TIM (NYSE:TIMB) Issues Earnings Results, Misses Expectations By $0.09 EPS

TIM (NYSE:TIMB) released its quarterly earnings data on Tuesday. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09), Zacks reports. TIM had a net margin of 12.53% and a return on equity of 11.47%. The business had revenue of $1.16 billion during the quarter.

TIM Price Performance

TIMB traded down $0.16 during midday trading on Thursday, hitting $14.10. The stock had a trading volume of 413,648 shares, compared to its average volume of 474,311. TIM has a 1 year low of $13.74 and a 1 year high of $19.14. The company has a market cap of $6.83 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.89. The business has a fifty day moving average of $15.95 and a 200 day moving average of $15.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.88.

TIM Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th were paid a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Monday, September 30th. TIM’s dividend payout ratio (DPR) is currently 26.19%.

Analysts Set New Price Targets

Several brokerages have commented on TIMB. Scotiabank cut their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday. Barclays cut their price objective on shares of TIM from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd.

About TIM

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.