Zacks Research Issues Optimistic Outlook for Cactus Earnings

Key Points

• Zacks Research raised its Cactus Q3 2026 EPS forecast to $0.80 from $0.77 and lifted its FY2026 estimate to $3.15, above the broader consensus of $3.05.
• 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.
• Despite the optimistic earnings outlook, analysts maintain a consensus “Hold” rating with a $66.40 price target, while company insiders sold approximately $29.5 million of stock over the past three months.

Cactus, Inc. (NYSE:WHD - Free Report) - Analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for Cactus in a research note issued on Monday, October 5th. Zacks Research analyst Team now forecasts that the company will earn $0.80 per share for the quarter, up from their prior estimate of $0.77. The consensus estimate for Cactus' current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Cactus' Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $3.15 EPS, Q2 2027 earnings at $0.79 EPS and Q3 2027 earnings at $0.81 EPS.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping 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 analysts' expectations of $400.82 million. During the same quarter last year, the firm earned $0.66 EPS. The business's quarterly revenue was up 64.3% on a year-over-year basis.

A number of other brokerages have also weighed in on WHD. Stifel Nicolaus boosted their price target on Cactus from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Piper Sandler increased their price objective on shares of Cactus from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cactus in a research note on Tuesday, September 8th. Citigroup dropped their target price on shares of Cactus from $75.00 to $73.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 30th. Finally, Wall Street Zen upgraded shares of Cactus from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $66.40.

Cactus Trading Down 0.8%

Shares of NYSE:WHD opened at $64.24 on Wednesday. The business's 50-day moving average is $67.78 and its 200 day moving average is $59.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 1.81. Cactus has a 1 year low of $33.20 and a 1 year high of $74.07. The firm has a market capitalization of $5.15 billion, a P/E ratio of 54.91, a P/E/G ratio of 1.75 and a beta of 1.42.

Institutional Inflows and Outflows

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

Insider Transactions at Cactus

In related news, CEO Stephen Tadlock sold 38,455 shares of the company'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 sale, the chief executive officer owned 43,178 shares in the company, valued at $2,754,756.40. This represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Joel Bender sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $70.37, for a total transaction of $7,037,000.00. Following the completion of the transaction, the president owned 41,519 shares in the company, valued at approximately $2,921,692.03. This trade represents a 70.66% 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. Over the last three months, insiders sold 463,455 shares of company stock worth $29,495,764. 12.91% of the stock is owned by company insiders.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Cactus's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, August 31st. Cactus's dividend payout ratio is presently 51.28%.

Key Stories Impacting Cactus

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Zacks increased its Q3 2026 EPS estimate to $0.80 from $0.77, Q4 2026 to $0.72 from $0.70, and full-year 2026 to $3.15 from $3.10. The revised FY2026 forecast is above the broader consensus estimate of $3.05. Zacks Research Has Positive Outlook for Cactus Q1 Earnings
• Positive Sentiment: Forecasts for 2027 were also raised: Q1 EPS increased to $0.77 from $0.76, Q4 to $0.84 from $0.83, and full-year EPS to $3.21 from $3.16. This suggests analysts expect earnings growth to continue.
• Positive Sentiment: Zacks lifted its 2028 outlook, including Q1 EPS to $1.02 from $1.01 and full-year EPS to $4.12 from $4.06. The revisions imply stronger long-term earnings momentum, although the reported consensus estimate for FY2028 remains $4.12.
• Positive Sentiment: Additional increases raised Q2 2027 EPS to $0.79 from $0.78 and Q3 2027 EPS to $0.81 from $0.80, reinforcing the generally favorable analyst view.
• Neutral Sentiment: The revisions are relatively small and come from one research firm, so they may have limited impact unless confirmed by broader analyst changes or stronger company results.

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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