Earnings results for Cactus (NYSE:WHD)
Cactus, Inc. is expected* to report earnings on 02/24/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.07. The reported EPS for the same quarter last year was $0.37.
Analyst Opinion on Cactus (NYSE:WHD)
13 Wall Street analysts have issued ratings and price targets for Cactus in the last 12 months. Their average twelve-month price target is $23.71, predicting that the stock has a possible downside of 20.56%. The high price target for WHD is $34.00 and the low price target for WHD is $14.00. There are currently 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”
Cactus has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $23.71, Cactus has a forecasted downside of 20.6% from its current price of $29.85. Cactus has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Cactus (NYSE:WHD)
Cactus has a dividend yield of 1.21%, which is in the bottom 25% of all stocks that pay dividends. Cactus has only been increasing its dividend for 1 years. The dividend payout ratio of Cactus is 19.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Cactus will have a dividend payout ratio of 100.00% in the coming year. This indicates that Cactus may not be able to sustain their current dividend.
Insiders buying/selling: Cactus (NYSE:WHD)
In the past three months, Cactus insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,829,443.00 in company stock. Only 24.28% of the stock of Cactus is held by insiders. 62.66% of the stock of Cactus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Cactus (NYSE:WHD
Earnings for Cactus are expected to decrease by -28.00% in the coming year, from $0.50 to $0.36 per share. The P/E ratio of Cactus is 22.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.32. The P/E ratio of Cactus is 22.96, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 26.27. Cactus has a P/B Ratio of 4.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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