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

TIM (NYSE:TIMB) issued its quarterly earnings results on Monday. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03, FiscalAI reports. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. TIM had a net margin of 14.76% and a return on equity of 17.88%.

TIM Stock Up 5.4%

Shares of TIMB stock opened at $19.68 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85. The firm’s 50-day moving average is $18.44 and its 200-day moving average is $21.97. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.68 and a beta of 0.39. TIM has a 52-week low of $15.94 and a 52-week high of $28.22.

TIM Dividend Announcement

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

Wall Street Analyst Weigh In

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

TIM Company Profile

TIM S.A. 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.