Cactus (NYSE:WHD) Releases Earnings Results

Cactus (NYSE:WHD) issued its quarterly earnings data on Wednesday. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01), Zacks reports. Cactus had a net margin of 16.57% and a return on equity of 20.24%.

Cactus Price Performance

NYSE WHD traded down $0.35 during trading hours on Wednesday, reaching $57.11. The company’s stock had a trading volume of 719,547 shares, compared to its average volume of 478,745. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus has a 1-year low of $44.57 and a 1-year high of $70.01. The company’s 50-day moving average is $60.03 and its two-hundred day moving average is $61.18. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 5.13 and a beta of 1.97.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.13 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 0.91%. Cactus’s dividend payout ratio is presently 18.44%.

Analyst Ratings Changes

Separately, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a report on Monday, November 4th. One 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. According to data from MarketBeat, Cactus has an average rating of “Hold” and an average price target of $56.40.

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.