Zacks Research Has Positive Forecast for Cactus Q2 Earnings

Key Points

• Zacks Research has increased its Q2 2026 earnings per share estimate for Cactus, Inc. to $0.77, slightly up from the previous forecast of $0.76.
• Several analysts have adjusted their price targets for Cactus, with JPMorgan Chase lowering it from $52.00 to $50.00, while Barclays and Stifel Nicolaus reiterated their ratings but also reduced their targets.
• Cactus has recently announced a quarterly dividend increase to $0.14 per share, reflecting a positive change from the previous $0.13 dividend, with a yield of 1.4%.

Cactus, Inc. (NYSE:WHD - Free Report) - Equities researchers at Zacks Research boosted their Q2 2026 earnings estimates for shares of Cactus in a research report issued on Wednesday, August 13th. Zacks Research analyst Team now expects that the company will earn $0.77 per share for the quarter, up from their prior estimate of $0.76. The consensus estimate for Cactus' current full-year earnings is $3.08 per share. Zacks Research also issued estimates for Cactus' Q1 2027 earnings at $0.81 EPS and Q2 2027 earnings at $0.84 EPS.

A number of other equities research analysts have also recently issued reports on the company. Barclays reiterated an "overweight" rating and issued a $52.00 target price (down from $53.00) on shares of Cactus in a research note on Monday, August 4th. JPMorgan Chase & Co. decreased their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Wall Street Zen lowered shares of Cactus from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Stifel Nicolaus cut their target price on shares of Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $50.75.

Cactus Stock Performance

Shares of Cactus stock remained flat at $39.71 during trading on Friday. 67,936 shares of the stock were exchanged, compared to its average volume of 722,286. The firm has a market capitalization of $3.17 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 3.73 and a beta of 1.48. The firm's fifty day simple moving average is $43.94 and its two-hundred day simple moving average is $45.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 4.85. Cactus has a 1-year low of $33.80 and a 1-year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Cactus had a return on equity of 17.34% and a net margin of 16.19%. The business had revenue of $273.58 million for the quarter, compared to analysts' expectations of $280.28 million. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm's revenue was down 5.8% compared to the same quarter last year.

Cactus Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, August 29th. This is a boost from Cactus's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. Cactus's dividend payout ratio is 19.62%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board boosted its holdings in shares of Cactus by 10.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 233,365 shares of the company's stock worth $10,203,000 after buying an additional 22,002 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Cactus by 0.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company's stock valued at $2,532,000 after acquiring an additional 269 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Cactus by 241.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,763 shares of the company's stock worth $252,000 after acquiring an additional 4,075 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Cactus during the 2nd quarter worth approximately $204,000. Finally, Vident Advisory LLC lifted its holdings in shares of Cactus by 55.1% during the 2nd quarter. Vident Advisory LLC now owns 37,999 shares of the company's stock worth $1,661,000 after acquiring an additional 13,494 shares during the period. Institutional investors own 85.11% 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.