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Tidewater Inc. (NYSE:TDW) Director Robert Robotti has made significant purchases of the company’s stock, according to a recent SEC filing. The offshore support vessel company, currently valued at $2.1 billion, trades at a P/E ratio of 12.46 and boasts a perfect Piotroski Score of 9, according to InvestingPro data. On June 3, Robotti acquired 10,000 shares at a price of $42.1354 each, and on June 4, he purchased an additional 15,000 shares at $42.0529 per share. The total value of these transactions amounts to approximately $1.05 million. Following these acquisitions, Robotti holds 2,234,957 shares of Tidewater stock. The purchases were made indirectly through various entities associated with Robotti, as detailed in the filing. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional exclusive insights available to subscribers, including detailed valuation metrics and growth indicators. Access the comprehensive Pro Research Report for deep-dive analysis of TDW and 1,400+ other top stocks.
In other recent news, Tidewater Inc. reported first-quarter 2025 earnings that surpassed Wall Street expectations. The company achieved an earnings per share (EPS) of $0.83, exceeding the forecasted $0.66, and reported revenue of $333.4 million, outpacing the anticipated $324.21 million. Tidewater’s gross margin remained strong at over 50% for the second consecutive quarter. Analysts noted the company’s strategic focus on fleet modernization and operational efficiencies, contributing to an improved adjusted EBITDA of $154.2 million. The company anticipates a 5% sequential decline in Q2 revenue but expects margin improvements later in the year. Tidewater’s full-year revenue guidance remains between $1.32 billion and $1.38 billion, with a gross margin forecast of 48-50%. The company also highlighted ongoing discussions for future vessel tenders, notably in Brazil, which could impact market dynamics in the North Sea. Despite potential demand challenges in specific regions, Tidewater maintains a positive market outlook, with no project cancellations reported.
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