Analysts Set Expectations for Cactus’ Q1 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Investment analysts at Zacks Research upped their Q1 2027 EPS estimates for Cactus in a research report issued to clients and investors on Monday, October 5th. Zacks Research analyst Team now anticipates that the company will earn $0.77 per share for the quarter, up from their previous estimate of $0.76. The consensus estimate for Cactus’ current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Cactus’ Q4 2027 earnings at $0.84 EPS, FY2027 earnings at $3.21 EPS, Q1 2028 earnings at $1.02 EPS, Q2 2028 earnings at $1.00 EPS, Q3 2028 earnings at $1.02 EPS and FY2028 earnings at $4.12 EPS.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.29. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The company had revenue of $449.53 million for the quarter, compared to analyst estimates of $400.82 million. During the same period in the previous year, the business earned $0.66 EPS. Cactus’s revenue for the quarter was up 64.3% compared to the same quarter last year.

Several other research firms have also issued reports on WHD. Wall Street Zen upgraded Cactus from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup reduced their target price on Cactus from $75.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a research note on Tuesday, September 8th. Barclays boosted their target price on Cactus from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Piper Sandler increased their price target on Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.40.

Cactus Trading Down 0.8%

Cactus stock opened at $64.24 on Tuesday. Cactus has a 52 week low of $33.20 and a 52 week high of $74.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.59. The stock has a market capitalization of $5.15 billion, a P/E ratio of 54.91, a PEG ratio of 1.75 and a beta of 1.42. The stock has a 50-day simple moving average of $67.78 and a 200 day simple moving average of $59.09.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.60 annualized dividend and a yield of 0.9%. This is an increase from Cactus’s previous quarterly dividend of $0.14. Cactus’s payout ratio is currently 51.28%.

Insider Activity at Cactus

In other news, President Joel Bender sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $70.37, for a total value of $7,037,000.00. Following the transaction, the president owned 41,519 shares of the company’s stock, valued at approximately $2,921,692.03. This represents a 70.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steven Bender sold 25,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $67.65, for a total value of $1,691,250.00. Following the transaction, the chief executive officer owned 99,241 shares in the company, valued at approximately $6,713,653.65. This trade represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 463,455 shares of company stock valued at $29,495,764. 12.91% of the stock is currently owned by insiders.

Institutional Trading of Cactus

Several institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in Cactus during the 2nd quarter worth $250,000. Squarepoint Ops LLC boosted its position in shares of Cactus by 104.5% in the second quarter. Squarepoint Ops LLC now owns 369,645 shares of the company’s stock valued at $18,937,000 after acquiring an additional 188,864 shares during the period. Arizona State Retirement System boosted its position in shares of Cactus by 1.3% in the second quarter. Arizona State Retirement System now owns 19,154 shares of the company’s stock valued at $981,000 after acquiring an additional 242 shares during the period. Nykredit A S acquired a new position in shares of Cactus in the second quarter valued at about $133,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Cactus by 474.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,465 shares of the company’s stock valued at $75,000 after acquiring an additional 1,210 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

About Cactus

Cactus, Inc is an oilfield equipment company that designs, manufactures, sells and rents wellhead and pressure control equipment for onshore oil and gas producers. Its products are used throughout the life cycle of a well, from drilling and completion to production and workover operations.

The company’s offerings include conventional and automated wellheads, production trees, frac stacks, zipper manifolds and other pressure control systems. Cactus also provides equipment installation, field service, maintenance, rental and monitoring services intended to help operators improve wellsite safety, efficiency and control.

Founded in 2011 and headquartered in Houston, Texas, Cactus primarily serves oil and gas customers in North America and select international markets.