Tidewater Inc. (TDW) Posts Earnings Results, Beats Expectations By $37.99 EPS

Tidewater Inc. (NYSE:TDW) posted its quarterly earnings data on Wednesday. The oil and gas company reported ($0.81) EPS for the quarter, beating analysts’ consensus estimates of ($38.80) by $37.99, RTT News reports. The company had revenue of $74.30 million for the quarter, compared to analyst estimates of $112.90 million. The firm’s revenue was down 48.3% on a year-over-year basis. During the same period in the previous year, the business earned ($31.73) EPS.

Tidewater (NYSE TDW) traded down $0.67 on Friday, hitting $26.23. The stock had a trading volume of 36,156 shares, compared to its average volume of 154,695. Tidewater has a 12 month low of $20.37 and a 12 month high of $30.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.18 and a current ratio of 4.30.

Several equities research analysts recently commented on TDW shares. Zacks Investment Research upgraded Tidewater from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a report on Wednesday, July 19th. BidaskClub upgraded Tidewater from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Clarkson Capital upgraded Tidewater from a “neutral” rating to a “buy” rating in a report on Tuesday, August 15th.

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About Tidewater

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.

Earnings History for Tidewater (NYSE:TDW)

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