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

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

TIM Stock Down 1.1 %

NYSE:TIMB traded down $0.15 during trading hours on Thursday, reaching $14.11. The company’s stock had a trading volume of 768,452 shares, compared to its average volume of 475,954. The company has a market capitalization of $6.83 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.89. TIM has a 12 month low of $13.74 and a 12 month high of $19.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.88. The stock has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $15.76.

TIM Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Monday, September 30th were paid a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Monday, September 30th. TIM’s dividend payout ratio (DPR) is 26.19%.

Analyst Upgrades and Downgrades

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

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.