Cactus (NYSE:WHD) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Cactus (NYSE:WHD) posted its 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 return on equity of 20.24% and a net margin of 16.57%.

Cactus Trading Down 0.6 %

WHD traded down $0.35 during trading on Wednesday, hitting $57.11. The company’s stock had a trading volume of 719,547 shares, compared to its average volume of 478,745. The stock has a market cap of $4.55 billion, a PE ratio of 20.25, 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 has a twelve month low of $44.57 and a twelve month high of $70.01. The firm’s 50 day moving average price is $60.03 and its 200-day moving average price is $61.18.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.91%. Cactus’s dividend payout ratio (DPR) is currently 18.44%.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.