Cactus (WHD) Set to Announce Earnings on Wednesday

Cactus (NYSE:WHD) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Cactus to post earnings of $0.71 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $274.12 million during the quarter, compared to the consensus estimate of $270.70 million. Cactus had a net margin of 14.46% and a return on equity of 22.46%. Cactus’s revenue was up 20.0% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. On average, analysts expect Cactus to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cactus Price Performance

Shares of WHD opened at $61.30 on Tuesday. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.35 and a beta of 1.98. Cactus has a twelve month low of $37.58 and a twelve month high of $62.27. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $52.91 and a two-hundred day moving average of $49.18.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Tuesday, May 28th were paid a $0.12 dividend. The ex-dividend date was Tuesday, May 28th. This represents a $0.48 annualized dividend and a yield of 0.78%. Cactus’s dividend payout ratio (DPR) is 19.12%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WHD shares. Benchmark restated a “hold” rating on shares of Cactus in a research note on Monday, May 6th. Citigroup raised 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. Barclays raised their price target on shares of Cactus from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Johnson Rice cut shares of Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. Finally, Bank of America raised their price target on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.00.

Insider Buying and Selling

In related news, CEO Scott Bender sold 39,957 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $51.01, for a total transaction of $2,038,206.57. Following the completion of the transaction, the chief executive officer now owns 400,234 shares of the company’s stock, valued at $20,415,936.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Scott Bender sold 39,957 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $51.01, for a total transaction of $2,038,206.57. Following the sale, the chief executive officer now owns 400,234 shares in the company, valued at $20,415,936.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Joel Bender sold 201,585 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $52.03, for a total transaction of $10,488,467.55. Following the sale, the president now owns 555,001 shares in the company, valued at approximately $28,876,702.03. The disclosure for this sale can be found here. Insiders sold a total of 602,059 shares of company stock valued at $30,948,949 over the last 90 days. Insiders own 17.72% of the company’s stock.

About Cactus

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.