Tidewater Inc. (NYSE:TDW) will be posting its quarterly earnings results after the market closes on Monday, August 7th. Analysts expect Tidewater to post earnings of ($1.39) per share for the quarter.
Tidewater (NYSE:TDW) last posted its quarterly earnings data on Monday, June 12th. The oil and gas company reported ($0.94) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.29) by $0.35. Tidewater had a negative return on equity of 6.16% and a negative net margin of 109.72%. The business had revenue of $160.75 million for the quarter, compared to analysts’ expectations of $118.75 million. On average, analysts expect Tidewater to post $-169.67 EPS for the current fiscal year and $-148.49 EPS for the next fiscal year.
Tidewater Inc. (TDW) opened at 25.23 on Friday. The firm has a 50-day moving average price of $27.16 and a 200 day moving average price of $35.08. The stock’s market cap is $1.19 billion. Tidewater Inc. has a 52-week low of $20.37 and a 52-week high of $29.14.
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A number of research firms have commented on TDW. BidaskClub raised Tidewater from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research lowered Tidewater from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.17.
Tidewater Company Profile
Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.
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