In the latest session, Tidewater Inc. (NYSE: TDW) closed at $98.74 up 4.20% from its previous closing price of $94.76. In other words, the price has increased by $+3.98 from its previous closing price. On the day, 1236238 shares were traded.
Ratios:
For a deeper understanding of Tidewater Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.44. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 4.95B and an Enterprise Value of 5.41B. As of this moment, Tidewater’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.88, and their Forward P/E ratio for the next fiscal year is 12.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.11 while its Price-to-Book (P/B) ratio in mrq is 4.97. Its current Enterprise Value per Revenue stands at 5.36 whereas that against EBITDA is 17.12.
Stock Price History:
The Beta on a monthly basis for TDW is 1.22, which has changed by 127.93% over the last 52 weeks, in comparison to a change of 26.95% over the same period for the S&P500. Over the past 52 weeks, TDW has reached a high of $95.34, while it has fallen to a 52-week low of $39.41. The 50-Day Moving Average of the stock is 78.10, while the 200-Day Moving Average is calculated to be 67.74.
Shares Statistics:
For the past three months, TDW has traded an average of 776.13K shares per day and 721.2k over the past ten days. A total of 52.26M shares are outstanding, with a floating share count of 48.05M. Insiders hold about 8.07% of the company’s shares, while institutions hold 95.03% stake in the company. Shares short for TDW as of Mar 15, 2024 were 4.8M with a Short Ratio of 6.18, compared to 4.34M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.18% and a Short% of Float of 12.22%.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. 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 $8.09, with 6 analysts recommending between $9.73 and $6.03.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $312.09M this 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.
