Zacks Research Issues Optimistic Outlook for Cactus Earnings

Key Points

• Zacks Research raised near-term EPS estimates for Cactus (Q1 2026 EPS to $0.64 from $0.60) but maintained a Hold rating and projects FY2026 EPS of $2.70, which is notably below the street consensus of ~$3.08, signaling modest optimism with limited conviction.
• Cactus recently beat quarterly expectations with $0.65 EPS (vs. $0.58 consensus) and $261.2M revenue (vs. $250.6M), pays a $0.14 quarterly dividend (≈1.1% yield), and carries a consensus price target near $56.33 amid mixed analyst ratings.
• Insider activity shows significant selling (the president sold 106,809 shares; ~200,000 insider shares sold in the past three months) even as institutional ownership is high (~85%) and several large funds increased their stakes.

Cactus, Inc. (NYSE:WHD - Free Report) - Zacks Research lifted their Q1 2026 earnings estimates for Cactus in a note issued to investors on Tuesday, April 14th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.64 for the quarter, up from their prior estimate of $0.60. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Cactus' current full-year earnings is $3.08 per share. Zacks Research also issued estimates for Cactus' Q2 2026 earnings at $0.66 EPS, FY2026 earnings at $2.70 EPS and Q4 2027 earnings at $0.83 EPS.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Cactus had a return on equity of 15.18% and a net margin of 15.39%.The firm had revenue of $261.20 million during the quarter, compared to the consensus estimate of $250.60 million. During the same period last year, the company earned $0.71 earnings per share. The company's revenue for the quarter was down 4.0% on a year-over-year basis.

Several other equities research analysts also recently weighed in on WHD. Citigroup increased their price target on Cactus from $55.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Barclays increased their price target on Cactus from $56.00 to $62.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Piper Sandler assumed coverage on Cactus in a report on Tuesday, February 24th. They set an "overweight" rating and a $73.00 price target for the company. Wall Street Zen downgraded Cactus from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cactus in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cactus has a consensus rating of "Moderate Buy" and a consensus price target of $56.33.

Cactus Price Performance

Shares of NYSE WHD opened at $53.21 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.81 and a quick ratio of 4.13. The stock has a fifty day moving average price of $51.85 and a 200 day moving average price of $47.30. Cactus has a 1-year low of $33.20 and a 1-year high of $59.25. The company has a market cap of $4.25 billion, a PE ratio of 22.17, a P/E/G ratio of 2.26 and a beta of 1.31.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, March 2nd. Cactus's payout ratio is 23.33%.

Insider Activity

In other news, President Joel Bender sold 106,809 shares of Cactus stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $49.92, for a total transaction of $5,331,905.28. Following the completion of the transaction, the president owned 27,793 shares of the company's stock, valued at $1,387,426.56. The trade was a 79.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 200,000 shares of company stock worth $10,039,080. Insiders own 12.91% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Cactus by 20.0% during the 4th quarter. Wellington Management Group LLP now owns 3,963,961 shares of the company's stock worth $181,074,000 after buying an additional 659,366 shares during the last quarter. State Street Corp raised its stake in shares of Cactus by 3.0% during the 4th quarter. State Street Corp now owns 2,844,994 shares of the company's stock worth $129,959,000 after buying an additional 83,190 shares during the last quarter. Capital International Investors raised its stake in shares of Cactus by 27.0% during the 4th quarter. Capital International Investors now owns 2,343,731 shares of the company's stock worth $107,062,000 after buying an additional 498,210 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cactus by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,964,059 shares of the company's stock worth $89,729,000 after buying an additional 28,415 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Cactus by 17.4% during the 4th quarter. First Trust Advisors LP now owns 1,839,336 shares of the company's stock worth $84,021,000 after buying an additional 272,452 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Key Stories Impacting Cactus

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Zacks Research raised several near-term and multi-year EPS forecasts for Cactus (small but consistent increases to Q1 2026, Q2 2026, Q4 2026/Q4 2027 and FY2027/FY2028 estimates). These upward revisions support a healthier earnings trajectory and help explain buying interest in WHD today.
• Neutral Sentiment: Zacks continues to carry a "Hold" rating on WHD — the upgrades are modest and the analyst stance remains cautious, suggesting limited conviction behind larger price moves.
• Neutral Sentiment: Cactus announced its Q1 2026 earnings release after market close on May 6, 2026, with a conference call on May 7 (a scheduled catalyst that could drive volatility around the dates). Cactus Announces Timing of First Quarter 2026 Earnings Release and Conference Call
• Negative Sentiment: Despite the raises, Zacks' FY2026 EPS projection ($2.70) remains below the consensus estimate (~$3.08). That gap suggests analysts still expect near-term headwinds relative to the street, which could cap upside if the company doesn't beat that lower expectation materially.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.

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