Zacks Research Estimates Cactus' FY2025 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD - Free Report) - Stock analysts at Zacks Research cut their FY2025 earnings per share (EPS) estimates for Cactus in a research report issued to clients and investors on Wednesday, May 14th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $3.08 for the year, down from their previous forecast of $3.09. The consensus estimate for Cactus' current full-year earnings is $3.08 per share.

Cactus (NYSE:WHD - Get Free Report) last announced 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 company had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Cactus's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus reduced their price target on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, Barclays reduced their price target on Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.33.

Cactus Stock Performance

WHD stock traded up $0.10 during trading on Monday, hitting $41.54. 740,547 shares of the company traded hands, compared to its average volume of 798,033. The stock's 50-day simple moving average is $41.05 and its 200 day simple moving average is $53.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a market cap of $3.32 billion, a PE ratio of 14.73, a P/E/G ratio of 5.13 and a beta of 1.50. Cactus has a 1 year low of $33.80 and a 1 year high of $70.01.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, June 2nd. Cactus's dividend payout ratio (DPR) is presently 18.51%.

Institutional Trading of Cactus

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Cactus by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock valued at $448,247,000 after buying an additional 147,395 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Cactus by 7.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,947,835 shares of the company's stock worth $135,100,000 after purchasing an additional 195,496 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cactus by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock worth $105,308,000 after purchasing an additional 45,821 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Cactus by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock worth $104,901,000 after purchasing an additional 9,884 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Cactus by 14.8% during the fourth quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after purchasing an additional 218,004 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

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.