Zacks Research Has Optimistic Outlook of Cactus Q2 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) - Research analysts at Zacks Research increased their Q2 2027 EPS estimates for Cactus in a note issued to investors on Tuesday, September 9th. Zacks Research analyst Team now anticipates that the company will earn $0.77 per share for the quarter, up from their prior forecast of $0.76. Zacks Research has a "Strong Sell" rating on the stock. The consensus estimate for Cactus' current full-year earnings is $3.08 per share.

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

Cactus Trading Up 1.3%

NYSE WHD opened at $41.43 on Thursday. The firm has a market capitalization of $3.31 billion, a PE ratio of 15.63, a P/E/G ratio of 3.86 and a beta of 1.53. The stock's 50 day moving average is $42.46 and its 200 day moving average is $43.14. Cactus has a twelve month low of $33.80 and a twelve month high of $70.01. The company has a quick ratio of 3.48, a current ratio of 4.85 and a debt-to-equity ratio of 0.01.

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

Cactus Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Cactus's previous quarterly dividend of $0.13. Cactus's dividend payout ratio is 21.13%.

Insider Buying and Selling at Cactus

In other news, EVP William D. Marsh sold 10,172 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total transaction of $420,307.04. Following the transaction, the executive vice president directly owned 11,088 shares of the company's stock, valued at $458,156.16. This represents a 47.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cactus

Several hedge funds and other institutional investors have recently bought and sold shares of WHD. Osaic Holdings Inc. grew its stake in shares of Cactus by 4,927.3% in the second quarter. Osaic Holdings Inc. now owns 19,858 shares of the company's stock worth $868,000 after acquiring an additional 19,463 shares during the period. Thrivent Financial for Lutherans grew its position in Cactus by 1.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 81,233 shares of the company's stock worth $3,551,000 after purchasing an additional 1,380 shares during the period. Cim LLC purchased a new stake in Cactus during the 2nd quarter valued at $218,000. Public Sector Pension Investment Board lifted 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 valued at $10,203,000 after buying an additional 22,002 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Cactus by 0.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company's stock worth $2,532,000 after buying an additional 269 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Cactus Company Profile

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.

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