Zacks Research Has Bullish Forecast for Cactus Q3 Earnings

Cactus, Inc. (NYSE:WHD) – Equities researchers at Zacks Research increased their Q3 2026 earnings per share estimates for shares of Cactus in a note issued to investors on Thursday, July 16th. Zacks Research analyst Team now expects that the company will post earnings of $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.

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

Cactus Price Performance

Shares of NYSE WHD opened at $55.16 on Monday. Cactus has a fifty-two week low of $33.20 and a fifty-two week high of $64.30. The company has a market cap of $4.42 billion, a PE ratio of 52.03, a P/E/G ratio of 2.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. The business has a 50-day simple moving average of $56.03 and a two-hundred day simple moving average of $53.93.

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

Institutional Trading of Cactus

Several institutional investors and hedge funds have recently bought and sold shares of the business. VELA Investment Management LLC lifted its position in Cactus by 24.2% during the fourth quarter. VELA Investment Management LLC now owns 146,042 shares of the company’s stock valued at $6,671,000 after purchasing an additional 28,493 shares during the period. Paradice Investment Management LLC boosted its holdings in Cactus by 16.1% in the fourth quarter. Paradice Investment Management LLC now owns 675,932 shares of the company’s stock valued at $30,877,000 after purchasing an additional 93,714 shares during the last quarter. UBS Group AG grew its position in Cactus by 81.8% during the 4th quarter. UBS Group AG now owns 380,513 shares of the company’s stock worth $17,382,000 after purchasing an additional 171,223 shares during the period. Vest Financial LLC grew its position in Cactus by 24.7% during the 4th quarter. Vest Financial LLC now owns 134,568 shares of the company’s stock worth $6,147,000 after purchasing an additional 26,669 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Cactus by 7.8% during the 4th quarter. Royce & Associates LP now owns 398,549 shares of the company’s stock valued at $18,206,000 after buying an additional 28,973 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Alan Semple sold 10,206 shares of the company’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 in the company, valued at $1,667,119.28. This represents a 25.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Y. Mcgovern sold 12,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total transaction of $678,840.00. Following the completion of the transaction, the director owned 15,990 shares in the company, valued at approximately $904,554.30. This trade represents a 42.87% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 12.91% of the company’s stock.

Cactus Dividend Announcement

The company 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. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 1st. Cactus’s dividend payout ratio (DPR) 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.