TIM (NYSE:TIMB) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

TIM (NYSE:TIMB - Get Free Report) released its earnings results on Monday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03, Zacks reports. TIM had a net margin of 12.24% and a return on equity of 11.91%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion.

TIM Trading Down 0.1 %

TIMB stock traded down $0.01 during midday trading on Friday, reaching $17.16. 229,875 shares of the company traded hands, compared to its average volume of 510,683. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The business has a 50 day moving average of $15.47 and a 200-day moving average of $14.10. TIM has a 52-week low of $11.32 and a 52-week high of $17.68.

TIM Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be given a $0.1086 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio is currently 68.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays set a $17.50 price target on shares of TIM in a report on Wednesday. Scotiabank decreased their target price on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group increased their price target on TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research note on Wednesday, April 30th.

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.