TIM (NYSE:TIMB) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

TIM (NYSE:TIMB) released its quarterly earnings data on Monday. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03, Zacks reports. TIM had a return on equity of 11.91% and a net margin of 12.24%.

TIM Stock Down 2.0 %

TIMB opened at $16.25 on Tuesday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The firm’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $14.03. TIM has a twelve month low of $11.32 and a twelve month high of $18.39.

TIM Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.2288 per share. The ex-dividend date is Thursday, April 10th. This is a boost from TIM’s previous dividend of $0.08. This represents a dividend yield of 5.73%. TIM’s dividend payout ratio (DPR) is presently 65.25%.

Analyst Upgrades and Downgrades

TIMB has been the topic of a number of recent research reports. Scotiabank decreased 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 note on Wednesday, February 12th. Barclays lifted their target price on shares of TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a research report on Monday, March 17th. Finally, The Goldman Sachs Group increased their price target on shares of TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th.

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.