TIM (NYSE:TIMB) Releases Earnings Results, Misses Estimates By $0.09 EPS

TIM (NYSE:TIMB) issued its earnings results on Tuesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09), Zacks reports. TIM had a return on equity of 11.47% and a net margin of 12.53%. The firm had revenue of $1.16 billion during the quarter.

TIM Stock Down 1.1 %

NYSE:TIMB traded down $0.16 during trading hours on Thursday, hitting $14.10. 413,648 shares of the company traded hands, compared to its average volume of 474,311. The company has a market cap of $6.83 billion, a PE ratio of 11.12, a PEG ratio of 0.61 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $15.95 and its 200-day simple moving average is $15.77. TIM has a one year low of $13.74 and a one year high of $19.14.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th were paid a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a yield of 2.50%. The ex-dividend date was Monday, September 30th. TIM’s dividend payout ratio (DPR) is presently 26.19%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TIMB shares. Barclays dropped their price objective on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Scotiabank dropped their price objective on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research note on Tuesday.

About TIM

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.