Cactus (WHD) Scheduled to Post Earnings on Wednesday

Cactus (NYSE:WHD) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Cactus to post earnings of $0.72 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Cactus (NYSE:WHD) last issued its earnings results on Thursday, February 29th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $274.87 million during the quarter, compared to analyst estimates of $268.56 million. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The business’s revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. On average, analysts expect Cactus to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cactus Stock Performance

Shares of WHD opened at $52.56 on Wednesday. The stock has a market capitalization of $4.17 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 9.21 and a beta of 1.96. The business’s fifty day moving average price is $48.10 and its 200 day moving average price is $45.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. Cactus has a 12-month low of $31.36 and a 12-month high of $57.00.

Insider Buying and Selling at Cactus

In other news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $915.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 transaction, the chief executive officer now directly owns 20 shares of the company’s stock, valued at $915.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The disclosure for this sale can be found here. 16.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WHD shares. Stifel Nicolaus reduced their price target on shares of Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Bank of America raised their target price on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. Finally, Benchmark lowered 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 assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Cactus currently has an average rating of “Hold” and an average price target of $55.29.

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.