Cactus (WHD) to Release Earnings on Wednesday

Cactus (NYSE:WHD) will likely be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $277.59 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Cactus Stock Performance

NYSE WHD opened at $58.27 on Monday. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $60.20 and a 200 day simple moving average of $61.20. Cactus has a twelve month low of $44.57 and a twelve month high of $70.01. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 5.13 and a beta of 1.97.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.89%. Cactus’s payout ratio is currently 18.44%.

Wall Street Analyst Weigh In

Separately, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.40.

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.