TIM (NYSE:TIMB) Releases Earnings Results, Misses Expectations By $0.02 EPS

TIM (NYSE:TIMB) announced its quarterly earnings results on Tuesday. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02), Zacks reports. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.96%.

TIM Stock Down 3.7%

NYSE TIMB traded down $0.93 during trading hours on Thursday, reaching $24.09. 442,476 shares of the company’s stock were exchanged, compared to its average volume of 419,806. The company’s 50-day moving average is $26.21 and its two-hundred day moving average is $23.86. TIM has a one year low of $16.64 and a one year high of $28.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.56 and a beta of 0.43.

TIM Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be paid a dividend of $0.1552 per share. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TIMB shares. Weiss Ratings raised TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Bradesco Corretora cut TIM to a “neutral” rating in a research note on Tuesday, April 28th. Barclays upped their price target on TIM from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Finally, Citigroup cut TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TIM currently has an average rating of “Moderate Buy” and a consensus target price of $25.90.

Institutional Trading of TIM

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in TIM by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock worth $35,951,000 after purchasing an additional 82,700 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after purchasing an additional 47,130 shares in the last quarter. State Street Corp increased its stake in TIM by 5.3% during the 4th quarter. State Street Corp now owns 657,839 shares of the company’s stock worth $13,464,000 after purchasing an additional 33,364 shares in the last quarter. Schroder Investment Management Group boosted its position in TIM by 2.2% during the 3rd quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock worth $9,860,000 after acquiring an additional 9,879 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in TIM by 878.4% during the 3rd quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock worth $8,280,000 after acquiring an additional 333,066 shares during the last quarter.

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