Brokerages expect Cactus Inc (NYSE:WHD) to report $141.66 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cactus’ earnings. The lowest sales estimate is $139.87 million and the highest is $143.00 million. Cactus posted sales of $139.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The firm is scheduled to report its next quarterly earnings results on Wednesday, March 4th.

On average, analysts expect that Cactus will report full year sales of $630.10 million for the current fiscal year, with estimates ranging from $628.04 million to $631.06 million. For the next financial year, analysts anticipate that the business will report sales of $638.88 million, with estimates ranging from $609.00 million to $706.03 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Cactus.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $160.81 million for the quarter, compared to analyst estimates of $159.80 million. Cactus had a net margin of 13.45% and a return on equity of 30.14%.

A number of analysts have issued reports on the company. Zacks Investment Research raised Cactus from a “strong sell” rating to a “hold” rating in a research report on Sunday, November 3rd. Barclays reissued a “buy” rating and issued a $35.00 target price on shares of Cactus in a research report on Friday, November 1st. Morgan Stanley cut their target price on Cactus from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. ValuEngine raised Cactus from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Citigroup cut their target price on Cactus from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $38.20.

Shares of WHD stock traded up $0.67 during trading on Thursday, hitting $31.27. 321,948 shares of the stock traded hands, compared to its average volume of 283,226. The firm has a market capitalization of $2.30 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 3.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.32 and a quick ratio of 3.07. Cactus has a 52-week low of $24.23 and a 52-week high of $40.68. The firm’s fifty day moving average price is $29.74 and its 200-day moving average price is $29.76.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be paid a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. Cactus’s dividend payout ratio (DPR) is 20.22%.

Several large investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY grew its stake in shares of Cactus by 19.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 15,562 shares of the company’s stock worth $450,000 after acquiring an additional 2,541 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Cactus by 19.4% in the third quarter. Squarepoint Ops LLC now owns 97,736 shares of the company’s stock worth $2,828,000 after acquiring an additional 15,864 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Cactus by 1.2% in the third quarter. California State Teachers Retirement System now owns 73,400 shares of the company’s stock worth $2,124,000 after acquiring an additional 900 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Cactus by 10.6% in the third quarter. Stifel Financial Corp now owns 7,225 shares of the company’s stock worth $210,000 after acquiring an additional 691 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Cactus by 998.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,813 shares of the company’s stock worth $197,000 after acquiring an additional 6,193 shares in the last quarter. Institutional investors and hedge funds own 65.55% of the company’s stock.

About Cactus

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

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