At the time of writing, Tidewater Inc. [TDW] stock is trading at $86.26, up 4.34%. 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 8.75% over the last week, with a monthly amount glided 25.58%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Tidewater Announces Publication of 2023 Sustainability Report. In a post published today on Yahoo Finance, Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”), a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide, today announced the publication of the Company’s 2023 Sustainability Report.
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.
For the past year, the stock price of Tidewater Inc. fluctuated between $37.76 and $86.99. Tidewater Inc. [NYSE: TDW] shares were valued at $86.26 at the most recent close of the market.
Analyzing the TDW fundamentals
According to Tidewater Inc. [NYSE:TDW], the company’s sales were 1.01B for trailing twelve months, which represents an 62.07% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 84.29 points at the first support level, and at 82.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 87.38, and for the 2nd resistance point, it is at 88.50.
Tidewater Inc. [TDW] reported earnings per share of $0.7 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.79/share, meaning a difference of -$0.09 and a surprise factor of -11.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.49 per share as compared to estimates of $1.26 per share, a difference of -$0.77 representing a surprise of -61.10%.
Ratios To Look Out For
It is important to note that Tidewater Inc. [NYSE:TDW] has a current ratio of 1.78. As well, the Quick Ratio is 1.68, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 4.46, the price to book ratio is 4.34 and price to earnings (TTM) ratio is 47.07.
Transactions by insiders
Recent insider trading involved Rubio Samuel R, EVP, CFO & CAO, that happened on Mar 05 ’24 when 19641.0 shares were sold. EVP, COO & CHIEF HR OFFICER, Darling David E completed a deal on Mar 05 ’24 to sell 17821.0 shares. Meanwhile, EVP & GENERAL COUNSEL Hudson Daniel A. sold 8000.0 shares on Mar 05 ’24.
