Zacks: Brokerages Anticipate Cactus, Inc. (NYSE:WHD) to Announce $0.35 Earnings Per Share

Equities analysts forecast that Cactus, Inc. (NYSE:WHDGet Rating) will announce earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cactus’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.36. Cactus reported earnings of $0.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 118.8%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cactus will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.65. For the next year, analysts anticipate that the company will post earnings of $2.10 per share, with EPS estimates ranging from $1.75 to $2.29. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Cactus.

Cactus (NYSE:WHDGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Cactus had a net margin of 11.73% and a return on equity of 8.10%. The company had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $139.84 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 72.8% on a year-over-year basis.

A number of research analysts have commented on WHD shares. Bank of America cut shares of Cactus from a “buy” rating to a “neutral” rating in a research report on Friday, March 11th. Zacks Investment Research upgraded shares of Cactus from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research note on Monday, April 4th. Tudor Pickering lowered shares of Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, March 1st. Morgan Stanley downgraded Cactus from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $60.00 to $52.00 in a report on Monday, April 11th. Finally, Citigroup downgraded Cactus from a “buy” rating to a “neutral” rating in a report on Monday, March 14th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $56.83.

In other Cactus news, VP David John Isaac sold 5,091 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $62.72, for a total transaction of $319,307.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Donna L. Anderson sold 1,496 shares of the firm’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $58.00, for a total value of $86,768.00. The disclosure for this sale can be found here. Insiders have sold 480,282 shares of company stock worth $24,642,970 over the last 90 days. 21.10% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Stephens Inc. AR grew its holdings in shares of Cactus by 2.7% during the 4th quarter. Stephens Inc. AR now owns 7,669 shares of the company’s stock worth $292,000 after purchasing an additional 200 shares in the last quarter. Citigroup Inc. raised its position in shares of Cactus by 1.5% during the fourth quarter. Citigroup Inc. now owns 17,954 shares of the company’s stock worth $684,000 after acquiring an additional 261 shares during the last quarter. Sei Investments Co. grew its position in shares of Cactus by 0.3% during the 4th quarter. Sei Investments Co. now owns 81,780 shares of the company’s stock worth $3,129,000 after buying an additional 280 shares during the period. Arizona State Retirement System increased its stake in Cactus by 2.0% in the first quarter. Arizona State Retirement System now owns 15,935 shares of the company’s stock valued at $904,000 after purchasing an additional 314 shares in the last quarter. Finally, Private Capital Group LLC increased its stake in Cactus by 28.4% in the first quarter. Private Capital Group LLC now owns 1,650 shares of the company’s stock valued at $94,000 after purchasing an additional 365 shares in the last quarter.

Shares of WHD traded up $0.45 during mid-day trading on Friday, reaching $48.29. The stock had a trading volume of 383,900 shares, compared to its average volume of 456,492. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.33 and a quick ratio of 4.00. Cactus has a 52-week low of $31.65 and a 52-week high of $64.18. The business’s fifty day moving average is $52.97 and its 200 day moving average is $47.13. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 49.28 and a beta of 2.03.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Monday, May 30th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, May 26th. Cactus’s dividend payout ratio (DPR) is presently 44.90%.

Cactus Company Profile (Get Rating)

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

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Earnings History and Estimates for Cactus (NYSE:WHD)

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