TIM Participacoes SA (TSU) Expected to Announce Earnings of $0.25 Per Share
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.
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 Participações 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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