FY2024 Earnings Forecast for Cactus Issued By Zacks Research

Cactus, Inc. (NYSE:WHD) – Equities research analysts at Zacks Research increased their FY2024 earnings estimates for Cactus in a research report issued to clients and investors on Monday, January 6th. Zacks Research analyst R. Department now expects that the company will earn $3.08 per share for the year, up from their prior forecast of $3.07. The consensus estimate for Cactus’ current full-year earnings is $3.08 per share. Zacks Research also issued estimates for Cactus’ Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.84 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $0.93 EPS and FY2026 earnings at $3.63 EPS.

Several other research firms have also recently weighed in on WHD. Stifel Nicolaus reduced their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Bank of America lifted their price target on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. Finally, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.40.

Cactus Trading Down 0.8 %

Shares of WHD stock opened at $59.42 on Wednesday. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus has a 1 year low of $37.58 and a 1 year high of $70.01. The firm’s fifty day simple moving average is $63.21 and its 200 day simple moving average is $60.08. The firm has a market capitalization of $4.73 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.98.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. During the same period in the previous year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.

Institutional Trading of Cactus

A number of hedge funds have recently modified their holdings of WHD. Quest Partners LLC bought a new stake in shares of Cactus in the third quarter worth about $34,000. Versant Capital Management Inc grew its position in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the period. GAMMA Investing LLC increased its stake in Cactus by 81.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock worth $146,000 after purchasing an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Cactus during the 3rd quarter worth approximately $177,000. Finally, Nisa Investment Advisors LLC lifted its stake in Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after buying an additional 307 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven Bender sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the sale, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. This trade represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,500 shares of company stock worth $8,916,325 in the last 90 days. Corporate insiders own 17.71% of the company’s stock.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Monday, December 2nd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.88%. Cactus’s dividend payout ratio is 18.44%.

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.