FY2025 Earnings Estimate for Cactus, Inc. (NYSE:WHD) Issued By Zacks Research

Cactus, Inc. (NYSE:WHD) – Equities researchers at Zacks Research decreased their FY2025 earnings per share estimates for shares of Cactus in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $3.59 for the year, down from their prior estimate of $3.60. The consensus estimate for Cactus’ current full-year earnings is $2.87 per share. Zacks Research also issued estimates for Cactus’ FY2026 earnings at $3.75 EPS.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus cut their price objective on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Bank of America raised their price objective on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Monday, April 15th. Finally, Benchmark downgraded Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.29.

Cactus Trading Up 0.2 %

NYSE WHD opened at $51.82 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Cactus has a twelve month low of $31.36 and a twelve month high of $57.00. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 9.41 and a beta of 1.96. The business’s fifty day moving average is $48.59 and its 200 day moving average is $45.59.

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

Insider Buying and Selling

In related 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 transaction 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 approximately $915.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 transaction 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 approximately $915.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the transaction, the executive vice president now directly owns 3,911 shares of the company’s stock, valued at $180,688.20. The disclosure for this sale can be found here. 17.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its position in shares of Cactus by 198.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 208,010 shares of the company’s stock worth $9,444,000 after acquiring an additional 138,294 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Cactus by 1.4% in the 4th 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 in the last quarter. FMR LLC raised its position in shares of Cactus by 181.5% in the 3rd quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after acquiring an additional 1,224,079 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Cactus by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 572,530 shares of the company’s stock worth $28,747,000 after acquiring an additional 18,673 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Cactus by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,979 shares of the company’s stock worth $451,000 after acquiring an additional 1,071 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

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.