Tidewater (TDW) Scheduled to Post Quarterly Earnings on Monday

Tidewater (NYSE:TDW) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, August 13th.

Tidewater (NYSE:TDW) last posted its earnings results on Monday, May 14th. The oil and gas company reported ($0.76) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.21). Tidewater had a negative net margin of 409.22% and a negative return on equity of 116.17%. The business had revenue of $91.50 million for the quarter, compared to analysts’ expectations of $105.65 million. During the same quarter last year, the business posted ($2.01) earnings per share. The business’s revenue was down 43.1% compared to the same quarter last year.

Tidewater opened at $33.12 on Friday, Marketbeat.com reports. The company has a current ratio of 3.84, a quick ratio of 3.71 and a debt-to-equity ratio of 0.43. Tidewater has a twelve month low of $21.01 and a twelve month high of $35.98.

TDW has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Tidewater from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Capital One Financial upgraded shares of Tidewater from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 24th. Finally, ValuEngine raised shares of Tidewater from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.

Tidewater Company Profile

Tidewater Inc provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.

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Earnings History for Tidewater (NYSE:TDW)

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