Cactus (NYSE:WHD) Posts Earnings Results, Beats Estimates By $0.08 EPS

Cactus (NYSE:WHD) posted its quarterly earnings results on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08, Briefing.com reports. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The business had revenue of $274.12 million for the quarter, compared to the consensus estimate of $270.70 million. During the same quarter in the prior year, the company earned $0.64 EPS. The business’s revenue was up 20.0% compared to the same quarter last year.

Cactus Trading Up 2.2 %

Cactus stock traded up $1.10 during trading on Thursday, reaching $50.64. 264,926 shares of the company were exchanged, compared to its average volume of 600,178. Cactus has a 52-week low of $31.36 and a 52-week high of $57.00. The company has a market capitalization of $4.02 billion, a P/E ratio of 19.43, a PEG ratio of 8.93 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $48.99 and its two-hundred day simple moving average is $45.59.

Analyst Upgrades and Downgrades

WHD has been the subject of several research analyst reports. Benchmark cut Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Stifel Nicolaus reduced their price target on Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. Finally, Bank of America lifted their price target on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cactus currently has a consensus rating of “Hold” and a consensus price target of $55.29.

Insider Buying and Selling

In other Cactus news, CEO Scott Bender sold 78,000 shares of Cactus 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 sale, the chief executive officer now owns 20 shares in the company, valued at $915.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the sale, the chief executive officer now owns 20 shares in the company, valued at approximately $915.80. The disclosure for this sale can be found here. 17.72% of the stock is currently owned by company insiders.

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.