TIM Participacoes SA (TSU) Expected to Post Earnings of $0.26 Per Share

Share on StockTwits

Equities analysts expect TIM Participacoes SA (NYSE:TSU) to report $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for TIM Participacoes’ earnings. TIM Participacoes reported earnings per share of $0.38 during the same quarter last year, which indicates a negative year-over-year growth rate of 31.6%. The business is scheduled to report its next quarterly earnings report on Monday, February 4th.

According to Zacks, analysts expect that TIM Participacoes will report full-year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.35. For the next fiscal year, analysts forecast that the business will report earnings of $0.97 per share, with EPS estimates ranging from $0.86 to $1.08. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover TIM Participacoes.

TIM Participacoes (NYSE:TSU) last posted its quarterly earnings results on Tuesday, November 6th. The Wireless communications provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.45. The company had revenue of $1.08 billion for the quarter. TIM Participacoes had a return on equity of 12.93% and a net margin of 14.39%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised TIM Participacoes from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. ValuEngine upgraded shares of TIM Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. TheStreet upgraded shares of TIM Participacoes from a “c+” rating to a “b” rating in a research report on Monday, December 3rd. Credit Suisse Group cut shares of TIM Participacoes from an “outperform” rating to a “neutral” rating in a research report on Thursday, January 10th. Finally, Citigroup upgraded shares of TIM Participacoes from a “neutral” rating to a “buy” rating in a research report on Friday, December 14th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.38.

Shares of TSU stock traded up $0.05 during trading hours on Friday, reaching $16.44. The company had a trading volume of 567,064 shares, compared to its average volume of 786,962. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.93 and a quick ratio of 0.90. TIM Participacoes has a 1-year low of $13.82 and a 1-year high of $23.11.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AMP Capital Investors Ltd acquired a new stake in TIM Participacoes during the second quarter valued at $3,546,000. Dynamic Technology Lab Private Ltd grew its stake in shares of TIM Participacoes by 258.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 38,962 shares of the Wireless communications provider’s stock worth $657,000 after purchasing an additional 28,090 shares during the period. Banco de Sabadell S.A acquired a new stake in shares of TIM Participacoes during the 2nd quarter worth approximately $808,000. Verition Fund Management LLC acquired a new stake in shares of TIM Participacoes during the 2nd quarter worth approximately $218,000. Finally, Northern Trust Corp grew its stake in shares of TIM Participacoes by 10.5% during the 2nd quarter. Northern Trust Corp now owns 223,191 shares of the Wireless communications provider’s stock worth $3,762,000 after purchasing an additional 21,232 shares during the period.

About TIM Participacoes

TIM ParticipaƧƵes SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

Featured Article: Technical Analysis of Stocks and What It Means

Get a free copy of the Zacks research report on TIM Participacoes (TSU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TIM Participacoes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM Participacoes and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.