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

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

TIM Stock Performance

Shares of NYSE TIMB opened at $13.57 on Tuesday. TIM has a one year low of $11.32 and a one year high of $19.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.60 and a beta of 0.84. The stock’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $14.46.

TIM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Monday, December 30th were paid a $0.1723 dividend. The ex-dividend date was Monday, December 30th. This is an increase from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 annualized dividend and a yield of 5.08%. TIM’s payout ratio is 56.35%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank cut their target price on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group reduced their target price on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. UBS Group downgraded TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Barclays reduced their price objective on shares of TIM from $17.50 to $15.50 and set an “equal weight” rating for the company 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.