Cabot Corporation CBT announced an extension of its existing advanced carbons portfolio to include a new family of materials, ATHLOS carbon nanostructures (CNS). The latest addition consists of a network of inter-connected carbon nanotubes created using a proprietary method.
Cabot's latest highly-conductive carbon addition has been designed to improve customers' response to the next-generation plastic-application demands through optimal balance of electromagnetic interference (EMI) shielding, conductivity, mechanical strength and processability.
ATHLOS CNS provides superior quality of EMI shielding compared to other carbon additives. Its introduction to EMI shielding solutions has enabled substantial light-weighting and miniaturization benefits by minimizing the load of conventional metal-based alternatives. Moreover, the use of ATHLOS CNS can improve industrial hygiene by reducing dust contamination during manufacturing.
Per Cabot, the new carbon additives facilitate easier processing of high-performance plastic applications at a lower cost. It also enables specific performance properties and addresses key functionality requirements.
Cabot’s shares have declined around 2.5% in the past three months compared with the roughly 5.7% fall recorded by the industry.
Cabot predicts fiscal 2019 adjusted earnings per share to be flat, year on year. Its outlook reflects strong numbers for the fiscal fourth quarter based on the company's new fumed silica facility’s start-up, along with targeted customer and incremental cost measures.
Cabot will continue to control its capital spending and reduce working capital levels amid challenging business environment. It is also focused on generating strong cash flows.
Cabot Corporation Price and Consensus
Cabot Corporation price-consensus-chart | Cabot Corporation Quote
Zacks Rank & Key Picks
At present, Cabot carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Kinross Gold Corporation KGC, Alamos Gold Inc AGI, both sporting a Zacks Rank #1 (Strong Buy) and Newmont Mining Corporation NEM carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kinross has an estimated earnings growth rate of 168.60% for 2019. The company’s shares have rallied nearly 57.7% in a year’s time.
Alamos Gold has an estimated earnings growth rate of a whopping 336% for the current year. The company’s shares have appreciated 2.5% in the past year.
Newmont has an estimated earnings growth rate of 5.50% for the ongoing year. The company’s shares have gained 17.4% over the past year.
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