Tidewater Inc. Plans Quarterly Dividend of $0.25 (TDW)
Tidewater (NYSE:TDW) announced a quarterly dividend on Friday, August 1st, Analyst RN reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.25 per share on Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.12%.
A number of research firms have recently commented on TDW. Analysts at Zacks downgraded shares of Tidewater from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 22nd. They now have a $48.00 price target on the stock. On a related note, analysts at Morgan Stanley downgraded shares of Tidewater from an “overweight” rating to an “underweight” rating in a research note on Monday, July 7th. They now have a $50.00 price target on the stock, down previously from $59.00. Finally, analysts at Argus raised their price target on shares of Tidewater from $58.00 to $71.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.82.
Shares of Tidewater (NYSE:TDW) traded down 0.41% during mid-day trading on Friday, hitting $47.0775. 66,044 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’s 50-day moving average is $52.37 and its 200-day moving average is $50.56. The company has a market cap of $2.332 billion and a P/E ratio of 16.76.
Tidewater (NYSE:TDW) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.26. 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. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts predict that Tidewater will post $4.68 earnings per share 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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