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

Tidewater Inc. (NYSE:TDW) posted its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.81) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($38.80) by $37.99, RTT News reports. The company had revenue of $74.30 million during the quarter, compared to analyst estimates of $112.90 million. During the same quarter in the previous year, the company earned ($31.73) earnings per share. The business’s revenue for the quarter was down 48.3% on a year-over-year basis.

Shares of Tidewater (NYSE:TDW) traded down $0.26 during midday trading on Friday, reaching $24.42. 73,885 shares of the company traded hands, compared to its average volume of 126,333. Tidewater has a twelve month low of $20.37 and a twelve month high of $30.35. The company has a current ratio of 3.36, a quick ratio of 3.24 and a debt-to-equity ratio of 0.43.

A number of analysts have weighed in on the company. Clarkson Capital upgraded Tidewater from a “neutral” rating to a “buy” rating in a report on Tuesday, August 15th. BidaskClub downgraded Tidewater from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th.

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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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