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

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

TIM Trading Up 1.7%

NYSE:TIMB traded up $0.31 on Monday, reaching $18.44. The company’s stock had a trading volume of 719,449 shares, compared to its average volume of 502,165. TIM has a 12-month low of $15.94 and a 12-month high of $28.22. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.39. The stock has a 50 day moving average price of $18.41 and a 200 day moving average price of $22.01.

TIM Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, January 29th. Shareholders of record on Monday, September 28th will be paid a dividend of $0.2102 per share. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio (DPR) is 62.13%.

Wall Street Analyst Weigh In

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

TIM Company Profile

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.