Cactus Inc (WHD) to Issue Dividend of $0.09 on December 19th

Cactus Inc (NYSE:WHD) announced a dividend on Tuesday, October 29th, Fidelity reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.09 per share on Thursday, December 19th. The ex-dividend date is Friday, November 29th.

Shares of NYSE WHD opened at $30.85 on Wednesday. The stock has a market cap of $2.27 billion, a PE ratio of 17.33, a PEG ratio of 3.33 and a beta of 1.19. The business has a fifty day moving average of $29.27 and a two-hundred day moving average of $30.02. Cactus has a 52-week low of $24.23 and a 52-week high of $40.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.07 and a current ratio of 4.32.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $160.81 million during the quarter, compared to analysts’ expectations of $159.80 million. Cactus had a return on equity of 30.14% and a net margin of 13.45%. Analysts predict that Cactus will post 1.85 earnings per share for the current year.

A number of research analysts have issued reports on WHD shares. Raymond James cut their price objective on Cactus from $42.00 to $40.00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Wolfe Research started coverage on Cactus in a report on Thursday, November 21st. They set a “hold” rating and a $33.00 price objective for the company. Zacks Investment Research raised Cactus from a “strong sell” rating to a “hold” rating in a report on Sunday, November 3rd. Citigroup cut their price objective on Cactus from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, Barclays reissued a “buy” rating and set a $35.00 price objective on shares of Cactus in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Cactus currently has an average rating of “Buy” and an average price target of $38.20.

About Cactus

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

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