Zacks Research Analysts Reduce Earnings Estimates for Cactus

Cactus, Inc. (NYSE:WHD) – Equities researchers at Zacks Research dropped their Q3 2026 EPS estimates for Cactus in a research note issued on Tuesday, June 9th. Zacks Research analyst Team now forecasts that the company will earn $0.69 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for Cactus’ current full-year earnings is $2.86 per share. Zacks Research also issued estimates for Cactus’ Q4 2026 earnings at $0.72 EPS, Q4 2027 earnings at $0.91 EPS, FY2027 earnings at $3.43 EPS and FY2028 earnings at $3.83 EPS.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The company had revenue of $388.35 million during the quarter, compared to the consensus estimate of $380.42 million. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 38.5% compared to the same quarter last year.

WHD has been the subject of several other reports. Wall Street Zen downgraded Cactus from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings downgraded shares of Cactus from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Citigroup lifted their price target on shares of Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Barclays increased their price objective on shares of Cactus from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Stifel Nicolaus lifted their target price on shares of Cactus from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.60.

Cactus Stock Performance

WHD stock opened at $57.98 on Wednesday. The stock has a market capitalization of $4.65 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. Cactus has a 12-month low of $33.20 and a 12-month high of $64.30. The stock’s 50 day simple moving average is $55.69 and its 200 day simple moving average is $52.03.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. Cactus’s dividend payout ratio is currently 52.83%.

Insider Buying and Selling

In other news, Director Alan Semple sold 10,206 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.62, for a total transaction of $577,863.72. Following the completion of the sale, the director owned 29,444 shares of the company’s stock, valued at $1,667,119.28. The trade was a 25.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Y. Mcgovern sold 12,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total value of $678,840.00. Following the completion of the sale, the director owned 15,990 shares of the company’s stock, valued at $904,554.30. This trade represents a 42.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 12.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Cactus

Several hedge funds have recently bought and sold shares of WHD. EverSource Wealth Advisors LLC increased its position in Cactus by 67.6% in the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Cactus during the 3rd quarter valued at about $33,000. Aster Capital Management DIFC Ltd lifted its position in shares of Cactus by 73.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after buying an additional 314 shares in the last quarter. Huntington National Bank grew its stake in shares of Cactus by 55.4% during the 3rd quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after acquiring an additional 390 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after acquiring an additional 543 shares during the period. Institutional investors own 85.11% of the company’s stock.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.