Zacks Research Has Pessimistic View of Cactus Q3 Earnings

Cactus, Inc. (NYSE:WHD) – Zacks Research decreased their Q3 2026 EPS estimates for shares of Cactus in a report issued on Monday, September 7th. Zacks Research analyst Team now expects that the company will post earnings of $0.77 per share for the quarter, down from their prior estimate of $0.78. The consensus estimate for Cactus’ current full-year earnings is $3.12 per share. Zacks Research also issued estimates for Cactus’ FY2026 earnings at $3.10 EPS, Q1 2027 earnings at $0.76 EPS, Q4 2027 earnings at $0.83 EPS and FY2027 earnings at $3.16 EPS.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.64 by $0.29. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The business had revenue of $449.53 million during the quarter, compared to analyst estimates of $400.82 million. During the same period last year, the business posted $0.66 earnings per share. Cactus’s quarterly revenue was up 64.3% compared to the same quarter last year.

WHD has been the subject of a number of other reports. Wall Street Zen upgraded shares of Cactus from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a report on Tuesday. Stifel Nicolaus raised their target price on Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays upped their price target on shares of Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, Piper Sandler increased their price objective on shares of Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $66.80.

Cactus Price Performance

WHD opened at $69.91 on Thursday. The stock has a 50-day moving average price of $63.05 and a 200-day moving average price of $57.11. The firm has a market cap of $5.61 billion, a PE ratio of 59.75, a P/E/G ratio of 2.45 and a beta of 1.37. Cactus has a 1 year low of $33.20 and a 1 year high of $74.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 1.81.

Cactus Increases Dividend

The business also recently declared 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 is Monday, August 31st. This is a positive change 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 (DPR) is currently 51.28%.

Insider Buying and Selling

In other Cactus news, CEO Stephen Tadlock sold 38,455 shares of Cactus stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $63.80, for a total transaction of $2,453,429.00. Following the transaction, the chief executive officer owned 43,178 shares of the company’s stock, valued at $2,754,756.40. The trade was a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven Bender sold 25,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $67.65, for a total transaction of $1,691,250.00. Following the completion of the sale, the chief executive officer directly owned 99,241 shares of the company’s stock, valued at approximately $6,713,653.65. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 363,455 shares of company stock worth $23,298,764 over the last ninety days. 12.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cactus

A number of institutional investors have recently bought and sold shares of WHD. Advisors Asset Management Inc. lifted its position in shares of Cactus by 113.8% in the first 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 in the last quarter. AQR Capital Management LLC raised its stake in Cactus by 101.1% during the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock valued at $524,000 after purchasing an additional 5,745 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cactus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock worth $1,819,000 after purchasing an additional 1,733 shares in the last quarter. United Services Automobile Association bought a new position in Cactus in the 1st quarter worth approximately $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cactus by 26.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after purchasing an additional 46,835 shares during the period. Hedge funds and other 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.