Cactus (WHD) to Release Quarterly Earnings on Wednesday

Cactus (NYSE:WHD - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 30th. Analysts expect Cactus to post earnings of $0.69 per share and revenue of $280.28 million for the quarter.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The business had revenue of $280.32 million for the quarter, compared to analysts' expectations of $272.22 million. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, analysts expect Cactus to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cactus Trading Down 0.5%

NYSE:WHD traded down $0.22 during trading hours on Friday, hitting $46.11. The company had a trading volume of 342,616 shares, compared to its average volume of 708,918. The company has a market capitalization of $3.68 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 4.07 and a beta of 1.48. The stock has a 50-day moving average price of $44.26 and a 200 day moving average price of $47.73. 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 current ratio of 4.85 and a quick ratio of 3.47.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, June 2nd. Cactus's dividend payout ratio (DPR) is currently 18.51%.

Hedge Funds Weigh In On Cactus

Several large investors have recently modified their holdings of WHD. Advisors Asset Management Inc. raised its position in shares of Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock worth $47,000 after purchasing an additional 543 shares during the last quarter. AQR Capital Management LLC raised its position in Cactus by 101.1% in the 1st 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cactus by 4.6% in the 1st 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 during the last quarter. United Services Automobile Association purchased a new position in Cactus in the 1st quarter worth about $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cactus by 26.0% in the 1st 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 buying an additional 46,835 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WHD shares. JPMorgan Chase & Co. lowered their price objective on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Stifel Nicolaus lowered their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Barclays lowered their price objective on Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Friday, June 20th.

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.