Analysts Issue Forecasts for Cactus, Inc.’s FY2025 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Analysts at Zacks Research lifted their FY2025 earnings per share (EPS) estimates for Cactus in a research note issued to investors on Friday, April 19th. Zacks Research analyst R. Department now expects that the company will earn $3.60 per share for the year, up from their prior forecast of $3.59. The consensus estimate for Cactus’ current full-year earnings is $2.87 per share.

Cactus (NYSE:WHD) last released its earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $274.87 million during the quarter, compared to analyst estimates of $268.56 million. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The firm’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS.

WHD has been the subject of a number of other research reports. Stifel Nicolaus cut their price target on Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Bank of America lifted their target price on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday, April 15th. Finally, Benchmark downgraded Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.29.

Cactus Stock Up 1.3 %

Shares of WHD stock opened at $51.22 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. Cactus has a one year low of $31.36 and a one year high of $57.00. The company’s fifty day moving average price is $48.10 and its 200-day moving average price is $45.46. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 9.10 and a beta of 1.96.

Hedge Funds Weigh In On Cactus

Several hedge funds have recently bought and sold shares of the business. Raymond James & Associates raised its holdings in shares of Cactus by 44.8% in the first quarter. Raymond James & Associates now owns 194,798 shares of the company’s stock valued at $9,757,000 after acquiring an additional 60,286 shares in the last quarter. Norden Group LLC increased its position in Cactus by 1,182.8% during the 1st quarter. Norden Group LLC now owns 117,252 shares of the company’s stock valued at $5,873,000 after purchasing an additional 108,112 shares during the period. Wasatch Advisors LP raised its holdings in shares of Cactus by 39.1% in the 1st quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company’s stock valued at $66,921,000 after purchasing an additional 375,829 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Cactus by 41.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 323,485 shares of the company’s stock worth $16,203,000 after purchasing an additional 94,704 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Cactus during the first quarter valued at approximately $202,000. Institutional investors own 85.11% of the company’s stock.

Insider Activity

In related news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares in the company, valued at $180,688.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Scott Bender sold 78,000 shares of Cactus stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the transaction, the chief executive officer now owns 20 shares in the company, valued at approximately $915.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the transaction, the executive vice president now owns 3,911 shares in the company, valued at approximately $180,688.20. The disclosure for this sale can be found here. Corporate insiders own 16.84% of the company’s stock.

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.