Tidewater Receives Average Rating of “Hold” from Analysts (NYSE:TDW)
Shares of Tidewater (NYSE:TDW) have earned an average rating of “Hold” from the fourteen brokerages that are covering the company, American Banking and Market News reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to 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.
Tidewater (NYSE:TDW) opened at 49.63 on Friday. Tidewater has a 52 week low of $45.51 and a 52 week high of $63.22. The stock’s 50-day moving average is $49.60 and its 200-day moving average is $50.06. The company has a market cap of $2.461 billion and a P/E ratio of 15.91.
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. On average, analysts predict that Tidewater will post $4.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders 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 is Wednesday, September 3rd.
Several analysts have recently commented on the stock. 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, August 21st. Separately, analysts at Clarkson Capital downgraded shares of Tidewater from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 20th. 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.
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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