Zacks Research Has Optimistic Outlook of Cactus Q2 Earnings

Cactus, Inc. (NYSE:WHD) – Stock analysts at Zacks Research upped their Q2 2026 earnings per share estimates for shares of Cactus in a report issued on Wednesday, May 20th. Zacks Research analyst Team now expects that the company will earn $0.70 per share for the quarter, up from their previous forecast of $0.66. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cactus’ current full-year earnings is $2.88 per share. Zacks Research also issued estimates for Cactus’ Q4 2026 earnings at $0.71 EPS, FY2026 earnings at $2.83 EPS, Q2 2027 earnings at $0.85 EPS, Q3 2027 earnings at $0.81 EPS, Q4 2027 earnings at $0.90 EPS, FY2027 earnings at $3.42 EPS, Q1 2028 earnings at $0.96 EPS and FY2028 earnings at $3.81 EPS.

Other research analysts have also recently issued reports about the company. Citigroup lifted their price target on Cactus from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research report on Friday, March 27th. Stifel Nicolaus raised their price objective on shares of Cactus from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen cut shares of Cactus from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Piper Sandler increased their price target on shares of Cactus from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.50.

Cactus Trading Down 0.1%

Shares of NYSE:WHD opened at $62.11 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.61 and a debt-to-equity ratio of 0.01. Cactus has a 52-week low of $33.20 and a 52-week high of $62.75. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 58.59, a PEG ratio of 2.43 and a beta of 1.37. The business has a 50-day moving average price of $52.45 and a 200-day moving average price of $50.44.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. The business had revenue of $388.35 million for the quarter, compared to the consensus estimate of $380.42 million. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The company’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 1st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Cactus’s dividend payout ratio (DPR) is presently 52.83%.

Insider Buying and Selling at Cactus

In other news, Director Alan Semple sold 10,206 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total value of $577,863.72. Following the completion of the sale, the director directly owned 29,444 shares in the company, valued at $1,667,119.28. The trade was a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Y. Mcgovern sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total value of $678,840.00. Following the transaction, the director directly owned 15,990 shares of the company’s stock, valued at approximately $904,554.30. The trade was a 42.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 222,206 shares of company stock valued at $11,295,784. Company insiders own 12.91% of the company’s stock.

Hedge Funds Weigh In On Cactus

Large investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its holdings in Cactus by 202.3% during the first quarter. Jennison Associates LLC now owns 1,713,701 shares of the company’s stock valued at $81,178,000 after purchasing an additional 1,146,766 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Cactus by 52.8% during the third quarter. Wellington Management Group LLP now owns 3,304,595 shares of the company’s stock worth $130,432,000 after purchasing an additional 1,141,249 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Cactus during the first quarter worth about $41,895,000. Encompass Capital Advisors LLC acquired a new position in shares of Cactus during the 1st quarter worth about $36,262,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Cactus during the 2nd quarter worth about $30,648,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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.