What is Zacks Research’s Estimate for Cactus Q4 Earnings?

Cactus, Inc. (NYSE:WHD) – Zacks Research upped their Q4 2024 earnings estimates for Cactus in a research report issued on Monday, January 6th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $0.73 per share for the quarter, up from their prior forecast of $0.72. The consensus estimate for Cactus’ current full-year earnings is $3.08 per share. Zacks Research also issued estimates for Cactus’ FY2025 earnings at $3.25 EPS.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The firm had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $287.47 million. During the same period in the prior year, the company posted $0.80 earnings per share. Cactus’s revenue for the quarter was up 1.8% on a year-over-year basis.

Several other equities analysts also recently commented on the company. Stifel Nicolaus lowered their price target on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Bank of America lifted their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. Finally, Barclays cut shares of 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.40.

Cactus Stock Performance

Shares of NYSE WHD opened at $59.42 on Thursday. The business’s 50-day simple moving average is $63.21 and its 200-day simple moving average is $60.08. Cactus has a 52 week low of $37.58 and a 52 week high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.98 and a beta of 1.98.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.88%. Cactus’s payout ratio is 18.44%.

Insider Activity

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the sale, the director now owns 12,177 shares of the company’s stock, valued at $794,183.94. The trade was a 29.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now directly owns 36,357 shares of the company’s stock, valued at $2,230,501.95. The trade was a 47.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,500 shares of company stock valued at $8,916,325. Insiders own 17.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division boosted its holdings in Cactus by 32.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,336 shares of the company’s stock valued at $195,000 after purchasing an additional 820 shares in the last quarter. Versant Capital Management Inc boosted its stake in Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after buying an additional 359 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after acquiring an additional 52,085 shares in the last quarter. Principal Financial Group Inc. grew its stake in Cactus by 4.8% during the third quarter. Principal Financial Group Inc. now owns 342,278 shares of the company’s stock worth $20,424,000 after buying an additional 15,760 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Cactus by 9.1% during the 3rd quarter. Tidal Investments LLC now owns 31,204 shares of the company’s stock valued at $1,862,000 after purchasing an additional 2,591 shares in the last quarter. Institutional investors and hedge funds own 85.11% 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.