TIM (NYSE:TIMB) Posts Earnings Results, Hits Expectations

Key Points

• TIM reported Q1 EPS of $0.32, which met analysts' estimates; the company posted a 16.28% net margin and 17.84% ROE, and the stock jumped about 4.7% to $27.11 on the news.
• TIM announced a special dividend of $0.1552 payable May 7 to shareholders of record on March 30 (ex-dividend March 30), with a dividend payout ratio of 68.13%.
• Analysts have grown more positive recently: TIM has a consensus rating of "Moderate Buy" with a $26.40 consensus price target and several upgrades/raised targets from firms including Scotiabank and Barclays.

TIM (NYSE:TIMB - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32, Zacks reports. TIM had a net margin of 16.28% and a return on equity of 17.84%.

TIM Trading Up 4.7%

NYSE TIMB traded up $1.22 during trading hours on Tuesday, reaching $27.11. The company's stock had a trading volume of 329,912 shares, compared to its average volume of 417,657. The firm has a fifty day simple moving average of $26.22 and a 200-day simple moving average of $23.79. The stock has a market cap of $13.12 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.66 and a beta of 0.43. TIM has a 52 week low of $16.64 and a 52 week high of $28.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be issued a $0.1552 dividend. The ex-dividend date is Monday, March 30th. TIM's dividend payout ratio (DPR) is 68.13%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of TIM by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company's stock valued at $27,000 after purchasing an additional 494 shares during the last quarter. Kestra Advisory Services LLC bought a new position in TIM during the fourth quarter worth $39,000. EverSource Wealth Advisors LLC lifted its holdings in TIM by 188.1% in the second 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 period. Raymond James Financial Inc. acquired a new position in TIM in the second quarter valued at $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in TIM during the fourth quarter valued at $56,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TIMB shares. Scotiabank raised their price target on shares of TIM from $23.60 to $29.50 and gave the company a "sector perform" rating in a research note on Monday, March 30th. Weiss Ratings upgraded shares of TIM from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 16th. New Street Research upgraded shares of TIM from a "neutral" rating to a "buy" rating in a report on Tuesday, April 7th. Barclays raised their price objective on shares of TIM from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, April 15th. Finally, Bradesco Corretora lowered shares of TIM to a "neutral" rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, TIM currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.40.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.