Tidewater (TDW) to Release Earnings on Wednesday
Tidewater (NYSE:TDW) is set to post its Q314 quarterly earnings results on Wednesday, February 5th. Analysts expect Tidewater to post earnings of $1.11 per share and revenue of $374.83 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Tidewater (NYSE:TDW) opened at 50.55 on Tuesday. Tidewater has a 52-week low of $45.19 and a 52-week high of $63.22. The stock’s 50-day moving average is $56.41 and its 200-day moving average is $57.95. The company has a market cap of $2.491 billion and a price-to-earnings ratio of 15.95.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a dividend of 0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, February 28th.
TDW has been the subject of a number of recent research reports. 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, January 27th. 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 issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $65.40.
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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