FY2025 Earnings Forecast for Cactus, Inc. Issued By Zacks Research (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Equities researchers at Zacks Research raised their FY2025 earnings per share (EPS) estimates for Cactus in a report released on Friday, April 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $3.60 per share for the year, up from their prior forecast of $3.59. The consensus estimate for Cactus’ current full-year earnings is $2.87 per share.

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

Cactus Stock Up 2.6 %

WHD opened at $52.56 on Monday. The company has a 50 day moving average of $48.10 and a 200 day moving average of $45.46. Cactus has a 12 month low of $31.36 and a 12 month high of $57.00. The company has a market cap of $4.17 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 9.10 and a beta of 1.96. The company has a current ratio of 3.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The company had revenue of $274.87 million for the quarter, compared to the consensus estimate of $268.56 million. During the same quarter in the previous year, the company earned $0.57 EPS. Cactus’s quarterly revenue was up 46.4% compared to the same quarter last year.

Insider Activity

In related news, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the sale, the chief executive officer now owns 20 shares of the company’s stock, valued at approximately $915.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Cactus news, CEO Scott Bender sold 78,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 20 shares of the company’s stock, valued at approximately $915.80. The transaction 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 stock in a transaction that occurred on 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 transaction, the executive vice president now owns 3,911 shares in the company, valued at $180,688.20. The disclosure for this sale can be found here. Company insiders own 16.84% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Principal Securities Inc. purchased a new position in Cactus in the 4th quarter worth approximately $30,000. GAMMA Investing LLC acquired a new stake in shares of Cactus in the fourth quarter valued at approximately $33,000. NBC Securities Inc. bought a new stake in shares of Cactus in the 3rd quarter worth $36,000. Signaturefd LLC boosted its stake in Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after buying an additional 533 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Cactus during the 3rd quarter valued at $70,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

About Cactus

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.