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

TIM (NYSE:TIMB) issued its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share (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 Stock Performance

Shares of TIMB stock opened at $14.99 on Thursday. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. TIM has a 52 week low of $11.32 and a 52 week high of $19.14. The firm’s 50-day simple moving average is $12.59 and its two-hundred day simple moving average is $14.46.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, February 21st will be given a $0.0717 dividend. This represents a $0.29 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, February 21st. TIM’s dividend payout ratio is 56.35%.

Analysts Set New Price Targets

TIMB has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Barclays dropped their price target on shares of TIM from $17.50 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Scotiabank dropped their price target on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research report on Wednesday. Finally, UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

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.