TIM (NYSE:TIMB) Announces Earnings Results

TIM (NYSE:TIMB) posted its earnings results on Tuesday. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04, Zacks reports. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.72%.

TIM Stock Up 7.4%

TIMB stock opened at $27.07 on Thursday. TIM has a 52 week low of $13.65 and a 52 week high of $27.74. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $21.80 and a 200-day simple moving average of $21.65. The stock has a market capitalization of $13.11 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.77 and a beta of 0.47.

TIM Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th were given a $0.6784 dividend. The ex-dividend date was Monday, December 29th. TIM’s dividend payout ratio (DPR) is 87.50%.

Institutional Trading of TIM

A number of institutional investors have recently made changes to their positions in TIMB. EverSource Wealth Advisors LLC raised its holdings in TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock valued at $41,000 after acquiring an additional 1,345 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of TIM in the second quarter valued at approximately $42,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of TIM in the second quarter valued at approximately $85,000. Amundi purchased a new position in TIM during the first quarter worth approximately $87,000. Finally, Quadrant Capital Group LLC purchased a new position in TIM during the third quarter worth approximately $92,000.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Jefferies Financial Group lowered shares of TIM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup cut shares of TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. HSBC upgraded shares of TIM from a “hold” rating to a “buy” rating and boosted their target price for the company from $21.00 to $27.00 in a research report on Wednesday, November 5th. Zacks Research upgraded TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Barclays raised their price objective on shares of TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.25.

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