Cactus Stock Gets Increased EPS Estimate from Zacks Research

Key Points

• Zacks Research raised Cactus’s Q1 2027 EPS estimate to $0.77 from $0.76, while forecasting full-year 2027 EPS of $3.21 and 2028 EPS of $4.12.
• Cactus recently exceeded quarterly expectations, reporting $0.93 EPS versus the $0.64 consensus and revenue of $449.53 million, up 64.3% year over year. The company also increased its quarterly dividend to $0.15 per share.
• Analyst sentiment remains mixed, with an overall “Hold” rating and average price target of $66.40. Meanwhile, insiders sold approximately $29.5 million of stock during the last quarter, despite institutional investors owning 85.11% of shares.

Cactus, Inc. (NYSE:WHD - Free Report) - Equities researchers at Zacks Research increased their Q1 2027 earnings estimates for shares of Cactus in a report issued on Monday, October 5th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.77 per share for the quarter, up from their previous forecast of $0.76. The consensus estimate for Cactus' current full-year earnings is $3.12 per share. Zacks Research also issued estimates for Cactus' Q4 2027 earnings at $0.84 EPS, FY2027 earnings at $3.21 EPS, Q1 2028 earnings at $1.02 EPS, Q2 2028 earnings at $1.00 EPS, Q3 2028 earnings at $1.02 EPS and FY2028 earnings at $4.12 EPS.

A number of other analysts also recently issued reports on WHD. Stifel Nicolaus lifted their price objective on Cactus from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Citigroup lowered their target price on Cactus from $75.00 to $73.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Wall Street Zen raised shares of Cactus from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings restated a "hold (c)" rating on shares of Cactus in a research report on Tuesday, September 8th. Finally, Barclays upped their price target on shares of Cactus from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $66.40.

Cactus Price Performance

NYSE:WHD opened at $64.77 on Tuesday. The business's 50-day moving average is $67.56 and its 200 day moving average is $58.96. Cactus has a 12 month low of $33.20 and a 12 month high of $74.07. The company has a market capitalization of $5.19 billion, a P/E ratio of 55.36, a P/E/G ratio of 2.24 and a beta of 1.42. The company has a current ratio of 2.59, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.29. Cactus had a return on equity of 16.66% and a net margin of 6.01%.The firm had revenue of $449.53 million during the quarter, compared to analyst estimates of $400.82 million. During the same quarter last year, the business posted $0.66 earnings per share. The business's quarterly revenue was up 64.3% compared to the same quarter last year.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. This is a boost from Cactus's previous quarterly dividend of $0.14. The ex-dividend date was Monday, August 31st. Cactus's dividend payout ratio (DPR) is currently 51.28%.

Insider Buying and Selling

In other news, CEO Stephen Tadlock sold 38,455 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $63.80, for a total value of $2,453,429.00. Following the completion of the sale, the chief executive officer directly owned 43,178 shares of the company's stock, valued at $2,754,756.40. This trade represents a 47.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott Bender sold 100,000 shares of Cactus stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $61.97, for a total value of $6,197,000.00. Following the completion of the transaction, the chief executive officer owned 120,527 shares of the company's stock, valued at approximately $7,469,058.19. This trade represents a 45.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 463,455 shares of company stock valued at $29,495,764 over the last quarter. Company insiders own 12.91% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Cactus during the second quarter valued at approximately $35,000. Harbor Investment Advisory LLC bought a new position in shares of Cactus during the second quarter valued at approximately $58,000. Parkside Financial Bank & Trust raised its holdings in shares of Cactus by 474.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,465 shares of the company's stock worth $75,000 after buying an additional 1,210 shares during the period. GAMMA Investing LLC raised its holdings in shares of Cactus by 29.5% in the second quarter. GAMMA Investing LLC now owns 2,532 shares of the company's stock worth $130,000 after buying an additional 577 shares during the period. Finally, Nykredit A S bought a new stake in shares of Cactus during the 2nd quarter worth approximately $133,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Company Profile

Cactus, Inc is an oilfield equipment company that designs, manufactures, sells and rents wellhead and pressure control equipment for onshore oil and gas producers. Its products are used throughout the life cycle of a well, from drilling and completion to production and workover operations.

The company's offerings include conventional and automated wellheads, production trees, frac stacks, zipper manifolds and other pressure control systems. Cactus also provides equipment installation, field service, maintenance, rental and monitoring services intended to help operators improve wellsite safety, efficiency and control.

Founded in 2011 and headquartered in Houston, Texas, Cactus primarily serves oil and gas customers in North America and select international markets.

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