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

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

Cactus Stock Up 3.6 %

Shares of NYSE WHD traded up $1.76 during trading on Thursday, hitting $51.30. The stock had a trading volume of 623,669 shares, compared to its average volume of 604,563. Cactus has a 12 month low of $31.36 and a 12 month high of $57.00. 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 company has a market capitalization of $4.07 billion, a PE ratio of 19.43, a PEG ratio of 8.93 and a beta of 1.95. The firm has a fifty day moving average of $48.99 and a two-hundred day moving average of $45.59.

Insider Buying and Selling at Cactus

In related news, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 20 shares of the company’s stock, valued at $915.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 20 shares in the company, valued at $915.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 approximately $180,688.20. The disclosure for this sale can be found here. Insiders own 17.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WHD. Stifel Nicolaus reduced their target price on shares of Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Benchmark lowered shares of Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Bank of America boosted their target price on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.29.

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.