Zacks Research Has Positive Forecast for Cactus Q3 Earnings

Cactus, Inc. (NYSE:WHD) – Zacks Research lifted their Q3 2026 EPS estimates for Cactus in a research note issued to investors on Thursday, July 16th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.76 for the quarter, up from their prior forecast of $0.69. The consensus estimate for Cactus’ current full-year earnings is $2.92 per share. Zacks Research also issued estimates for Cactus’ FY2026 earnings at $2.91 EPS and Q1 2027 earnings at $0.84 EPS.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The firm had revenue of $388.35 million for the quarter, compared to analyst estimates of $380.42 million. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The business’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS.

Other research analysts have also recently issued reports about the company. Barclays upped their price target on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Citigroup boosted their price objective on Cactus from $65.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Piper Sandler increased their target price on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price (up from $66.00) on shares of Cactus in a research note on Tuesday, June 16th. Finally, Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.60.

Cactus Stock Up 0.3%

Cactus stock opened at $54.64 on Monday. The company has a market capitalization of $4.38 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. Cactus has a fifty-two week low of $33.20 and a fifty-two week high of $64.30. The firm has a 50 day moving average price of $56.13 and a 200 day moving average price of $53.81.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 1st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. Cactus’s dividend payout ratio is currently 52.83%.

Insiders Place Their Bets

In other news, Director Michael Y. Mcgovern sold 12,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total value of $678,840.00. Following the sale, the director directly owned 15,990 shares in the company, valued at approximately $904,554.30. This trade represents a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Semple sold 10,206 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.62, for a total value of $577,863.72. Following the completion of the sale, the director owned 29,444 shares in the company, valued at approximately $1,667,119.28. The trade was a 25.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 12.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cactus

Large investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System increased its holdings in shares of Cactus by 2.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 10,066 shares of the company’s stock valued at $460,000 after purchasing an additional 208 shares in the last quarter. Covestor Ltd boosted its holdings in Cactus by 8.6% during the fourth quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $126,000 after buying an additional 219 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Cactus by 0.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock worth $2,532,000 after buying an additional 269 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Cactus by 1.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after buying an additional 300 shares during the period. Finally, California State Teachers Retirement System grew its position in Cactus by 0.5% during the second quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock worth $2,909,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus News Summary

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Zacks Research raised its earnings forecasts for Cactus across multiple future periods, including FY2027 to $3.55 per share and FY2028 to $3.99 per share, implying improved outlook and potentially supporting the stock.
• Positive Sentiment: Analysts also increased near- and medium-term quarterly EPS estimates, including Q4 2026, Q2 2027, Q3 2027, Q4 2027, Q1 2028, and Q2 2028, reinforcing expectations for steady earnings growth.
• Neutral Sentiment: Cactus announced it will release second-quarter 2026 earnings after market close on July 29 and host a conference call on July 30, setting up a near-term event that could move the shares depending on results. Article Title

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.