Zacks Research Has Positive Forecast for Cactus Q2 Earnings

Cactus, Inc. (NYSE:WHD) – Stock analysts at Zacks Research increased their Q2 2027 earnings per share estimates for shares of Cactus in a report issued on Tuesday, September 9th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.77 for the quarter, up from their prior estimate of $0.76. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Cactus’ current full-year earnings is $3.08 per share.

WHD has been the subject of a number of other reports. Barclays reissued an “overweight” rating and set a $52.00 price target (down from $53.00) on shares of Cactus in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced their price objective on Cactus from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Stifel Nicolaus reduced their price objective on Cactus from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Cactus from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.75.

Cactus Price Performance

Shares of WHD stock opened at $41.74 on Thursday. Cactus has a 52-week low of $33.80 and a 52-week high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 4.85. The firm has a market capitalization of $3.33 billion, a P/E ratio of 15.75, a P/E/G ratio of 3.91 and a beta of 1.53. The stock has a 50 day moving average price of $42.39 and a 200 day moving average price of $43.02.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Cactus had a return on equity of 17.34% and a net margin of 16.19%.The business had revenue of $273.58 million for the quarter, compared to the consensus estimate of $280.28 million. During the same period in the prior year, the business posted $0.81 earnings per share. Cactus’s revenue was down 5.8% on a year-over-year basis.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a $0.14 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Cactus’s previous quarterly dividend of $0.13. Cactus’s dividend payout ratio (DPR) is 21.13%.

Insider Activity

In other news, EVP William D. Marsh sold 10,172 shares of Cactus stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the transaction, the executive vice president directly owned 11,088 shares in the company, valued at approximately $458,156.16. This trade represents a 47.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WHD. Balyasny Asset Management L.P. purchased a new position in shares of Cactus in the 2nd quarter valued at $30,648,000. Millennium Management LLC purchased a new position in shares of Cactus in the 1st quarter valued at $28,924,000. Encompass Capital Advisors LLC purchased a new position in shares of Cactus in the 1st quarter valued at $27,457,000. Pacer Advisors Inc. increased its holdings in shares of Cactus by 10,002.6% in the 1st quarter. Pacer Advisors Inc. now owns 458,053 shares of the company’s stock valued at $20,993,000 after acquiring an additional 453,519 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Cactus by 130.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 694,149 shares of the company’s stock worth $30,340,000 after buying an additional 393,260 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Company Profile

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.