Cactus (NYSE:WHD) Announces Quarterly Earnings Results

Cactus (NYSE:WHD) issued its earnings results on Wednesday. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01), Zacks reports. The firm had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%.

Cactus Stock Down 0.6 %

WHD opened at $57.11 on Thursday. The firm’s 50 day simple moving average is $60.01 and its two-hundred day simple moving average is $61.16. The company has a market capitalization of $4.55 billion, a PE ratio of 20.25, a PEG ratio of 5.13 and a beta of 1.97. Cactus has a 1-year low of $44.57 and a 1-year high of $70.01. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.91%. Cactus’s dividend payout ratio is currently 18.44%.

Analysts Set New Price Targets

Separately, Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Cactus currently has an average rating of “Hold” and a consensus target price of $56.40.

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.