TIM (NYSE:TIMB) Posts Earnings Results, Misses Estimates By $0.04 EPS

TIM (NYSE:TIMB) posted its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04), Zacks reports. TIM had a net margin of 12.71% and a return on equity of 11.73%.

TIM Trading Up 9.0 %

NYSE TIMB opened at $14.76 on Wednesday. The firm has a market cap of $7.14 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. TIM has a 1-year low of $11.32 and a 1-year high of $19.14. The stock has a 50-day moving average of $12.55 and a 200-day moving average of $14.46. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

TIM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Monday, December 30th were paid a dividend of $0.1723 per share. This is a boost from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, December 30th. TIM’s dividend payout ratio (DPR) is 56.35%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TIMB shares. The Goldman Sachs Group lowered their price target on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Scotiabank dropped their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Barclays reduced their price target on shares of TIM from $17.50 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.