Cactus (WHD) to Release Earnings on Wednesday

Cactus (NYSE:WHD - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Cactus to post earnings of $0.74 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The firm had revenue of $290.39 million for the quarter, compared to analyst estimates of $276.76 million. During the same period in the prior year, the firm earned $0.84 earnings per share. The business's quarterly revenue was down 5.0% compared to the same quarter last year. On average, analysts expect Cactus to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cactus Stock Down 0.7 %

Shares of Cactus stock opened at $59.42 on Wednesday. Cactus has a 52-week low of $37.58 and a 52-week high of $64.96. The company has a 50 day moving average of $59.85 and a 200 day moving average of $55.50. The company has a quick ratio of 2.59, a current ratio of 3.75 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.73 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.85 and a beta of 1.95.

Cactus Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Monday, August 26th. This is a positive change from Cactus's previous quarterly dividend of $0.12. Cactus's dividend payout ratio is 20.72%.

Analysts Set New Price Targets

WHD has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Bank of America upped their target price on shares of Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a report on Monday, October 14th. Piper Sandler cut their price target on shares of Cactus from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, July 15th. Barclays upped their price objective on shares of Cactus from $56.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Finally, Citigroup lifted their target price on Cactus from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. 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.