Cactus (WHD) Set to Announce Earnings on Wednesday

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

Cactus (NYSE:WHD) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $274.87 million for the quarter, compared to analyst estimates of $268.56 million. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The firm’s quarterly revenue was up 46.4% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. 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

WHD opened at $52.51 on Tuesday. The business’s 50-day moving average price is $48.71 and its two-hundred day moving average price is $45.54. Cactus has a 1 year low of $31.36 and a 1 year high of $57.00. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 9.32 and a beta of 1.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WHD shares. Bank of America lifted their target price on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Monday, April 15th. Benchmark lowered Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus cut their price objective on Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $55.29.

Insiders Place Their Bets

In other news, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were 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 owns 3,911 shares in the company, valued at approximately $180,688.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Cactus news, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the transaction, the chief executive officer now directly owns 20 shares of the company’s stock, valued at approximately $915.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were 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. Company insiders own 16.84% of the company’s stock.

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.