Zacks Research Has Positive Estimate for Cactus Q4 Earnings

Cactus, Inc. (NYSE:WHD - Free Report) - Stock analysts at Zacks Research upped their Q4 2024 earnings estimates for shares of Cactus in a note issued to investors on Monday, January 6th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.73 per share for the quarter, up from their prior forecast of $0.72. The consensus estimate for Cactus' current full-year earnings is $3.08 per share. Zacks Research also issued estimates for Cactus' FY2025 earnings at $3.25 EPS.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The company had revenue of $293.18 million for the quarter, compared to analysts' expectations of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share.

Other analysts also recently issued research reports about the company. Barclays downgraded Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective on the stock. in a report on Monday, November 4th. Stifel Nicolaus cut their price target on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Finally, Bank of America raised their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $56.40.

Cactus Trading Down 0.8 %

Shares of NYSE WHD traded down $0.49 during mid-day trading on Thursday, hitting $59.42. 299,752 shares of the company traded hands, compared to its average volume of 450,490. The company has a quick ratio of 2.67, a current ratio of 3.82 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 stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.98 and a beta of 1.98. The business has a 50 day moving average of $63.21 and a two-hundred day moving average of $60.08.

Cactus Dividend Announcement

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

Insider Buying and Selling at Cactus

In other news, CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares in the company, valued at $2,230,501.95. This represents a 47.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the transaction, the director now owns 12,177 shares in the company, valued at $794,183.94. This represents a 29.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 138,500 shares of company stock worth $8,916,325. 17.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cactus

Several hedge funds have recently bought and sold shares of WHD. New York State Teachers Retirement System boosted its stake in shares of Cactus by 1.3% during the 3rd quarter. New York State Teachers Retirement System now owns 15,500 shares of the company's stock worth $925,000 after acquiring an additional 200 shares in the last quarter. Dana Investment Advisors Inc. boosted its position in Cactus by 0.6% during the second quarter. Dana Investment Advisors Inc. now owns 31,807 shares of the company's stock worth $1,678,000 after purchasing an additional 202 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cactus by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company's stock valued at $2,182,000 after purchasing an additional 301 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of 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 purchasing an additional 307 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after buying an additional 359 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

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.