Q4 2024 Earnings Estimate for Cactus, Inc. Issued By Zacks Research (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Equities research analysts at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for Cactus in a research note issued to investors on Wednesday, September 18th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.73 per share for the quarter, up from their previous forecast of $0.72. The consensus estimate for Cactus’ current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Cactus’ Q1 2025 earnings at $0.80 EPS, FY2025 earnings at $3.29 EPS and Q1 2026 earnings at $0.81 EPS.

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

Cactus Stock Up 1.6 %

Shares of NYSE:WHD opened at $63.46 on Monday. The company has a market capitalization 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. 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 business has a fifty day moving average price of $58.96 and a two-hundred day moving average price of $53.54.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 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 firm had revenue of $290.39 million during the quarter, compared to analyst estimates of $276.76 million. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis.

Cactus Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, August 26th. This is a boost from Cactus’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.82%. Cactus’s dividend payout ratio is currently 20.72%.

Institutional Investors Weigh In On Cactus

Institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in Cactus in the fourth quarter worth $30,000. GAMMA Investing LLC boosted its position in shares of Cactus by 27.5% in the 1st quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock worth $50,000 after purchasing an additional 217 shares in the last quarter. TFO Wealth Partners LLC grew its stake in shares of Cactus by 221,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,214 shares of the company’s stock worth $101,000 after buying an additional 2,213 shares during the last quarter. SG Americas Securities LLC bought a new position in Cactus during the 1st quarter valued at approximately $115,000. Finally, Covestor Ltd raised its stake in Cactus by 251.8% during the first 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 last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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.