Brokers Set Expectations for Cactus’ Q1 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Equities researchers at Zacks Research raised their Q1 2027 earnings per share estimates for Cactus in a note issued to investors on Monday, June 15th. Zacks Research analyst Team now anticipates that the company will earn $0.87 per share for the quarter, up from their previous forecast of $0.86. The consensus estimate for Cactus’ current full-year earnings is $2.85 per share.

Several other equities research analysts have also recently issued reports on WHD. Weiss Ratings raised shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen cut shares of Cactus from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Citigroup raised their price target on shares of Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Barclays raised their price target on shares of Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target (up from $66.00) on shares of Cactus in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.00.

Cactus Price Performance

Cactus stock opened at $57.55 on Wednesday. Cactus has a 12-month low of $33.20 and a 12-month high of $64.30. The stock has a market capitalization of $4.61 billion, a P/E ratio of 54.29, a P/E/G ratio of 2.30 and a beta of 1.37. The firm’s 50-day moving average is $56.79 and its two-hundred day moving average is $52.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.61 and a quick ratio of 1.71.

Cactus (NYSE:WHD) last announced its earnings results on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The firm had revenue of $388.35 million during the quarter, compared to the consensus estimate of $380.42 million. During the same quarter in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 38.5% on a year-over-year basis.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, June 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. Cactus’s dividend payout ratio (DPR) is currently 52.83%.

Insider Buying and Selling

In other news, Director Alan Semple sold 10,206 shares of Cactus stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $56.62, for a total transaction of $577,863.72. Following the sale, the director owned 29,444 shares in the company, valued at $1,667,119.28. This trade represents a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Y. Mcgovern sold 12,000 shares of Cactus stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total transaction of $678,840.00. Following the sale, the director owned 15,990 shares in the company, valued at $904,554.30. This represents a 42.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 12.91% of the company’s stock.

Institutional Trading of Cactus

A number of hedge funds have recently made changes to their positions in WHD. Advisors Asset Management Inc. raised its stake in shares of Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after purchasing an additional 543 shares during the period. AQR Capital Management LLC grew its position in shares of Cactus by 101.1% during the first quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock worth $524,000 after buying an additional 5,745 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cactus by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock worth $1,819,000 after buying an additional 1,733 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Cactus during the first quarter worth approximately $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cactus by 26.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after purchasing an additional 46,835 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.