Zacks Research Issues Positive Estimate for Cactus Earnings

Cactus, Inc. (NYSE:WHD) – Research analysts at Zacks Research lifted their Q3 2026 earnings estimates for shares of Cactus in a research report issued to clients and investors on Thursday, July 16th. Zacks Research analyst Team now expects that the company will earn $0.76 per share for the quarter, up from their previous 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.

WHD has been the subject of several other research reports. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 price target (up from $66.00) on shares of Cactus in a research note on Tuesday, June 16th. Barclays boosted their target price on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Citigroup upped their target price on Cactus from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Piper Sandler lifted their price target on shares of Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.60.

Cactus Trading Down 1.5%

Shares of NYSE:WHD opened at $53.71 on Monday. Cactus has a 1 year low of $33.20 and a 1 year high of $64.30. The firm has a fifty day moving average price of $56.07 and a 200 day moving average price of $53.87. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.31 billion, a PE ratio of 50.67, a P/E/G ratio of 2.05 and a beta of 1.38.

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

Institutional Investors Weigh In On Cactus

Several hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System raised its holdings in shares of Cactus by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,066 shares of the company’s stock worth $460,000 after acquiring an additional 208 shares during the period. Covestor Ltd boosted its stake in Cactus by 8.6% in the 4th quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $126,000 after purchasing an additional 219 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Cactus by 0.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock worth $2,532,000 after purchasing an additional 269 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Cactus by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after purchasing an additional 300 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Cactus by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock worth $2,909,000 after purchasing an additional 306 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Insider Activity

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

Cactus Dividend Announcement

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

Cactus Company Profile

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.