Cactus (WHD) to Release Quarterly Earnings on Wednesday

Cactus (NYSE:WHD - Get Free Report) is projected to announce 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 Price Performance

WHD stock traded down $1.42 during midday trading on Friday, reaching $58.27. The company had a trading volume of 538,292 shares, compared to its average volume of 453,980. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus has a 1 year low of $44.57 and a 1 year high of $70.01. The company has a market capitalization of $4.64 billion, a P/E ratio of 20.66, a P/E/G ratio of 5.20 and a beta of 1.97. The firm has a 50-day moving average price of $60.29 and a 200-day moving average price of $61.16.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be paid a $0.13 dividend. 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 dividend payout ratio is presently 18.44%.

Analysts Set New Price Targets

Separately, Barclays cut shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price target for the company. in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.