Cactus, Inc. (NYSE:WHD – Free Report) – Analysts at Zacks Research upped their FY2024 earnings estimates for shares of Cactus in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $3.07 for the year, up from their previous forecast of $3.03. The consensus estimate for Cactus’ current full-year earnings is $3.08 per share. Zacks Research also issued estimates for Cactus’ Q4 2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.24 EPS, Q1 2026 earnings at $0.86 EPS, Q2 2026 earnings at $0.88 EPS and FY2026 earnings at $3.53 EPS.
Cactus (NYSE:WHD – Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $287.47 million. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis.
Get Our Latest Stock Analysis on Cactus
Cactus Price Performance
Shares of WHD stock opened at $64.36 on Monday. Cactus has a 12 month low of $37.58 and a 12 month high of $70.01. The company has a market capitalization of $5.12 billion, a P/E ratio of 22.82, a P/E/G ratio of 3.05 and a beta of 1.95. The stock has a 50 day moving average of $61.24 and a two-hundred day moving average of $56.95. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.
Hedge Funds Weigh In On Cactus
Large investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in Cactus in the third quarter worth about $34,000. GAMMA Investing LLC grew its position in shares of Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $71,000 after buying an additional 340 shares during the period. SG Americas Securities LLC acquired a new position in Cactus in the first quarter valued at approximately $115,000. Covestor Ltd boosted its stake in Cactus by 251.8% in the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock valued at $126,000 after acquiring an additional 1,795 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Cactus by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock worth $188,000 after acquiring an additional 307 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Cactus
In other news, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the sale, the chief executive officer now directly owns 36,357 shares in the company, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Steven Bender sold 100,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now owns 57,567 shares in the company, valued at approximately $3,762,003.45. This trade represents a 63.47 % decrease in their position. The disclosure for this sale can be found here. 17.71% of the stock is owned by insiders.
Cactus Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. Cactus’s dividend payout ratio is presently 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.
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