Analysts Issue Forecasts for Cactus’ Q2 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Equities research analysts at Zacks Research cut their Q2 2026 EPS estimates for Cactus in a report released on Tuesday, June 9th. Zacks Research analyst Team now anticipates that the company will earn $0.68 per share for the quarter, down from their prior estimate of $0.70. The consensus estimate for Cactus’ current full-year earnings is $2.86 per share. Zacks Research also issued estimates for Cactus’ FY2026 earnings at $2.79 EPS.

WHD has been the topic of a number of other research reports. Weiss Ratings cut shares of Cactus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Cactus from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays increased their price objective on shares of Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Stifel Nicolaus increased their price objective on shares of Cactus from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Piper Sandler increased their price objective on shares of Cactus from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.60.

Cactus Price Performance

WHD stock opened at $58.05 on Thursday. The stock has a market capitalization of $4.65 billion, a PE ratio of 54.77, a price-to-earnings-growth ratio of 2.28 and a beta of 1.37. The company’s 50-day moving average is $55.92 and its 200-day moving average is $52.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.61 and a quick ratio of 1.71. Cactus has a 1 year low of $33.20 and a 1 year high of $64.30.

Cactus (NYSE:WHD) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $388.35 million for the quarter, compared to analysts’ expectations of $380.42 million. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The business’s revenue was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st. Cactus’s dividend payout ratio is currently 52.83%.

Insider Transactions at Cactus

In related news, Director Michael Y. Mcgovern sold 12,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total value of $678,840.00. Following the sale, the director owned 15,990 shares in the company, valued at $904,554.30. This represents a 42.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan Semple sold 10,206 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total transaction of $577,863.72. Following the completion of the sale, the director owned 29,444 shares in the company, valued at $1,667,119.28. This represents a 25.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 12.91% of the company’s stock.

Institutional Investors Weigh In On Cactus

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in Cactus by 67.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 259 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Cactus in the 3rd quarter valued at about $33,000. Aster Capital Management DIFC Ltd increased its stake in Cactus by 73.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after buying an additional 314 shares during the last quarter. Huntington National Bank increased its stake in Cactus by 55.4% in the 3rd quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after buying an additional 390 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after buying an additional 543 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.