Tidewater (TDW) Projected to Post Earnings on Thursday

Tidewater (NYSE:TDW - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect Tidewater to post earnings of $0.49 per share and revenue of $325.90 million for the quarter.

Tidewater Price Performance

Shares of NYSE TDW traded up $1.01 during midday trading on Tuesday, reaching $37.59. 1,256,072 shares of the company traded hands, compared to its average volume of 1,086,511. The firm has a market cap of $1.93 billion, a PE ratio of 11.05 and a beta of 0.70. The stock's 50-day simple moving average is $39.77 and its 200-day simple moving average is $49.54. Tidewater has a 12 month low of $31.17 and a 12 month high of $111.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29.

Wall Street Analysts Forecast Growth

TDW has been the subject of a number of research analyst reports. Evercore ISI cut Tidewater from an "outperform" rating to an "in-line" rating and cut their price target for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners cut Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.50.

Insider Transactions at Tidewater

In related news, Director Robert Robotti bought 1,770 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $40.95 per share, for a total transaction of $72,481.50. Following the transaction, the director now owns 2,183,670 shares of the company's stock, valued at $89,421,286.50. This represents a 0.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.33% of the company's stock.

About Tidewater

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.