TIM (NYSE:TIMB) Releases Quarterly Earnings Results

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

TIM Price Performance

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

TIM Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TIMB shares. Barclays decreased their price target on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. UBS Group downgraded TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group reduced their price objective on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, Scotiabank lowered their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 5th.

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.