Cactus, Inc. Announces Quarterly Dividend of $0.13 (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) announced a quarterly dividend on Tuesday, January 21st, RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.13 per share on Thursday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, March 3rd.

Cactus has increased its dividend by an average of 9.6% per year over the last three years. Cactus has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cactus to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 16.1%.

Cactus Price Performance

Shares of NYSE:WHD opened at $52.55 on Friday. The business has a 50 day moving average price of $59.91 and a 200 day moving average price of $61.09. Cactus has a twelve month low of $44.57 and a twelve month high of $70.01. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 5.13 and a beta of 1.97. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Research analysts predict that Cactus will post 3.08 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.