Equities research analysts predict that Cactus, Inc. (NYSE:WHD) will report sales of $122.15 million for the current quarter, according to Zacks. Two analysts have made estimates for Cactus’ earnings, with the highest sales estimate coming in at $122.40 million and the lowest estimate coming in at $121.90 million. Cactus reported sales of $68.09 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 79.4%. The firm is expected to announce its next earnings report on Wednesday, February 23rd.
On average, analysts expect that Cactus will report full year sales of $431.55 million for the current year, with estimates ranging from $430.50 million to $433.15 million. For the next financial year, analysts expect that the business will post sales of $603.11 million, with estimates ranging from $573.94 million to $623.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Cactus.
Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, November 3rd. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. Cactus had a return on equity of 5.33% and a net margin of 10.02%. During the same period last year, the company posted $0.13 EPS.
Hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new stake in shares of Cactus in the second quarter worth $28,000. Point72 Hong Kong Ltd bought a new stake in shares of Cactus in the third quarter worth $44,000. PNC Financial Services Group Inc. grew its holdings in shares of Cactus by 55.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,803 shares of the company’s stock worth $68,000 after acquiring an additional 643 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Cactus in the second quarter worth $73,000. Finally, Captrust Financial Advisors grew its holdings in Cactus by 157.8% during the first quarter. Captrust Financial Advisors now owns 2,526 shares of the company’s stock valued at $77,000 after purchasing an additional 1,546 shares during the period. Hedge funds and other institutional investors own 77.10% of the company’s stock.
Shares of WHD traded down $0.55 on Friday, reaching $38.51. The stock had a trading volume of 164,790 shares, compared to its average volume of 413,068. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 59.25 and a beta of 2.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.24 and a current ratio of 5.59. The company has a 50-day simple moving average of $40.49 and a 200-day simple moving average of $38.07. Cactus has a 12-month low of $23.03 and a 12-month high of $46.94.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 16th. Stockholders of record on Monday, November 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, November 26th. Cactus’s dividend payout ratio is currently 61.54%.
Cactus Company Profile
Cactus, Inc is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. Its products include Cactus SafeDrill wellhead systems as well as frac stacks, Cactus SafeLink monobore, SafeClamp and SafeInject systems. It also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the wellhead and pressure control equipment.
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