Tidewater (TDW) to Release Earnings on Tuesday
Tidewater (NYSE:TDW) is set to post its Q414 quarterly earnings results on Tuesday, May 20th. Analysts expect Tidewater to post earnings of $0.62 per share and revenue of $359.84 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Shares of Tidewater (NYSE:TDW) opened at 50.52 on Monday. Tidewater has a 1-year low of $45.51 and a 1-year high of $63.22. The stock’s 50-day moving average is $49. and its 200-day moving average is $52.91. The company has a market cap of $2.493 billion and a price-to-earnings ratio of 17.44.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.98%.
TDW has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Tidewater from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $48.70 price target on the stock. On a related note, analysts at Ned Davis Research upgraded shares of Tidewater from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.86.
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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