Zacks Research Has Pessimistic Outlook of Cactus Q2 Earnings

Key Points

• Zacks Research has reduced its earnings estimates for Cactus, Inc., projecting Q2 2026 earnings per share to be $0.76, slightly down from its previous estimate of $0.77.
• Despite a recent increase in its quarterly dividend from $0.13 to $0.14, Cactus' revenue fell by 5.8% year-over-year to $273.58 million, missing analyst expectations.
• Analysts have mixed ratings on Cactus stock, with a consensus rating of "Hold" and a target price averaging $50.75, indicating a cautious outlook on future performance.

Cactus, Inc. (NYSE:WHD - Free Report) - Equities researchers at Zacks Research decreased their Q2 2026 earnings per share estimates for Cactus in a report released on Tuesday, September 2nd. Zacks Research analyst Team now anticipates that the company will earn $0.76 per share for the quarter, down from their prior forecast of $0.77. 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 $0.76 EPS.

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

Cactus Stock Performance

Shares of NYSE WHD traded down $0.61 during trading hours on Friday, reaching $42.75. The stock had a trading volume of 776,135 shares, compared to its average volume of 613,955. The business's fifty day moving average is $42.66 and its two-hundred day moving average is $43.28. 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 company has a market cap of $3.41 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 4.02 and a beta of 1.53. Cactus has a twelve month low of $33.80 and a twelve month high of $70.01.

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 business had revenue of $273.58 million during the quarter, compared to the consensus estimate of $280.28 million. During the same period in the prior year, the company 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 firm 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 dividend of $0.14 per share. This is a boost from Cactus's previous quarterly dividend of $0.13. The ex-dividend date is Friday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. Cactus's dividend payout ratio (DPR) is presently 21.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WHD. Northern Trust Corp boosted its stake in shares of Cactus by 10.4% during the 4th quarter. Northern Trust Corp now owns 724,891 shares of the company's stock worth $42,305,000 after acquiring an additional 68,473 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Cactus by 0.8% during the 4th quarter. Ameriprise Financial Inc. now owns 292,946 shares of the company's stock worth $17,096,000 after acquiring an additional 2,238 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Cactus during the 4th quarter worth approximately $1,166,000. Deutsche Bank AG boosted its stake in shares of Cactus by 48.9% during the 4th quarter. Deutsche Bank AG now owns 58,547 shares of the company's stock worth $3,417,000 after acquiring an additional 19,218 shares during the period. Finally, Ethic Inc. bought a new position in shares of Cactus during the 4th quarter worth approximately $329,000. 85.11% of the stock is currently owned by institutional investors.

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.