TIM (NYSE:TIMB) Posts Earnings Results, Beats Estimates By $0.10 EPS

TIM (NYSE:TIMB) announced its quarterly earnings data on Monday. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10, Zacks reports. TIM had a net margin of 13.91% and a return on equity of 13.99%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion.

TIM Stock Up 0.5%

TIMB stock traded up $0.11 during midday trading on Tuesday, hitting $22.71. The company’s stock had a trading volume of 158,232 shares, compared to its average volume of 476,491. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.88. TIM has a twelve month low of $11.32 and a twelve month high of $23.61. The company’s fifty day moving average price is $21.66 and its 200 day moving average price is $19.56. The stock has a market capitalization of $11.00 billion, a P/E ratio of 17.60, a PEG ratio of 0.88 and a beta of 0.65.

TIM Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, January 28th. Investors of record on Friday, October 3rd will be given a $0.1888 dividend. The ex-dividend date of this dividend is Friday, October 3rd. TIM’s payout ratio is currently 73.64%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TIMB. Wall Street Zen raised shares of TIM from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Scotiabank increased their price target on shares of TIM from $19.10 to $23.60 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of TIM in a research note on Tuesday, October 14th. Citigroup assumed coverage on shares of TIM in a research note on Wednesday, September 10th. They issued a “buy” rating on the stock. Finally, Barclays raised their price objective on shares of TIM from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Institutional Investors Weigh In On TIM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock valued at $41,000 after buying an additional 1,345 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in TIM in the 2nd quarter valued at $42,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of TIM during the 2nd quarter worth about $85,000. Amundi acquired a new position in shares of TIM during the 1st quarter worth about $87,000. Finally, Rhumbline Advisers increased its stake in shares of TIM by 117.7% during the 2nd quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock worth $201,000 after purchasing an additional 5,417 shares during the last quarter.

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.