Cactus (NYSE:WHD – Get Rating) will be posting its quarterly earnings results before the market opens on Thursday, August 4th. Analysts expect Cactus to post earnings of $0.36 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Cactus (NYSE:WHD – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Cactus had a net margin of 11.73% and a return on equity of 8.10%. The firm had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $139.84 million. During the same period in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 72.8% compared to the same quarter last year. On average, analysts expect Cactus to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Cactus Price Performance
WHD stock opened at $40.42 on Thursday. Cactus has a 12 month low of $31.65 and a 12 month high of $64.18. The company has a current ratio of 5.33, a quick ratio of 4.00 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $43.59 and a 200 day moving average price of $48.59. The stock has a market cap of $3.06 billion, a PE ratio of 41.24, a P/E/G ratio of 0.66 and a beta of 2.08.
Cactus Announces Dividend
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The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Monday, May 30th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.09%. Cactus’s dividend payout ratio is presently 44.90%.
Insider Transactions at Cactus
In other news, Director Alan Semple sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $48.84, for a total value of $976,800.00. Following the completion of the sale, the director now owns 30,035 shares of the company’s stock, valued at approximately $1,466,909.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Alan Semple sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $48.84, for a total value of $976,800.00. Following the completion of the sale, the director now owns 30,035 shares of the company’s stock, valued at approximately $1,466,909.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Y. Mcgovern sold 9,925 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $46.71, for a total transaction of $463,596.75. Following the transaction, the director now owns 18,375 shares of the company’s stock, valued at approximately $858,296.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,389,748 shares of company stock valued at $73,478,068. Company insiders own 21.10% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Cactus by 70.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,016 shares of the company’s stock worth $172,000 after acquiring an additional 1,247 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of Cactus during the 1st quarter worth approximately $200,000. Sawtooth Solutions LLC bought a new position in shares of Cactus during the 1st quarter worth approximately $267,000. Westwood Holdings Group Inc. acquired a new position in Cactus during the 1st quarter valued at approximately $268,000. Finally, Jane Street Group LLC acquired a new position in Cactus during the 1st quarter valued at approximately $743,000.
Analysts Set New Price Targets
Several equities research analysts have issued reports on WHD shares. Stifel Nicolaus boosted their price objective on shares of Cactus from $55.00 to $62.00 in a research report on Friday, April 8th. Morgan Stanley lowered their price objective on shares of Cactus from $60.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 13th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.60.
About Cactus
Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company’s principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.
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