Cactus, Inc. (WHD) To Go Ex-Dividend on June 1st

Cactus, Inc. (NYSE:WHD) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 1st will be given a dividend of 0.14 per share on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st.

Cactus has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Cactus has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cactus to earn $3.52 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 15.9%.

Cactus Trading Down 0.4%

Cactus stock opened at $58.04 on Friday. Cactus has a 52 week low of $33.20 and a 52 week high of $64.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. The stock has a market capitalization of $4.65 billion, a P/E ratio of 54.75, a PEG ratio of 2.29 and a beta of 1.37. The stock has a 50-day simple moving average of $54.14 and a 200 day simple moving average of $51.12.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The business had revenue of $388.35 million during the quarter, compared to analysts’ expectations of $380.42 million. During the same quarter last year, the company posted $0.73 earnings per share. Cactus’s quarterly revenue was up 38.5% on a year-over-year basis. Analysts expect that Cactus will post 2.86 earnings per share for the current year.

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.