After finishing at $56.21 in the prior trading day, Tidewater Inc. (NYSE: TDW) closed at $57.77, up 2.78%. In other words, the price has increased by $+1.56 from its previous closing price. On the day, 865352 shares were traded. TDW stock price reached its highest trading level at $58.24 during the session, while it also had its lowest trading level at $57.09.
Our goal is to gain a better understanding of TDW by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Raymond James on July 14, 2023, initiated with a Strong Buy rating and assigned the stock a target price of $85.
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 07 when ROBOTTI ROBERT bought 1,486 shares for $67.32 per share. The transaction valued at 100,033 led to the insider holds 3,235,657 shares of the business.
Darling David E sold 19,250 shares of TDW for $1,298,412 on Sep 06. The EVP, COO now owns 103,780 shares after completing the transaction at $67.45 per share. On Sep 05, another insider, Darling David E, who serves as the EVP, COO of the company, sold 250 shares for $68.41 each. As a result, the insider received 17,102 and left with 123,030 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TDW now has a Market Capitalization of 3.05B and an Enterprise Value of 3.52B. As of this moment, Tidewater’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.11, and their Forward P/E ratio for the next fiscal year is 10.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.41 while its Price-to-Book (P/B) ratio in mrq is 2.96. Its current Enterprise Value per Revenue stands at 3.94 whereas that against EBITDA is 14.54.
Stock Price History:
The Beta on a monthly basis for TDW is 1.24, which has changed by 93.53% over the last 52 weeks, in comparison to a change of 14.28% over the same period for the S&P500. Over the past 52 weeks, TDW has reached a high of $73.55, while it has fallen to a 52-week low of $28.14. The 50-Day Moving Average of the stock is 66.89, while the 200-Day Moving Average is calculated to be 54.59.
The stock has traded on average 888.21K shares per day over the past 3-months and 1.36M shares per day over the last 10 days, according to various share statistics. A total of 50.55M shares are outstanding, with a floating share count of 48.76M. Insiders hold about 7.85% of the company’s shares, while institutions hold 87.74% stake in the company. Shares short for TDW as of Oct 30, 2023 were 3.62M with a Short Ratio of 3.62M, compared to 3.98M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.86% and a Short% of Float of 9.10%.
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.74 for the current quarter, with a high estimate of $0.95 and a low estimate of $0.58, while EPS last year was $0.2. The consensus estimate for the next quarter is $0.85, with high estimates of $1.02 and low estimates of $0.64.
Analysts are recommending an EPS of between $2.09 and $1.71 for the fiscal current year, implying an average EPS of $1.85. EPS for the following year is $5.22, with 3 analysts recommending between $5.88 and $4.85.
3 analysts predict $309.09M in revenue for the current quarter. It ranges from a high estimate of $309.2M to a low estimate of $309M. As of the current estimate, Tidewater Inc.’s year-ago sales were $186.75M, an estimated increase of 65.50% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $319.25M, an increase of 69.80% over than the figure of $65.50% in the same quarter last year. There is a high estimate of $323.8M for the next quarter, whereas the lowest estimate is $312.96M.
A total of 4 analysts have provided revenue estimates for TDW’s current fiscal year. The highest revenue estimate was $1.02B, while the lowest revenue estimate was $1.01B, resulting in an average revenue estimate of $1.02B. In the same quarter a year ago, actual revenue was $647.68M, up 56.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.41B in the next fiscal year. The high estimate is $1.42B and the low estimate is $1.4B. The average revenue growth estimate for next year is up 38.90% from the average revenue estimate for this year.