Zacks Research Weighs in on Cactus’ Q4 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Investment analysts at Zacks Research lifted their Q4 2026 earnings per share estimates for Cactus in a research report issued on Thursday, July 16th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.77 for the quarter, up from their prior estimate of $0.73. The consensus estimate for Cactus’ current full-year earnings is $2.89 per share. Zacks Research also issued estimates for Cactus’ Q2 2027 earnings at $0.87 EPS, Q3 2027 earnings at $0.90 EPS, Q4 2027 earnings at $0.94 EPS, FY2027 earnings at $3.55 EPS, Q1 2028 earnings at $0.98 EPS, Q2 2028 earnings at $0.99 EPS and FY2028 earnings at $3.99 EPS.

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

WHD has been the subject of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 price target (up from $66.00) on shares of Cactus in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Piper Sandler boosted their target price on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays boosted their target price on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Citigroup increased their price target on Cactus from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.60.

Cactus Stock Up 1.6%

Cactus stock opened at $53.86 on Friday. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 2.07 and a beta of 1.38. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $56.11 and its two-hundred day moving average price is $53.75. Cactus has a 52 week low of $33.20 and a 52 week high of $64.30.

Hedge Funds Weigh In On Cactus

Hedge funds have recently modified their holdings of the stock. Maryland State Retirement & Pension System raised its position 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 worth $460,000 after purchasing an additional 208 shares during the period. Covestor Ltd boosted its position 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 purchasing an additional 219 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Cactus by 0.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock valued at $2,532,000 after purchasing an additional 269 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Cactus by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after purchasing an additional 300 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Cactus by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock worth $2,909,000 after purchasing an additional 306 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael Y. Mcgovern sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total transaction of $678,840.00. Following the completion of the sale, the director directly owned 15,990 shares in the company, valued at approximately $904,554.30. This trade represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alan Semple sold 10,206 shares of Cactus stock in a transaction that occurred on 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 transaction, the director owned 29,444 shares in the company, valued at approximately $1,667,119.28. This trade represents a 25.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 12.91% of the company’s stock.

Cactus Announces Dividend

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

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.