Zacks Research Has Positive Outlook for Cactus Q1 Earnings

Cactus, Inc. (NYSE:WHD) – Investment analysts at Zacks Research raised their Q1 2028 earnings estimates for shares of Cactus in a report released on Monday, September 7th. Zacks Research analyst Team now anticipates that the company will earn $1.01 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for Cactus’ current full-year earnings is $3.12 per share. Zacks Research also issued estimates for Cactus’ FY2028 earnings at $4.06 EPS.

WHD has been the topic of several other reports. Citigroup cut Cactus from a “buy” rating to a “neutral” rating and raised their target price for the stock from $67.00 to $75.00 in a research note on Thursday, August 20th. Wall Street Zen upgraded Cactus from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Piper Sandler increased their price objective on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Stifel Nicolaus lifted their price objective on Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Barclays upped their target price on Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cactus currently has a consensus rating of “Hold” and a consensus target price of $66.80.

Cactus Stock Performance

Shares of NYSE:WHD opened at $69.58 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $62.62 and a 200-day moving average price of $57.03. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 59.47, a price-to-earnings-growth ratio of 2.47 and a beta of 1.37. Cactus has a 12 month low of $33.20 and a 12 month high of $74.07.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The business had revenue of $449.53 million for the quarter, compared to analyst estimates of $400.82 million. During the same quarter last year, the firm earned $0.66 EPS. The company’s revenue was up 64.3% on a year-over-year basis.

Institutional Trading of Cactus

A number of hedge funds have recently made changes to their positions in the stock. Maryland State Retirement & Pension System grew its stake in shares of Cactus by 2.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 10,066 shares of the company’s stock worth $460,000 after buying an additional 208 shares during the last quarter. Covestor Ltd raised its stake in Cactus by 8.6% during the fourth quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $126,000 after buying an additional 219 shares during the last quarter. Arizona State Retirement System boosted its holdings in Cactus by 1.3% in the second quarter. Arizona State Retirement System now owns 19,154 shares of the company’s stock worth $981,000 after acquiring an additional 242 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Cactus by 0.5% in the second quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock worth $2,532,000 after acquiring an additional 269 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Cactus by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after acquiring an additional 300 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Cactus

In other Cactus news, CEO Scott Bender sold 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $63.89, for a total value of $6,389,000.00. Following the sale, the chief executive officer owned 120,527 shares in the company, valued at approximately $7,700,470.03. This represents a 45.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steven Bender sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $67.65, for a total transaction of $1,691,250.00. Following the transaction, the chief executive officer directly owned 99,241 shares of the company’s stock, valued at $6,713,653.65. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 363,455 shares of company stock valued at $23,298,764 in the last quarter. 12.91% of the stock is owned by insiders.

Cactus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 31st. This is a positive change from Cactus’s previous quarterly dividend of $0.14. Cactus’s dividend payout ratio (DPR) is 51.28%.

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