In the last trading session, 1.09 million Tidewater Inc (NYSE:TDW) shares changed hands as the company’s beta touched 0.71. With the company’s per share price at $41.33 changed hands at -$0.12 or -0.29% during last session, the market valuation stood at $2.13B. TDW’s last price was a discount, traded about -169.59% off its 52-week high of $111.42. The share price had its 52-week low at $38.65, which suggests the last value was 6.48% up since then. When we look at Tidewater Inc’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 1.24 million.
Analysts gave the Tidewater Inc (TDW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended TDW as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Tidewater Inc’s EPS for the current quarter is expected to be 0.65.
Tidewater Inc (NYSE:TDW) trade information
Instantly TDW was in red as seen at the end of in last trading. With action 1.67%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -24.46%, with the 5-day performance at 1.67% in the green. However, in the 30-day time frame, Tidewater Inc (NYSE:TDW) is -24.01% down. Looking at the short shares, we see there were 5.72 million shares sold at short interest cover period of 5.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 96, meaning bulls need an upside of 56.95% from its current market value. According to analyst projections, TDW’s forecast low is 90 with 102 as the target high. To hit the forecast high, the stock’s price needs a -146.79% plunge from its current level, while the stock would need to soar -117.76% for it to hit the projected low.
Tidewater Inc (TDW) estimates and forecasts
Year-over-year growth is forecast to reach 0.37% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 325.9M. 5 analysts are of the opinion that Tidewater Inc’s revenue for the current quarter will be 331.47M. The company’s revenue for the corresponding quarters a year ago was 321.16M and 339.23M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.48%. The estimates for the next quarter sales put growth at -2.29%.
The 2025 estimates are for Tidewater Inc earnings to increase by 1.76%, but the outlook for the next 5-year period is at 32.71% per year.
TDW Dividends
Tidewater Inc is expected to release its next quarterly earnings report on 2025-Feb-26.
Tidewater Inc (NYSE:TDW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.26% of Tidewater Inc shares while 105.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.63%. There are 105.28% institutions holding the Tidewater Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 12.5827% of the shares, roughly 6.58 million TDW shares worth $626.79 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.394% or 5.44 million shares worth $517.77 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core S&P Smallcap ETF and Neuberger & Berman Genesis Fund . With 2.49 shares estimated at $102.97 million under it, the former controlled 4.84% of total outstanding shares. On the other hand, Neuberger & Berman Genesis Fund held about 3.51% of the shares, roughly 1.81 shares worth around $74.76 million.
