Cactus (WHD) Set to Announce Earnings on Wednesday

Cactus (NYSE:WHD) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, July 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The firm had revenue of $290.39 million during the quarter, compared to analyst estimates of $276.76 million. During the same quarter in the prior year, the firm posted $0.84 EPS. Cactus’s revenue was down 5.0% compared to the same quarter last year. On average, analysts expect Cactus to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cactus Stock Down 0.5 %

WHD stock opened at $58.28 on Monday. The firm’s 50-day moving average is $59.80 and its two-hundred day moving average is $55.64. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.79 and a beta of 1.95. Cactus has a 52 week low of $37.58 and a 52 week high of $64.96. The company has a current ratio of 3.75, a quick ratio of 2.59 and a debt-to-equity ratio of 0.01.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were issued a dividend of $0.13 per share. This is a boost from Cactus’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.52 annualized dividend and a yield of 0.89%. Cactus’s payout ratio is presently 18.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WHD. Piper Sandler lowered their price target on Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Bank of America lifted their target price on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. Stifel Nicolaus cut their price target on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a report on Friday, October 11th. Barclays lifted their price objective on shares of Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup increased their target price on shares of Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.