Tidewater Given Consensus Recommendation of “Hold” by Analysts (NYSE:TDW)
Tidewater (NYSE:TDW) has been given an average recommendation of “Hold” by the fourteen brokerages that are covering the stock, AnalystRatings.NET reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $61.50.
A number of research firms have recently commented on TDW. Analysts at Capital One Financial Corp. downgraded shares of Tidewater from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Separately, analysts at Clarkson Capital downgraded shares of Tidewater from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, analysts at Global Hunter Securities downgraded shares of Tidewater from a “buy” rating to an “accumulate” rating in a research note on Monday, August 11th. They now have a $55.00 price target on the stock, down previously from $58.00.
Shares of Tidewater (NYSE:TDW) traded down 0.77% during mid-day trading on Friday, hitting $49.27. The stock had a trading volume of 25,876 shares. 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 $49.76 and its 200-day moving average is $50.04. The company has a market cap of $2.443 billion and a price-to-earnings ratio of 16.07.
Tidewater (NYSE:TDW) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.04. The company had revenue of $385.70 million for the quarter, compared to the consensus estimate of $382.06 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that Tidewater will post $4.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Tidewater Inc provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.