Cactus (WHD) Set to Announce Earnings on Wednesday

Cactus (NYSE:WHD) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Cactus (NYSE:WHD) last announced its earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The business had revenue of $274.87 million for the quarter, compared to analyst estimates of $268.56 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Cactus’s revenue was up 46.4% compared to the same quarter last year. On average, analysts expect Cactus to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cactus Price Performance

Shares of Cactus stock opened at $52.56 on Wednesday. The firm has a fifty day moving average price of $48.10 and a two-hundred day moving average price of $45.46. Cactus has a fifty-two week low of $31.36 and a fifty-two week high of $57.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. The company has a market cap of $4.17 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 9.21 and a beta of 1.96.

Insider Buying and Selling at Cactus

In other news, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Cactus news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the transaction, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the sale, the chief executive officer now owns 20 shares of the company’s stock, valued at $915.80. The disclosure for this sale can be found here. Company insiders own 16.84% of the company’s stock.

Analysts Set New Price Targets

WHD has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Bank of America raised their price target on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Finally, Benchmark lowered Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Cactus has an average rating of “Hold” and an average target price of $55.29.

About Cactus

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.