Tidewater (TDW) to Release Quarterly Earnings on Thursday

Tidewater (NYSE:TDW) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.49 per share and revenue of $325.90 million for the quarter.

Tidewater Price Performance

NYSE:TDW opened at $34.07 on Thursday. The company has a 50 day moving average price of $41.13 and a 200-day moving average price of $50.55. Tidewater has a 1-year low of $31.17 and a 1-year high of $111.42. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 10.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $112.00 to $68.00 in a research note on Wednesday, January 15th. Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Insider Buying and Selling at Tidewater

In other Tidewater news, Director Robert Robotti bought 25,000 shares of Tidewater stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the transaction, the director now directly owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. This represents a 1.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.33% of the company’s stock.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.