TIM (NYSE:TIMB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

TIM (NYSE:TIMB) issued its earnings results on Monday. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03, FiscalAI reports. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. TIM had a return on equity of 17.99% and a net margin of 15.73%.

TIM Price Performance

NYSE TIMB traded up $0.31 during mid-day trading on Monday, hitting $18.44. The stock had a trading volume of 719,449 shares, compared to its average volume of 502,165. The firm’s 50 day moving average is $18.41 and its 200 day moving average is $22.01. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.82. TIM has a twelve month low of $15.94 and a twelve month high of $28.22.

TIM Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, January 29th. Investors of record on Monday, September 28th will be paid a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio is currently 62.13%.

Analyst Ratings Changes

Several analysts have weighed in on TIMB shares. Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Wall Street Zen cut TIM from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Bank of America raised TIM from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 13th. Morgan Stanley reiterated a “market perform” rating and issued a $22.00 target price on shares of TIM in a research report on Thursday, August 20th. Finally, Barclays cut their price target on shares of TIM from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, November 2nd. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TIM currently has an average rating of “Hold” and an average target price of $23.98.

About TIM

TIM SA is a Brazilian telecommunications company that provides mobile voice and data services to consumers and businesses. Its offerings include mobile plans, internet access and digital services, supported by its wireless network.

The company also offers fixed broadband services, including fiber-optic internet, under the TIM brand. It serves customers across Brazil, with mobile coverage extending throughout the country.

TIM began operating in Brazil in 1998 and has since expanded its network and range of telecommunications services.