Cactus, Inc. (NYSE:WHD) to Post FY2025 Earnings of $3.60 Per Share, Zacks Research Forecasts

Cactus, Inc. (NYSE:WHD) – Investment analysts at Zacks Research increased their FY2025 earnings per share (EPS) estimates for Cactus in a research note issued on Friday, April 19th. Zacks Research analyst R. Department now expects that the company will post earnings of $3.60 per share for the year, up from their previous forecast of $3.59. The consensus estimate for Cactus’ current full-year earnings is $2.87 per share.

Several other research analysts also recently weighed in on WHD. Bank of America lifted 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. Stifel Nicolaus lowered their price objective on shares of Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Finally, Benchmark cut shares of Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.29.

Cactus Trading Up 1.3 %

NYSE WHD opened at $51.22 on Monday. The firm’s fifty day moving average is $48.10 and its two-hundred day moving average is $45.46. Cactus has a one year low of $31.36 and a one year high of $57.00. 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 firm has a market cap of $4.06 billion, a PE ratio of 20.09, a P/E/G ratio of 9.10 and a beta of 1.96.

Cactus (NYSE:WHD) last posted its earnings results on Thursday, February 29th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $274.87 million for the quarter, compared to analysts’ expectations of $268.56 million. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The business’s revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share.

Institutional Trading of Cactus

Several large investors have recently bought and sold shares of WHD. Vanguard Group Inc. raised its stake in shares of Cactus by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 6,518,664 shares of the company’s stock worth $295,947,000 after buying an additional 148,355 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Cactus by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock valued at $119,404,000 after acquiring an additional 108,905 shares in the last quarter. Boston Trust Walden Corp raised its position in Cactus by 1.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock worth $88,127,000 after acquiring an additional 26,185 shares during the last quarter. FMR LLC lifted its holdings in shares of Cactus by 181.5% in the third quarter. FMR LLC now owns 1,898,398 shares of the company’s stock valued at $95,319,000 after purchasing an additional 1,224,079 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of Cactus by 39.1% in the first quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company’s stock valued at $66,921,000 after purchasing an additional 375,829 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Insider Buying and Selling

In other Cactus news, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 20 shares of the company’s stock, valued at $915.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Cactus news, CEO Scott Bender sold 78,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 20 shares of the company’s stock, valued at $915.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William D. Marsh sold 1,700 shares of Cactus stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The disclosure for this sale can be found here. 16.84% of the stock is currently owned by corporate insiders.

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.