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

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

TIM Stock Up 1.7%

Shares of TIM stock traded up $0.31 during midday trading on Monday, hitting $18.44. The company had a trading volume of 719,450 shares, compared to its average volume of 502,165. TIM has a 52-week low of $15.94 and a 52-week high of $28.22. The company has a 50 day moving average of $18.41 and a 200 day moving average of $22.01. The stock has a market capitalization of $8.82 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85.

TIM Dividend Announcement

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

Analyst Ratings Changes

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