Cactus (WHD) to Release Quarterly Earnings on Wednesday

Cactus (NYSE:WHD - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Cactus to post earnings of $0.72 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The company had revenue of $274.87 million for the quarter, compared to the consensus estimate of $268.56 million. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The firm's quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. 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 %

Shares of WHD stock traded down $0.26 during trading hours on Wednesday, reaching $52.32. The company had a trading volume of 692,965 shares, compared to its average volume of 610,883. The company has a 50 day moving average of $48.30 and a 200 day moving average of $45.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 9.21 and a beta of 1.96. Cactus has a 1-year low of $31.36 and a 1-year high of $57.00.

Insiders Place Their Bets

In other Cactus news, EVP William D. Marsh sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares in the company, valued at $180,688.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP William D. Marsh sold 1,700 shares of Cactus stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares in the company, valued at $180,688.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Scott Bender sold 78,000 shares of Cactus stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the sale, the chief executive officer now owns 20 shares of the company's stock, valued at $915.80. The disclosure for this sale can be found here. Company insiders own 16.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on Cactus from $40.00 to $43.00 and gave the company an "underperform" rating in a research note on Monday, April 15th. Benchmark downgraded Cactus from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus dropped their price objective on Cactus from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $55.29.

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.