TIM (NYSE:TIMB) Posts Earnings Results

TIM (NYSE:TIMB) announced its earnings results on Tuesday. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02), Zacks reports. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. TIM had a return on equity of 17.96% and a net margin of 16.00%.

TIM Price Performance

NYSE:TIMB traded down $0.89 during trading hours on Thursday, hitting $24.13. The company’s stock had a trading volume of 375,375 shares, compared to its average volume of 419,364. TIM has a twelve month low of $16.64 and a twelve month high of $28.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86. The stock has a fifty day simple moving average of $26.21 and a 200-day simple moving average of $23.86. The company has a market capitalization of $11.68 billion, a P/E ratio of 14.71, a PEG ratio of 1.56 and a beta of 0.43.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be paid a $0.1552 dividend. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio (DPR) is 68.75%.

Institutional Investors Weigh In On TIM

A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in TIM by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after purchasing an additional 494 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in TIM in the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its position in TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock valued at $41,000 after buying an additional 1,345 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of TIM during the second quarter worth $42,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of TIM during the fourth quarter worth $56,000.

Analysts Set New Price Targets

A number of equities analysts have commented on TIMB shares. Bradesco Corretora lowered TIM to a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings raised TIM from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Citigroup downgraded TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Barclays upped their price objective on shares of TIM from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.90.

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