contrast to its average volume of 363.89K shares. The company has a market value of $2.29B and about 60.05M shares outstanding.

Cabot Corp. (CBT) reported fiscal second-quarter net income of $23.0M, after reporting a loss in the same period a year earlier. On a per-share basis, the Boston-based company said it had net income of 39 cents. Earnings, adjusted for one-time gains and costs, came to 99 cents per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The chemical company posted revenue of $844.0M in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $906.0M. Cabot anticipates full-year earnings in the range of $4.05 to $4.30 per share.

The Company offered net profit margin of 8.10% while its gross profit margin was 22.00%. ROE was recorded as 23.90% while beta factor was 1.49. The stock, as of recent close, has shown the weekly downbeat performance of -7.66% which was maintained at -11.02% in this year.

Jorge Malinowski

Jorge Malinowski

I am Jorge Malinowski and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Seeking Review with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category. Address: 4316 Victoria Street, Baton Rouge, LA 70806, USA Phone: (+1) 225-263-7957 Email: jorge.malinowski@seekingreview.com