Cactus (NYSE:WHD) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Cactus (NYSE:WHD - Get Free Report) issued its earnings results on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.08, Briefing.com reports. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The business had revenue of $274.12 million during the quarter, compared to analysts' expectations of $270.70 million. During the same period in the prior year, the firm posted $0.64 EPS. Cactus's quarterly revenue was up 20.0% compared to the same quarter last year.

Cactus Trading Up 3.6 %

Shares of Cactus stock traded up $1.76 during trading on Thursday, reaching $51.30. 623,669 shares of the company were exchanged, compared to its average volume of 604,563. Cactus has a twelve month low of $31.36 and a twelve month high of $57.00. The company has a quick ratio of 2.00, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 8.93 and a beta of 1.95. The business has a 50-day moving average price of $49.10 and a 200-day moving average price of $45.63.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America increased their price objective on Cactus from $40.00 to $43.00 and gave the company an "underperform" rating in a research report on Monday, April 15th. Benchmark lowered Cactus from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus decreased their price objective on Cactus from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $55.29.

Insider Buying and Selling at Cactus

In other Cactus news, EVP William D. Marsh sold 1,700 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the transaction, the executive vice president now directly owns 3,911 shares of the company's stock, valued at $180,688.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Scott Bender sold 78,000 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the sale, the chief executive officer now owns 20 shares in the company, valued at $915.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William D. Marsh sold 1,700 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares in the company, valued at approximately $180,688.20. The disclosure for this sale can be found here. Insiders own 17.72% 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.