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

TIM (NYSE:TIMB) issued its earnings results on Tuesday. The company reported $0.37 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

TIMB stock opened at $13.57 on Tuesday. TIM has a fifty-two week low of $11.32 and a fifty-two week high of $19.14. The company has a market capitalization of $6.57 billion, a P/E ratio of 10.77, a PEG ratio of 0.60 and a beta of 0.84. The company has a 50-day simple moving average of $12.52 and a 200 day simple moving average of $14.46. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Monday, December 30th were issued a dividend of $0.1723 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.08%. This is a positive change from TIM’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, December 30th. TIM’s dividend payout ratio (DPR) is 56.35%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Scotiabank dropped their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Barclays lowered their price target 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. Finally, The Goldman Sachs Group cut their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th.

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.