TIM (NYSE:TIMB) Releases Earnings Results, Beats Expectations By $0.03 EPS

TIM (NYSE:TIMB) announced its quarterly earnings data on Monday. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03, FiscalAI reports. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. TIM had a net margin of 15.73% and a return on equity of 17.99%.

TIM Trading Up 1.7%

Shares of NYSE:TIMB opened at $18.44 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $18.43 and its 200 day moving average price is $21.99. The company has a market cap of $8.82 billion, a PE ratio of 10.91, a P/E/G ratio of 1.66 and a beta of 0.39. TIM has a fifty-two week low of $15.94 and a fifty-two week high of $28.22.

TIM Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, January 29th. Investors of record on Monday, September 28th will be given a $0.2102 dividend. The ex-dividend date is Monday, September 28th. TIM’s dividend payout ratio (DPR) is currently 62.13%.

Analyst Upgrades and Downgrades

TIMB has been the topic of a number of recent research reports. Morgan Stanley reissued a “market perform” rating and issued a $22.00 target price on shares of TIM in a report on Thursday, August 20th. Barclays lowered their target price on TIM from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, November 2nd. Bank of America upgraded TIM from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 13th. Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Finally, Wall Street Zen downgraded TIM from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.98.

About TIM

TIM SA is a Brazilian telecommunications company that provides mobile voice and data services to consumers and businesses. Its offerings include mobile plans, internet access and digital services, supported by its wireless network.

The company also offers fixed broadband services, including fiber-optic internet, under the TIM brand. It serves customers across Brazil, with mobile coverage extending throughout the country.

TIM began operating in Brazil in 1998 and has since expanded its network and range of telecommunications services.