After finishing at $90.10 in the prior trading day, Tidewater Inc. (NYSE: TDW) closed at $88.65, down -1.61%. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 881696 shares were traded.
Ratios:
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 16.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.40. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.61.
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, Johnson Rice on February 09, 2024, initiated with a Buy rating and assigned the stock a target price of $88.
On July 14, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $85.Raymond James initiated its Strong Buy rating on July 14, 2023, with a $85 target price.
Insider Transactions:
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 Mar 05 ’24 when Rubio Samuel R sold 19,641 shares for $81.36 per share. The transaction valued at 1,597,992 led to the insider holds 98,036 shares of the business.
Darling David E sold 17,821 shares of TDW for $1,462,748 on Mar 05 ’24. The EVP, COO & CHIEF HR OFFICER now owns 85,959 shares after completing the transaction at $82.08 per share. On Mar 05 ’24, another insider, Hudson Daniel A., who serves as the EVP & GENERAL COUNSEL of the company, sold 8,000 shares for $82.00 each. As a result, the insider received 656,000 and left with 104,312 shares of the company.
Valuation Measures:
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 4.63B and an Enterprise Value of 5.09B. As of this moment, Tidewater’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.37, and their Forward P/E ratio for the next fiscal year is 10.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.59 while its Price-to-Book (P/B) ratio in mrq is 4.46. Its current Enterprise Value per Revenue stands at 5.04 whereas that against EBITDA is 16.11.
Stock Price History:
Over the past 52 weeks, TDW has reached a high of $91.27, while it has fallen to a 52-week low of $39.36. The 50-Day Moving Average of the stock is 73.14, while the 200-Day Moving Average is calculated to be 64.79.
Shares Statistics:
The stock has traded on average 804.47K shares per day over the past 3-months and 945.03k shares per day over the last 10 days, according to various share statistics. A total of 52.26M shares are outstanding, with a floating share count of 48.36M. Insiders hold about 7.48% of the company’s shares, while institutions hold 95.05% stake in the company. Shares short for TDW as of Feb 29, 2024 were 4.64M with a Short Ratio of 5.76, compared to 4.11M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.87% and a Short% of Float of 11.81%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.62 for the current quarter, with a high estimate of $0.78 and a low estimate of $0.49, while EPS last year was $0.23. The consensus estimate for the next quarter is $1.17, with high estimates of $1.3 and low estimates of $1.
Analysts are recommending an EPS of between $5.65 and $4.69 for the fiscal current year, implying an average EPS of $5.23. EPS for the following year is $7.88, with 6 analysts recommending between $9.73 and $6.03.
Revenue Estimates
4 analysts predict $312.09M in revenue for the current quarter. It ranges from a high estimate of $314.8M to a low estimate of $311M. As of the current estimate, Tidewater Inc.’s year-ago sales were $188M, an estimated increase of 66.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $341.14M, an increase of 58.70% less than the figure of $66.00% in the same quarter last year. There is a high estimate of $349.56M for the next quarter, whereas the lowest estimate is $330.5M.
A total of 5 analysts have provided revenue estimates for TDW’s current fiscal year. The highest revenue estimate was $1.43B, while the lowest revenue estimate was $1.37B, resulting in an average revenue estimate of $1.41B. In the same quarter a year ago, actual revenue was $1.01B, up 39.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.63B in the next fiscal year. The high estimate is $1.68B and the low estimate is $1.53B. The average revenue growth estimate for next year is up 15.40% from the average revenue estimate for this year.
