TIM (NYSE:TIMB) Posts Earnings Results, Misses Estimates By $0.02 EPS

TIM (NYSE:TIMB) posted its earnings results on Tuesday. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02), Zacks reports. TIM had a return on equity of 17.96% and a net margin of 16.00%.The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion.

TIM Stock Down 7.8%

TIMB stock opened at $24.99 on Thursday. The stock has a market cap of $12.10 billion, a P/E ratio of 15.24, a P/E/G ratio of 1.56 and a beta of 0.43. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $26.21 and its two-hundred day simple moving average is $23.86. TIM has a 1-year low of $16.64 and a 1-year high of $28.22.

TIM Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be issued a dividend of $0.1552 per share. The ex-dividend date is Monday, March 30th. TIM’s dividend payout ratio (DPR) is 68.75%.

Analyst Ratings Changes

TIMB has been the subject of a number of analyst reports. Scotiabank cut their price target on TIM from $29.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday. Weiss Ratings raised TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. New Street Research upgraded TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Finally, Barclays upped their target price on shares of TIM from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TIM has an average rating of “Moderate Buy” and an average target price of $25.90.

Institutional Investors Weigh In On TIM

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 494 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of TIM during the 4th quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased its stake in shares of TIM by 188.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after purchasing an additional 1,345 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of TIM during the 2nd quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of TIM in the 4th quarter worth approximately $56,000.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA