Brokerages Anticipate Cactus, Inc. (NYSE:WHD) Will Post Earnings of $0.21 Per Share

Equities analysts expect that Cactus, Inc. (NYSE:WHD) will report earnings of $0.21 per share for the current quarter, according to Zacks. Two analysts have made estimates for Cactus’ earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.22. Cactus posted earnings of $0.08 per share during the same quarter last year, which would suggest a positive year over year growth rate of 162.5%. The business is scheduled to report its next earnings results on Wednesday, February 23rd.

On average, analysts expect that Cactus will report full year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.62 to $0.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $1.20 to $1.51. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Cactus.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Cactus had a net margin of 10.02% and a return on equity of 5.33%. During the same quarter last year, the company posted $0.13 earnings per share.

WHD has been the subject of several research reports. Barclays lifted their price target on shares of Cactus from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, October 25th. Citigroup lifted their price target on shares of Cactus from $41.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Cactus presently has an average rating of “Buy” and a consensus target price of $38.67.

A number of large investors have recently modified their holdings of WHD. Rockefeller Capital Management L.P. bought a new stake in Cactus in the 2nd quarter valued at about $28,000. Point72 Hong Kong Ltd bought a new stake in Cactus in the 3rd quarter valued at about $44,000. PNC Financial Services Group Inc. lifted its position in Cactus by 55.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,803 shares of the company’s stock valued at $68,000 after purchasing an additional 643 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Cactus in the 2nd quarter valued at about $73,000. Finally, Captrust Financial Advisors raised its position in shares of Cactus by 157.8% during the 1st quarter. Captrust Financial Advisors now owns 2,526 shares of the company’s stock worth $77,000 after buying an additional 1,546 shares in the last quarter. Hedge funds and other institutional investors own 77.10% of the company’s stock.

Shares of NYSE WHD traded down $0.55 during midday trading on Thursday, hitting $38.51. The company’s stock had a trading volume of 164,790 shares, compared to its average volume of 413,068. Cactus has a 1-year low of $23.03 and a 1-year high of $46.94. The firm’s fifty day moving average price is $40.49 and its 200-day moving average price is $38.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.24 and a current ratio of 5.59. The firm has a market cap of $2.92 billion, a P/E ratio of 59.25 and a beta of 2.32.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 16th. Investors of record on Monday, November 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 26th. This represents a $0.40 annualized dividend and a yield of 1.04%. Cactus’s dividend payout ratio is presently 61.54%.

About Cactus

Cactus, Inc is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. Its products include Cactus SafeDrill wellhead systems as well as frac stacks, Cactus SafeLink monobore, SafeClamp and SafeInject systems. It also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the wellhead and pressure control equipment.

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