CBT and Nexeo Solutions have expanded their deal to distribute the former’s fumed silica, specialty carbon, dispersion, fumed alumina and aerogel product lines in the west coast and southwest United States.
Globally, Cabot operates in 45 manufacturing facilities in 21 countries. Notably, the company’s performance material and specialty chemical product lines are used in applications across the consumer, infrastructure, environment and transportation industries.
Per the company, the latest expansion of distribution deal reinforces its shared commitment to help customers innovate products with high-quality ingredients.
Shares of Cabot have lost 24.6% in the past six months compared with the industry’s 18.4% decline.
In November, Cabot stated that it expects adjusted earnings per share (EPS) for fiscal 2019 in the range of $4.35-$4.75. Per the company, the Reinforcement Materials division is expected to benefit from positive 2019 customer agreements and strong market position in Asia.
The Performance Chemicals unit is projected to return to a more normalized EBIT run-rate after the large turnarounds in the fiscal fourth quarter. The company also expects benefits from recent growth investments to materialize.
The Purification Solutions segment is expected to gain from a targeted improvement plan that is currently underway. The Specialty Fluids unit is expected to sustain the recent strong performance in fiscal 2019.
Cabot Corporation Price and Consensus
Cabot Corporation Price and Consensus | Cabot Corporation Quote
Zacks Rank & Stocks to Consider
Cabot currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the basic materials space include CF Industries Holdings, Inc. CF and The Mosaic Company MOS, sporting a Zacks Rank #1 (Strong Buy) along with Air Products and Chemicals, Inc. APD, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CF Industries has an expected long-term earnings growth rate of 6%. The company’s shares have gained 11.3% in the past year.
Mosaic has an expected long-term earnings growth rate of 7%. The company’s shares have surged 47.8% in the past year.
Air Products has an expected long-term earnings growth rate of 11.8%. Its shares have inched up 1.9% in a year’s time.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
Cabot Corporation (CBT) : Free Stock Analysis Report
The Mosaic Company (MOS) : Free Stock Analysis Report
CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report
To read this article on Zacks.com click here.