Cactus, Inc. (NYSE:WHD – Free Report) – Research analysts at Zacks Research upped their Q1 2028 earnings per share estimates for Cactus in a note issued to investors on Monday, September 7th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.01 per share for the quarter, up from their previous estimate of $1.00. The consensus estimate for Cactus’ current full-year earnings is $3.12 per share. Zacks Research also issued estimates for Cactus’ FY2028 earnings at $4.06 EPS.
Cactus (NYSE:WHD – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. Cactus had a return on equity of 16.66% and a net margin of 6.01%.The business had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 64.3% on a year-over-year basis.
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Cactus Stock Down 0.8%
WHD stock opened at $69.58 on Wednesday. The stock has a 50-day simple moving average of $62.62 and a two-hundred day simple moving average of $57.03. Cactus has a twelve month low of $33.20 and a twelve month high of $74.07. The firm has a market capitalization of $5.58 billion, a PE ratio of 59.47, a PEG ratio of 2.47 and a beta of 1.37. The company has a quick ratio of 1.81, a current ratio of 2.59 and a debt-to-equity ratio of 0.01.
Cactus Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 31st. This is a positive change from Cactus’s previous quarterly dividend of $0.14. Cactus’s dividend payout ratio (DPR) is presently 51.28%.
Insider Buying and Selling at Cactus
In other news, CEO Stephen Tadlock sold 38,455 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $63.80, for a total value of $2,453,429.00. Following the completion of the sale, the chief executive officer owned 43,178 shares of the company’s stock, valued at approximately $2,754,756.40. This represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven Bender sold 25,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $67.65, for a total transaction of $1,691,250.00. Following the transaction, the chief executive officer directly owned 99,241 shares in the company, valued at approximately $6,713,653.65. This represents a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 363,455 shares of company stock valued at $23,298,764. Insiders own 12.91% of the company’s stock.
Institutional Trading of Cactus
Several institutional investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System grew its stake in shares of Cactus by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,066 shares of the company’s stock valued at $460,000 after buying an additional 208 shares during the last quarter. Covestor Ltd lifted its stake in shares of Cactus by 8.6% in the 4th quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $126,000 after acquiring an additional 219 shares during the last quarter. Arizona State Retirement System boosted its holdings in Cactus by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 19,154 shares of the company’s stock valued at $981,000 after acquiring an additional 242 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Cactus by 0.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock valued at $2,532,000 after acquiring an additional 269 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Cactus by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after acquiring an additional 300 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
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.
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