Cactus (NYSE:WHD) Announces Earnings Results

Cactus (NYSE:WHD) posted its quarterly earnings data on Wednesday. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08, Briefing.com reports. Cactus had a net margin of 14.46% and a return on equity of 22.97%. The company had revenue of $274.12 million during the quarter, compared to analyst estimates of $270.70 million. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 20.0% on a year-over-year basis.

Cactus Stock Down 1.3 %

WHD opened at $50.63 on Friday. The firm has a market cap of $4.02 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 9.23 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.00 and a current ratio of 3.17. The business has a 50 day moving average price of $49.20 and a 200 day moving average price of $45.64. Cactus has a twelve month low of $31.36 and a twelve month high of $57.00.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.48 annualized dividend and a yield of 0.95%. Cactus’s dividend payout ratio (DPR) is currently 19.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WHD. Benchmark lowered Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Bank of America boosted their target price on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.29.

Insider Buying and Selling at Cactus

In other news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the sale, the chief executive officer now directly owns 20 shares in the company, valued at $915.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the transaction, the executive vice president now owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Bender sold 78,000 shares of Cactus stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the transaction, the chief executive officer now directly owns 20 shares in the company, valued at $915.80. The disclosure for this sale can be found here. Corporate insiders own 17.71% 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.