Zacks Research Equities Analysts Raise Earnings Estimates for Cactus, Inc. (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of Cactus in a note issued to investors on Wednesday, September 18th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $3.03 for the year, up from their prior forecast of $3.01. The consensus estimate for Cactus’ current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Cactus’ Q2 2025 earnings at $0.79 EPS and Q4 2025 earnings at $0.90 EPS.

Several other research analysts have also recently weighed in on WHD. Barclays boosted their target price on Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Johnson Rice cut Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. Citigroup raised their target price on Cactus from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Piper Sandler lowered their price target on shares of Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.00.

Cactus Stock Performance

NYSE WHD opened at $63.46 on Friday. The stock’s 50 day simple moving average is $58.96 and its 200-day simple moving average is $53.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.75 and a quick ratio of 2.59. The company has a market cap of $5.05 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.15 and a beta of 1.95. Cactus has a 1-year low of $37.58 and a 1-year high of $64.96.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The business had revenue of $290.39 million for the quarter, compared to the consensus estimate of $276.76 million. During the same period last year, the firm posted $0.84 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year.

Institutional Trading of Cactus

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Securities Inc. purchased a new stake in shares of Cactus in the 4th quarter valued at approximately $30,000. GAMMA Investing LLC boosted its position in shares of Cactus by 27.5% during the first quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock worth $50,000 after buying an additional 217 shares during the period. TFO Wealth Partners LLC grew its stake in shares of Cactus by 221,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,214 shares of the company’s stock valued at $101,000 after buying an additional 2,213 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cactus in the first quarter valued at $115,000. Finally, Covestor Ltd raised its holdings in shares of Cactus by 251.8% in the 1st quarter. Covestor Ltd now owns 2,508 shares of the company’s stock valued at $126,000 after buying an additional 1,795 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Monday, August 26th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, August 26th. This is a positive change from Cactus’s previous quarterly dividend of $0.12. Cactus’s dividend payout ratio is 20.72%.

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.