Tidewater Inc. (TDW) Declares Quarterly Dividend of $0.25
Tidewater (NYSE:TDW) announced a quarterly dividend on Thursday, January 30th, Analyst RN reports. Investors of record on Tuesday, March 4th will be paid a dividend of 0.25 per share on Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%.
A number of analysts have recently weighed in on TDW shares. Analysts at Ned Davis Research downgraded shares of Tidewater from a “neutral” rating to a “sell” rating in a research note to investors on Monday. On the ratings front, analysts at ISI Group raised their price target on shares of Tidewater from $50.00 to $52.00 in a research note to investors on Wednesday, November 6th. They now have a “cautious” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Tidewater from $64.00 to $71.00 in a research note to investors on Wednesday, November 6th. They now have a “sector outperform” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Tidewater presently has an average rating of “Buy” and an average target price of $65.40.
Shares of Tidewater (NYSE:TDW) traded up 0.41% on Thursday, hitting $51.60. The stock had a trading volume of 413,530 shares. Tidewater has a 52-week low of $45.19 and a 52-week high of $63.22. The stock has a 50-day moving average of $56.68 and a 200-day moving average of $58.10. The company has a market cap of $2.543 billion and a price-to-earnings ratio of 15.81.
Tidewater (NYSE:TDW) last announced its earnings results on Tuesday, November 5th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.21. The company had revenue of $367.94 million for the quarter, compared to the consensus estimate of $358.88 million. During the same quarter last year, the company posted $0.83 earnings per share. Tidewater’s revenue was up 18.0% compared to the same quarter last year. Analysts expect that Tidewater will post $4.11 EPS for the current fiscal year.
Tidewater Inc, provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.
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