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

TIM (NYSE:TIMB) posted its quarterly earnings results on Tuesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04), Zacks reports. TIM had a return on equity of 11.73% and a net margin of 12.71%.

TIM Stock Performance

NYSE TIMB opened at $14.76 on Wednesday. The company’s 50 day simple moving average is $12.55 and its two-hundred day simple moving average is $14.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. TIM has a 1 year low of $11.32 and a 1 year high of $19.14. The stock has a market capitalization of $7.14 billion, a PE ratio of 11.71, a P/E/G ratio of 0.60 and a beta of 0.84.

TIM Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Monday, December 30th were issued a dividend of $0.1723 per share. This represents a $0.69 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Monday, December 30th. This is a positive change from TIM’s previous quarterly dividend of $0.09. TIM’s dividend payout ratio is 56.35%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TIMB shares. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Scotiabank reduced their price objective on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group dropped their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Barclays cut their price target on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, January 14th.

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.