Cactus (WHD) to Release Earnings on Wednesday

Cactus (NYSE:WHD) is anticipated to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Cactus to post earnings of $0.72 per share and revenue of $277.59 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Cactus Stock Up 1.9 %

Cactus stock opened at $61.17 on Wednesday. The company has a 50 day moving average of $60.52 and a 200-day moving average of $61.16. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus has a twelve month low of $44.57 and a twelve month high of $70.01. The stock has a market capitalization of $4.87 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 5.14 and a beta of 1.97.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, March 3rd. Cactus’s payout ratio is currently 18.44%.

Analyst Ratings Changes

Separately, Barclays lowered Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.40.

About Cactus

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.