Tidewater (TDW) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS
Tidewater (NYSE:TDW) posted its quarterly earnings results on Tuesday. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.26, Stock Ratings Network.com reports. The company had revenue of $367.80 million for the quarter, compared to the consensus estimate of $359.84 million. During the same quarter in the prior year, the company posted $0.89 earnings per share.
Tidewater (NYSE:TDW) traded down 0.75% during mid-day trading on Tuesday, hitting $50.62. 388,763 shares of the company’s stock traded hands. Tidewater has a one year low of $45.51 and a one year high of $63.22. The stock has a 50-day moving average of $49.62 and a 200-day moving average of $52.71. The company has a market cap of $2.498 billion and a price-to-earnings ratio of 17.65.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors 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%. The ex-dividend date is Wednesday, June 4th.
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 given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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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