Analysts predict that TIM Participacoes SA (NYSE:TSU) will announce $0.25 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for TIM Participacoes’ earnings. TIM Participacoes posted earnings per share of $0.18 in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.9%. The firm is expected to announce its next earnings report on Tuesday, November 6th.

On average, analysts expect that TIM Participacoes will report full year earnings of $0.95 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $0.96. For the next financial year, analysts forecast that the business will report earnings of $1.32 per share, with EPS estimates ranging from $1.25 to $1.39. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TIM Participacoes.

TSU has been the topic of a number of research reports. Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, August 15th. Credit Suisse Group upgraded shares of TIM Participacoes from a “neutral” rating to an “outperform” rating in a research report on Monday, August 20th. Barclays reduced their target price on shares of TIM Participacoes from $18.50 to $18.00 and set a “hold” rating on the stock in a research report on Monday, July 23rd. Royal Bank of Canada reiterated a “hold” rating and set a $17.50 target price on shares of TIM Participacoes in a research report on Tuesday, July 31st. Finally, HSBC upgraded shares of TIM Participacoes from a “reduce” rating to a “hold” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.38.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSU. Wells Fargo & Company MN lifted its holdings in TIM Participacoes by 93.8% in the first quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock valued at $152,000 after buying an additional 3,392 shares during the period. Aperio Group LLC lifted its holdings in TIM Participacoes by 55.1% in the first quarter. Aperio Group LLC now owns 93,860 shares of the Wireless communications provider’s stock valued at $2,034,000 after buying an additional 33,359 shares during the period. BlackRock Inc. lifted its holdings in TIM Participacoes by 17.2% in the first quarter. BlackRock Inc. now owns 6,223,551 shares of the Wireless communications provider’s stock valued at $134,864,000 after buying an additional 914,983 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in TIM Participacoes by 242.5% in the first quarter. BNP Paribas Arbitrage SA now owns 9,035 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 6,397 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new position in TIM Participacoes in the first quarter valued at approximately $343,000. Institutional investors and hedge funds own 14.92% of the company’s stock.

Shares of TSU stock traded up $0.09 during trading hours on Monday, reaching $14.62. 7,102 shares of the company were exchanged, compared to its average volume of 948,655. TIM Participacoes has a fifty-two week low of $13.82 and a fifty-two week high of $23.11. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 0.66 and a beta of 1.38. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.23.

About TIM Participacoes

TIM ParticipaƧƵes SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

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