Tidewater Inc. [TDW] stock is trading at $73.88, up 1.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TDW shares have gain 8.71% over the last week, with a monthly amount glided 0.26%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Tidewater Announces Earnings Conference Call. In a post published today on Yahoo Finance, Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Friday, March 1, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three and twelve months ending December 31, 2023.
From an analyst’s perspective:
Tidewater Inc. [NYSE: TDW] stock has seen the most recent analyst activity on February 09, 2024, when Johnson Rice initiated its Buy rating and assigned the stock a price target of $88. On July 14, 2023, Raymond James initiated with a Strong Buy rating and assigned a price target of $85 on the stock. BTIG Research initiated its recommendation with a Buy and recommended $75 as its price target on June 21, 2023. In a note dated March 09, 2020, Evercore ISI downgraded an In-line rating on this stock.
Tidewater Inc. [TDW] stock has fluctuated between $37.76 and $77.53 over the past year. Tidewater Inc. [NYSE: TDW] shares were valued at $73.88 at the most recent close of the market.
Analyzing the TDW fundamentals
Tidewater Inc. [NYSE:TDW] reported sales of 894.07M for the trailing twelve months, which represents a growth of 56.06%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 72.49 points at the first support level, and at 71.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.68, and for the 2nd resistance point, it is at 75.49.
Tidewater Inc. [TDW] reported earnings per share of $0.49 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.26/share, meaning a difference of -$0.77 and a surprise factor of -61.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.43 per share as compared to estimates of $0.65 per share, a difference of -$0.22 representing a surprise of -33.80%.
Ratios To Look Out For
For context, Tidewater Inc.’s Current Ratio is 1.71. As well, the Quick Ratio is 1.63, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.32, the price to book ratio is 3.78 and price to earnings (TTM) ratio is 55.13.
Transactions by insiders
Recent insider trading involved ROBOTTI ROBERT, Director, that happened on Sep 07 when 1486.0 shares were purchased. EVP, COO, Darling David E completed a deal on Sep 06 to sell 19250.0 shares. Meanwhile, EVP, COO Darling David E sold 250.0 shares on Sep 05.
