$0.35 Earnings Per Share Expected for Cactus Inc (NYSE:WHD) This Quarter

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Equities research analysts predict that Cactus Inc (NYSE:WHD) will announce $0.35 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cactus’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.35. Cactus posted earnings per share of $0.45 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 4th.

According to Zacks, analysts expect that Cactus will report full year earnings of $1.84 per share for the current year, with EPS estimates ranging from $1.83 to $1.85. For the next year, analysts forecast that the business will post earnings of $1.73 per share, with EPS estimates ranging from $1.59 to $2.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Cactus.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $160.81 million during the quarter, compared to analysts’ expectations of $159.80 million. Cactus had a return on equity of 30.14% and a net margin of 13.45%.

Several equities analysts have weighed in on WHD shares. Citigroup cut their price target on Cactus from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday, September 23rd. ValuEngine upgraded Cactus from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Wolfe Research started coverage on Cactus in a report on Wednesday, November 27th. They issued a “market perform” rating and a $33.00 target price for the company. Barclays reiterated a “buy” rating and issued a $35.00 target price on shares of Cactus in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded Cactus from a “strong sell” rating to a “hold” rating in a report on Sunday, November 3rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cactus presently has a consensus rating of “Buy” and an average target price of $38.20.

Several institutional investors have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new stake in shares of Cactus during the 2nd quarter worth approximately $268,000. Bowling Portfolio Management LLC bought a new stake in shares of Cactus during the 2nd quarter worth approximately $1,348,000. Virginia Retirement Systems ET AL lifted its stake in shares of Cactus by 20.0% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 68,300 shares of the company’s stock worth $2,262,000 after acquiring an additional 11,400 shares during the last quarter. Moody Aldrich Partners LLC lifted its stake in shares of Cactus by 3.3% during the 2nd quarter. Moody Aldrich Partners LLC now owns 114,805 shares of the company’s stock worth $3,802,000 after acquiring an additional 3,648 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Cactus by 21.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,257 shares of the company’s stock worth $1,565,000 after acquiring an additional 8,421 shares during the last quarter. Hedge funds and other institutional investors own 65.55% of the company’s stock.

NYSE WHD traded up $0.67 during trading on Tuesday, hitting $31.27. 321,948 shares of the stock traded hands, compared to its average volume of 283,226. The company has a market capitalization of $2.30 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 3.39 and a beta of 1.17. The firm has a 50-day simple moving average of $29.74 and a 200-day simple moving average of $29.76. The company has a quick ratio of 3.07, a current ratio of 4.32 and a debt-to-equity ratio of 0.05. Cactus has a 12-month low of $24.23 and a 12-month high of $40.68.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, November 29th. Cactus’s dividend payout ratio (DPR) is 20.22%.

Cactus Company Profile

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

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