Wall Street brokerages forecast that Cactus Inc (NYSE:WHD) will post earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cactus’ earnings, with estimates ranging from $0.45 to $0.48. Cactus posted earnings per share of $431.40 in the same quarter last year, which would suggest a negative year over year growth rate of 99.9%. The firm is scheduled to issue its next earnings results on Friday, March 8th.
According to Zacks, analysts expect that Cactus will report full-year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.80. For the next year, analysts anticipate that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.26 to $2.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Cactus.
Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Cactus had a net margin of 11.31% and a return on equity of 51.28%. The company had revenue of $150.70 million for the quarter, compared to analyst estimates of $146.35 million. Cactus’s quarterly revenue was up 57.0% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in WHD. Legal & General Group Plc acquired a new position in shares of Cactus during the 1st quarter valued at $111,000. Royal Bank of Canada acquired a new position in shares of Cactus during the 1st quarter valued at $115,000. Acadian Asset Management LLC acquired a new position in shares of Cactus during the 2nd quarter valued at $1,943,000. Wells Fargo & Company MN lifted its position in shares of Cactus by 91.1% during the 2nd quarter. Wells Fargo & Company MN now owns 279,445 shares of the company’s stock valued at $9,443,000 after acquiring an additional 133,213 shares during the period. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Cactus during the 2nd quarter valued at $6,961,000. Institutional investors own 50.74% of the company’s stock.
Shares of NYSE:WHD traded down $0.47 during trading on Friday, reaching $29.37. The stock had a trading volume of 627,775 shares, compared to its average volume of 544,980. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.28 and a current ratio of 3.52. Cactus has a 52 week low of $19.18 and a 52 week high of $40.97. The firm has a market cap of $2.23 billion and a P/E ratio of 0.02.
Cactus, Inc engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells.
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