In the last trading session, 1.24 million shares of the Tidewater Inc (NYSE:TDW) were traded, and its beta was 0.68. Most recently the company’s share price was $43.51, and it changed around -$0.53 or -1.20% from the last close, which brings the market valuation of the company to $2.24B. TDW currently trades at a discount to its 52-week high of $111.42, offering almost -156.08% off that amount. The share price’s 52-week low was $38.65, which indicates that the current value has risen by an impressive 11.17% since then. We note from Tidewater Inc’s average daily trading volume that its 10-day average is 1.25 million shares, with the 3-month average coming to 1.21 million.
Tidewater Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended TDW as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Tidewater Inc is expected to report earnings per share of 0.65 for the current quarter.
Tidewater Inc (NYSE:TDW) trade information
Instantly TDW has showed a red trend with a performance of -1.20% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 45.12 on recent trading dayincreased the stock’s daily price by 3.57%. The company’s shares are currently down -20.47% year-to-date, but still up 5.27% over the last five days. On the other hand, Tidewater Inc (NYSE:TDW) is -13.12% down in the 30-day period. We can see from the shorts that 5.72 million shares have been sold at a short interest cover period of 5.32 day(s).
The consensus price target as assigned by Wall Street analysts is $96, which translates to bulls needing to increase their stock price by 54.68% from its current value. Analyst projections state that TDW is forecast to be at a low of $90 and a high of $102.
Tidewater Inc (TDW) estimates and forecasts
The year-over-year growth rate is expected to be 0.37%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 325.9M in revenue for the current quarter. 5 analysts expect Tidewater Inc to make 331.47M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 321.16M and 339.23M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.48%. Forecasts for the next quarter put sales growth at -2.29%.
Tidewater Inc earnings are expected to increase by 1.76% in 2025, but the outlook is positive 32.71% per year for the next five years.
TDW Dividends
Tidewater Inc’s next quarterly earnings report is expected to be released on 2025-Feb-26.
Tidewater Inc (NYSE:TDW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.36% of Tidewater Inc shares, and 105.16% of them are in the hands of institutional investors. The stock currently has a share float of 106.62%. Tidewater Inc stock is held by 401.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 12.4958% of the shares, which is about 6.58 million shares worth $626.79 million.
VANGUARD GROUP INC, with 10.394% or 5.44 million shares worth $517.77 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Small-Cap ETF and Neuberger Berman Genesis Fund were the top two Mutual Funds as of Feb 28, 2025 . The former held 2.49 shares worth $108.4 million, making up 4.84% of all outstanding shares. On the other hand, Neuberger Berman Genesis Fund held roughly 1.81 shares worth around $78.71 million, which represents about 3.51% of the total shares outstanding.
