What is Zacks Research’s Forecast for Cactus Q2 Earnings?

Cactus, Inc. (NYSE:WHD) – Equities researchers at Zacks Research lifted their Q2 2027 earnings per share estimates for shares of Cactus in a note issued to investors on Tuesday, September 9th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.77 for the quarter, up from their previous forecast of $0.76. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Cactus’ current full-year earnings is $3.08 per share.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Cactus had a return on equity of 17.34% and a net margin of 16.19%.The company had revenue of $273.58 million for the quarter, compared to the consensus estimate of $280.28 million. During the same quarter in the previous year, the business earned $0.81 earnings per share. Cactus’s revenue was down 5.8% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on WHD. Barclays reiterated an “overweight” rating and issued a $52.00 price objective (down previously from $53.00) on shares of Cactus in a report on Monday, August 4th. Stifel Nicolaus dropped their price objective on Cactus from $57.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 1st. Wall Street Zen raised shares of Cactus from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Cactus from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.75.

Cactus Price Performance

WHD opened at $40.00 on Thursday. The stock’s 50 day simple moving average is $42.29 and its 200 day simple moving average is $42.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48. Cactus has a 1 year low of $33.80 and a 1 year high of $70.01. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.94 and a beta of 1.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WHD. Osaic Holdings Inc. raised its stake in Cactus by 4,927.3% during the second quarter. Osaic Holdings Inc. now owns 19,858 shares of the company’s stock valued at $868,000 after buying an additional 19,463 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Cactus by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 81,233 shares of the company’s stock valued at $3,551,000 after buying an additional 1,380 shares during the last quarter. Cim LLC purchased a new position in Cactus during the second quarter valued at $218,000. Public Sector Pension Investment Board raised its stake in Cactus by 10.4% during the second quarter. Public Sector Pension Investment Board now owns 233,365 shares of the company’s stock valued at $10,203,000 after buying an additional 22,002 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Cactus by 0.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock valued at $2,532,000 after purchasing an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Insider Activity at Cactus

In other news, EVP William D. Marsh sold 10,172 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the completion of the transaction, the executive vice president owned 11,088 shares in the company, valued at $458,156.16. This trade represents a 47.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.75% of the stock is currently owned by insiders.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. This is a boost from Cactus’s previous quarterly dividend of $0.13. Cactus’s dividend payout ratio (DPR) is 21.13%.

About Cactus

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.