Zacks Research Issues Positive Estimate for Cactus Earnings

Key Points

• Zacks Research has increased its Q2 2027 earnings per share estimate for Cactus to $0.77, up from $0.76, despite maintaining a "Strong Sell" rating on the stock.
• Cactus recently announced a quarterly dividend increase to $0.14 per share, reflecting a commitment to returning value to shareholders.
• Institutional investors now hold 85.11% of Cactus shares, indicating significant confidence and interest from larger investment entities.

Cactus, Inc. (NYSE:WHD - Free Report) - Investment analysts at Zacks Research boosted their Q2 2027 earnings per share (EPS) estimates for Cactus in a report released on Tuesday, September 9th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.77 for the quarter, up from their prior forecast of $0.76. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Cactus' current full-year earnings is $3.08 per share.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.66 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 company had revenue of $273.58 million during the quarter, compared to the consensus estimate of $280.28 million. During the same period in the previous year, the business earned $0.81 earnings per share. Cactus's revenue was down 5.8% on a year-over-year basis.

Other equities analysts have also issued reports about the company. Wall Street Zen raised Cactus from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Barclays reiterated an "overweight" rating and issued a $52.00 price objective (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price objective on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, Stifel Nicolaus lowered their price objective on Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $50.75.

Cactus Stock Performance

Shares of Cactus stock traded up $0.49 during trading hours on Thursday, reaching $40.32. The company had a trading volume of 132,494 shares, compared to its average volume of 710,620. Cactus has a one year low of $33.80 and a one year high of $70.01. The business has a fifty day simple moving average of $42.21 and a 200 day simple moving average of $42.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48. The firm has a market cap of $3.22 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 3.77 and a beta of 1.53.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a $0.14 dividend. This is an increase from Cactus's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. Cactus's dividend payout ratio (DPR) is presently 21.13%.

Insider Activity at Cactus

In other news, EVP William D. Marsh sold 10,172 shares of Cactus stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at approximately $458,156.16. The trade was a 47.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.84% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. grew its stake in shares of Cactus by 7.1% in 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 during the last quarter. State Street Corp grew its stake in shares of Cactus by 0.7% in the second quarter. State Street Corp now owns 2,774,526 shares of the company's stock worth $121,302,000 after purchasing an additional 18,104 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cactus by 2.6% in the second quarter. Geode Capital Management LLC now owns 1,912,393 shares of the company's stock worth $83,618,000 after purchasing an additional 48,562 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Cactus by 12.1% in the first quarter. Wellington Management Group LLP now owns 1,508,103 shares of the company's stock worth $69,116,000 after purchasing an additional 162,374 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Cactus by 5.2% in the second quarter. First Trust Advisors LP now owns 1,349,868 shares of the company's stock worth $59,016,000 after purchasing an additional 66,591 shares during the last quarter. Hedge funds and other 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.