Cactus (NYSE:WHD) Announces Quarterly Earnings Results

Cactus (NYSE:WHD) issued its quarterly earnings results on Wednesday. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01), Zacks reports. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million.

Cactus Stock Down 10.7 %

Cactus stock opened at $51.09 on Friday. Cactus has a fifty-two week low of $44.57 and a fifty-two week high of $70.01. The company’s 50 day simple moving average is $59.91 and its 200 day simple moving average is $61.09. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 5.13 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend payout ratio is 18.84%.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective for the company. in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.40.

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.