Analysts Set Expectations for Cactus’ Q3 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Equities researchers at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of Cactus in a report released on Monday, October 5th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.80 per share for the quarter, up from their previous forecast of $0.77. The consensus estimate for Cactus’ current full-year earnings is $3.06 per share. Zacks Research also issued estimates for Cactus’ Q4 2026 earnings at $0.72 EPS, FY2026 earnings at $3.15 EPS, Q2 2027 earnings at $0.79 EPS and Q3 2027 earnings at $0.81 EPS.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.29. Cactus had a return on equity of 16.66% and a net margin of 6.01%.The firm had revenue of $449.53 million during the quarter, compared to analysts’ expectations of $400.82 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. The company’s revenue was up 64.3% on a year-over-year basis.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Cactus from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Piper Sandler boosted their price objective 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. Stifel Nicolaus upped their price objective on Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Citigroup decreased their target price on Cactus from $75.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Finally, Barclays boosted their price target on Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cactus presently has an average rating of “Hold” and an average price target of $66.40.

Cactus Stock Up 0.4%

Cactus stock opened at $63.37 on Wednesday. The stock has a fifty day moving average of $68.02 and a 200 day moving average of $59.34. The stock has a market cap of $5.08 billion, a PE ratio of 54.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.42. Cactus has a one year low of $33.20 and a one year high of $74.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.59.

Cactus Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were given a dividend of $0.15 per share. This is an increase from Cactus’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 31st. Cactus’s dividend payout ratio (DPR) is 51.28%.

Insiders Place Their Bets

In related news, CEO Steven Bender sold 25,000 shares of Cactus stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $67.65, for a total transaction of $1,691,250.00. Following the sale, the chief executive officer owned 99,241 shares of the company’s stock, valued at approximately $6,713,653.65. This trade represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen Tadlock sold 38,455 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $63.80, for a total value of $2,453,429.00. Following the completion of the transaction, the chief executive officer directly owned 43,178 shares in the company, valued at approximately $2,754,756.40. This represents a 47.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 463,455 shares of company stock worth $29,495,764 over the last quarter. Company insiders own 12.91% of the company’s stock.

Hedge Funds Weigh In On Cactus

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Cactus by 45.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,678 shares of the company’s stock valued at $229,000 after purchasing an additional 1,146 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Cactus by 134.4% in the third quarter. Farther Finance Advisors LLC now owns 3,448 shares of the company’s stock worth $215,000 after buying an additional 1,977 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Cactus in the second quarter worth about $250,000. Squarepoint Ops LLC boosted its stake in Cactus by 104.5% during the second quarter. Squarepoint Ops LLC now owns 369,645 shares of the company’s stock valued at $18,937,000 after buying an additional 188,864 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Cactus by 1.3% during the second quarter. Arizona State Retirement System now owns 19,154 shares of the company’s stock valued at $981,000 after buying an additional 242 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

About Cactus

Cactus, Inc is an oilfield equipment company that designs, manufactures, sells and rents wellhead and pressure control equipment for onshore oil and gas producers. Its products are used throughout the life cycle of a well, from drilling and completion to production and workover operations.

The company’s offerings include conventional and automated wellheads, production trees, frac stacks, zipper manifolds and other pressure control systems. Cactus also provides equipment installation, field service, maintenance, rental and monitoring services intended to help operators improve wellsite safety, efficiency and control.

Founded in 2011 and headquartered in Houston, Texas, Cactus primarily serves oil and gas customers in North America and select international markets.