TIM Participacoes SA (NYSE:TSU) declared a — dividend on Monday, December 23rd, Wall Street Journal reports. Shareholders of record on Wednesday, January 22nd will be given a dividend of 0.1259 per share by the Wireless communications provider on Friday, February 7th. This represents a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 21st.
TIM Participacoes has decreased its dividend payment by an average of 1.3% per year over the last three years and has raised its dividend every year for the last 2 years. TIM Participacoes has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect TIM Participacoes to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 17.0%.
TSU opened at $19.97 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.34. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 3.79 and a beta of 0.98. TIM Participacoes has a 52-week low of $12.79 and a 52-week high of $20.00. The firm’s fifty day simple moving average is $18.40 and its two-hundred day simple moving average is $15.84.
TIM Participacoes (NYSE:TSU) last issued its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. TIM Participacoes had a net margin of 19.17% and a return on equity of 8.52%. On average, research analysts forecast that TIM Participacoes will post 1.13 EPS for the current year.
Several research firms recently issued reports on TSU. ValuEngine upgraded shares of TIM Participacoes from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research cut shares of TIM Participacoes from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. TD Securities raised their price objective on shares of TIM Participacoes from $37.33 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Barclays set a $18.00 price objective on shares of TIM Participacoes and gave the stock a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.20.
TIM Participacoes Company Profile
TIM Participações SA provides telecommunication services in Brazil. It offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. The company offers prepaid and postpaid services; corporate solutions for mobile or fixed services, as well as mobile-to-mobile services; value-added services; financial and other services; digital channels; and customer services.
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