Cactus, Inc. (WHD) To Go Ex-Dividend on June 1st

Cactus, Inc. (NYSE:WHD) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 1st will be given a dividend of 0.14 per share on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st.

Cactus has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Cactus has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cactus to earn $3.44 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 16.3%.

Cactus Price Performance

Shares of NYSE:WHD traded down $0.12 on Friday, hitting $56.01. The company’s stock had a trading volume of 186,784 shares, compared to its average volume of 982,465. The company has a 50-day simple moving average of $51.13 and a 200 day simple moving average of $49.15. Cactus has a 1 year low of $33.20 and a 1 year high of $59.25. The company has a market capitalization of $4.47 billion, a PE ratio of 23.35, a PEG ratio of 2.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.81 and a quick ratio of 4.13.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, beating 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 return on equity of 15.18% and a net margin of 15.39%.Cactus’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. Sell-side analysts forecast that Cactus will post 2.84 EPS for the current fiscal year.

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.