Cactus (NYSE:WHD) Posts Earnings Results, Beats Estimates By $0.19 EPS

Cactus (NYSE:WHD) released its quarterly earnings results on Wednesday. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.19, FiscalAI reports. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The business had revenue of $430.89 million for the quarter, compared to the consensus estimate of $437.94 million. During the same period last year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was up 63.2% on a year-over-year basis.

Cactus Price Performance

WHD stock traded up $4.19 during mid-day trading on Thursday, hitting $68.53. The company had a trading volume of 85,286 shares, compared to its average volume of 849,327. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 59.56, a P/E/G ratio of 1.69 and a beta of 1.42. Cactus has a 12-month low of $39.16 and a 12-month high of $74.07. The company has a quick ratio of 1.81, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $66.14 and a 200 day moving average price of $58.20.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Monday, November 30th will be paid a $0.15 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.60 annualized dividend and a yield of 0.9%. Cactus’s payout ratio is presently 51.28%.

Insider Transactions at Cactus

In other news, CEO Stephen Tadlock sold 38,455 shares of Cactus stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $63.80, for a total value of $2,453,429.00. Following the sale, the chief executive officer directly owned 43,178 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, CEO Steven Bender sold 25,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $67.65, for a total value of $1,691,250.00. Following the completion of the sale, the chief executive officer owned 99,241 shares in the company, valued at $6,713,653.65. This represents a 20.12% 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 363,455 shares of company stock worth $23,767,679. 12.91% of the stock is currently owned by company insiders.

Trending Headlines about Cactus

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Adjusted EPS beat expectations. Cactus reported adjusted earnings of $0.96 per share, above the $0.77-$0.78 analyst consensus and up from $0.67 a year earlier. Cactus, Inc. Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Revenue and profitability increased substantially. Third-quarter revenue reached $430.9 million, up 63.2% year over year, while operating income was $94.0 million and adjusted net income was $78.0 million. Adjusted net margin was 18.1%. Cactus Announces Third Quarter 2026 Results
• Positive Sentiment: Backlog provides visibility. Cactus’s reported backlog reached approximately $615.6 million, signaling potential future demand and supporting expectations for continued activity. Cactus Q3 2026 Earnings
• Positive Sentiment: Quarterly dividend declared. The company declared a $0.15-per-share dividend payable December 17 to shareholders of record November 30, equivalent to $0.60 annually and a yield of approximately 0.9%. This adds shareholder income but is unlikely to be a major price catalyst. Cactus Q3 Adjusted Earnings and Revenue Rise
• Neutral Sentiment: Revenue was slightly below forecasts. The $430.9 million result compared with analyst expectations of roughly $437.9 million, partially offsetting the strong EPS performance.
• Negative Sentiment: Valuation remains demanding. With a reported price-to-earnings ratio near 55, investors may require continued earnings growth to justify the stock’s valuation, increasing sensitivity to any weaker guidance or execution.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WHD shares. Barclays lifted their price objective on Cactus from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Wall Street Zen raised shares of Cactus from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Stifel Nicolaus upped their price target on shares of Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a research note on Tuesday, September 8th. Finally, Piper Sandler raised their price objective 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Cactus currently has a consensus rating of “Moderate Buy” and an average price target of $73.25.

About Cactus

Cactus, Inc (NYSE: WHD) designs, manufactures, sells and rents wellhead and pressure-control equipment used in onshore oil and gas drilling and production. Its products are designed to help operators manage pressure and control access to wells during drilling, completion and production activities.

The company’s offerings include wellhead systems, frac stacks, zipper manifolds and other pressure-control equipment. Cactus also provides field services, including equipment installation, maintenance and support, as well as rental services for selected products.