Tidewater (NYSE:TDW) Posts Earnings Results, Misses Estimates By $0.37 EPS

Tidewater (NYSE:TDW) released its earnings results on Monday. The oil and gas company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.37), FiscalAI reports. Tidewater had a net margin of 19.42% and a return on equity of 4.49%. The firm had revenue of $360.42 million for the quarter, compared to analysts’ expectations of $358.71 million. During the same quarter last year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year.

Tidewater Trading Up 6.7%

Shares of TDW stock traded up $4.95 on Wednesday, reaching $78.93. 370,213 shares of the company’s stock were exchanged, compared to its average volume of 738,201. Tidewater has a 52 week low of $49.54 and a 52 week high of $101.57. The stock has a market capitalization of $3.93 billion, a PE ratio of 14.81 and a beta of 0.63. The company’s fifty day simple moving average is $84.52 and its 200 day simple moving average is $79.66. The company has a current ratio of 3.58, a quick ratio of 3.47 and a debt-to-equity ratio of 0.47.

Trending Headlines about Tidewater

These are some of the TDW headlines that stood out recently:

• Positive Sentiment: Tidewater initiated 2027 revenue guidance of $1.70 billion–$1.75 billion and gross-margin guidance of 51%–53%. The outlook, which incorporates the Wilson Sons Ultratug Offshore acquisition, points to substantial revenue growth and improved margins. Article: Tidewater initiates 2027 guidance
• Positive Sentiment: Q3 revenue rose 5.7% year over year to $360.4 million, slightly topping the cited consensus estimate. Average day rates increased sequentially by $837 to $23,775, while operating cash flow climbed 37.4% to $75.2 million. The company also said it repurchased about $25 million of shares since its prior earnings release. Article: Tidewater reports Q3 revenue and net income
• Negative Sentiment: Q3 diluted EPS was $0.35, below analysts’ estimates of roughly $0.64–$0.72. Cost of sales increased faster than revenue, and operating profit declined, highlighting near-term earnings pressure despite sales growth. Article: Tidewater lags Q3 earnings estimates

Analyst Ratings Changes

Several research firms have recently commented on TDW. Weiss Ratings downgraded shares of Tidewater from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. BTIG Research reaffirmed a “buy” rating and set a $120.00 price objective on shares of Tidewater in a report on Friday, October 9th. Finally, Barclays increased their target price on Tidewater from $86.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.25.

Insider Transactions at Tidewater

In other news, Director Kenneth Traub sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $99.00, for a total transaction of $990,000.00. Following the transaction, the director directly owned 63,521 shares of the company’s stock, valued at approximately $6,288,579. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel Hudson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $99.08, for a total value of $1,486,200.00. Following the transaction, the executive vice president owned 33,029 shares in the company, valued at $3,272,513.32. The trade was a 31.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.90% of the stock is owned by corporate insiders.

Tidewater Company Profile

Tidewater Inc. provides offshore support vessels and related marine services to the energy industry. Its vessels transport personnel, equipment and supplies between shore bases and offshore facilities, and support activities such as anchor handling, towing, platform operations and offshore construction. The company operates a diverse fleet that includes platform supply vessels, anchor-handling tug supply vessels, crew boats and other specialized vessels. These services help customers carry out offshore exploration, development and production, as well as certain renewable-energy and subsea projects.