Zacks Research Issues Negative Forecast for Cactus Earnings

Cactus, Inc. (NYSE:WHD - Free Report) - Equities research analysts at Zacks Research lowered their Q1 2026 earnings estimates for shares of Cactus in a report released on Monday, July 14th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.72 for the quarter, down from their prior estimate of $0.78. The consensus estimate for Cactus' current full-year earnings is $3.08 per share. Zacks Research also issued estimates for Cactus' Q4 2026 earnings at $0.71 EPS, Q1 2027 earnings at $0.80 EPS and Q2 2027 earnings at $0.91 EPS.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Stifel Nicolaus lowered their price objective on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Barclays lowered their price objective on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Friday, June 20th.

Cactus Trading Down 1.4%

NYSE:WHD traded down $0.62 during mid-day trading on Wednesday, hitting $42.72. 530,700 shares of the company's stock were exchanged, compared to its average volume of 695,410. The company has a 50 day simple moving average of $44.04 and a 200-day simple moving average of $48.37. The company has a current ratio of 4.85, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01. Cactus has a fifty-two week low of $33.80 and a fifty-two week high of $70.01. The firm has a market capitalization of $3.41 billion, a P/E ratio of 15.20, a PEG ratio of 3.83 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The business had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. During the same period last year, the company earned $0.75 EPS. The firm's revenue was up 2.3% compared to the same quarter last year.

Institutional Trading of Cactus

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oarsman Capital Inc. purchased a new position in Cactus during the 4th quarter worth $26,000. Jones Financial Companies Lllp lifted its holdings in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after purchasing an additional 337 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock valued at $47,000 after purchasing an additional 543 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Cactus during the first quarter valued at about $57,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Cactus during the fourth quarter valued at about $76,000. Institutional investors own 85.11% of the company's stock.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.22%. Cactus's dividend payout ratio is currently 18.51%.

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.