Cactus (NYSE:WHD) Posts Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Cactus (NYSE:WHD) posted its quarterly earnings data on Wednesday. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.64 by $0.29, FiscalAI reports. Cactus had a return on equity of 16.81% and a net margin of 6.01%.The firm had revenue of $449.53 million during the quarter, compared to the consensus estimate of $400.82 million. During the same period in the prior year, the company earned $0.66 EPS. The firm’s revenue was up 64.3% compared to the same quarter last year.

Cactus Trading Up 2.4%

NYSE WHD traded up $1.46 during trading hours on Friday, reaching $63.46. The company had a trading volume of 352,440 shares, compared to its average volume of 911,928. Cactus has a 1-year low of $33.20 and a 1-year high of $64.63. The stock has a market capitalization of $5.09 billion, a P/E ratio of 54.15, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38. The stock has a 50-day moving average of $55.46 and a 200 day moving average of $54.23. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Cactus’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. Cactus’s dividend payout ratio is currently 47.86%.

Insider Transactions at Cactus

In other Cactus news, Director Michael Y. Mcgovern sold 12,000 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 15,990 shares of the company’s stock, valued at $904,554.30. The trade was a 42.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Semple sold 10,206 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total value of $577,863.72. Following the transaction, the director owned 29,444 shares in the company, valued at $1,667,119.28. This trade represents a 25.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 35,506 shares of company stock worth $1,989,135. 12.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cactus

A number of institutional investors have recently modified their holdings of the company. Dark Forest Capital Management LP boosted its holdings in Cactus by 122.3% during the 3rd quarter. Dark Forest Capital Management LP now owns 33,530 shares of the company’s stock valued at $1,323,000 after acquiring an additional 18,444 shares during the period. Marshall Wace LLP purchased a new stake in Cactus during the fourth quarter worth about $1,007,000. Osaic Holdings Inc. lifted its position in shares of Cactus by 4,927.3% during the second quarter. Osaic Holdings Inc. now owns 19,858 shares of the company’s stock worth $868,000 after purchasing an additional 19,463 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Cactus by 17.2% during the third quarter. Natixis Advisors LLC now owns 21,799 shares of the company’s stock worth $860,000 after purchasing an additional 3,197 shares in the last quarter. Finally, Odyssean LLC purchased a new position in shares of Cactus in the fourth quarter valued at approximately $747,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Key Cactus News

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Cactus reported adjusted earnings of $0.93 per share, well above the $0.64–$0.71 analyst estimates and up from $0.66 a year earlier. Revenue rose 64.3% year over year to $449.5 million, exceeding the roughly $400.8 million consensus estimate. WHD Q2 Earnings Beat Estimates on Pressure Control, Spoolable Growth
• Positive Sentiment: International demand for Pressure Control and Spoolable Technologies supported earnings growth and expanded backlog, reinforcing the company’s near-term growth story. Cactus Announces Second Quarter 2026 Results
• Positive Sentiment: The board raised the quarterly dividend by 7.1%, from $0.14 to $0.15 per share, signaling confidence in cash generation and modestly improving shareholder returns. Cactus Q2 Adjusted Earnings, Revenue Rise; Raises Quarterly Dividend by 7%
• Positive Sentiment: Management expects Spoolable Technologies revenue to increase approximately 15%–20% in the third quarter, helping offset weakness elsewhere. Cactus Q3 Spoolable Technologies Outlook
• Neutral Sentiment: Despite the upbeat results, Cactus expects third-quarter Pressure Control revenue to decline about 10%, creating a mixed segment outlook. The stock is trading near its 52-week high, which may limit additional upside unless growth continues to exceed expectations. Cactus Q2 2026 Earnings Call Transcript
• Negative Sentiment: CEO Scott Bender sold 13,300 shares for approximately $732,000, reducing his direct ownership by 9.4%. While the sale may be routine, insider selling can weigh on investor sentiment. Insider Selling: Cactus CEO Sells 13,300 Shares

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WHD shares. Piper Sandler increased their target price on shares of Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Stifel Nicolaus raised their target price on shares of Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday. Barclays upped their price target on Cactus from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Citigroup lifted their price target on Cactus from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.40.

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