TIM (NYSE:TIMB) Releases Earnings Results, Beats Estimates By $0.04 EPS
by Jessica Moore · The Cerbat GemTIM (NYSE:TIMB – Get Free Report) announced its earnings results on Tuesday. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04, Zacks reports. TIM had a return on equity of 15.72% and a net margin of 15.35%.
TIM Trading Down 0.1%
TIMB traded down $0.02 during mid-day trading on Tuesday, hitting $25.28. The stock had a trading volume of 563,317 shares, compared to its average volume of 446,956. The stock’s fifty day simple moving average is $21.65 and its 200-day simple moving average is $21.57. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.76 and a beta of 0.47. TIM has a 1-year low of $13.65 and a 1-year high of $25.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.94.
TIM Announces Dividend
The company also recently announced a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were paid a $0.6784 dividend. The ex-dividend date of this dividend was Monday, December 29th. TIM’s dividend payout ratio is presently 96.58%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on TIMB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a report on Monday, December 29th. Jefferies Financial Group cut shares of TIM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Bank of America started coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 target price on the stock. Zacks Research raised shares of TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Citigroup cut shares of TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.25.
Get Our Latest Research Report on TIM
Institutional Trading of TIM
Several hedge funds have recently added to or reduced their stakes in TIMB. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of TIM by 6.2% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 21,917 shares of the company’s stock valued at $489,000 after purchasing an additional 1,280 shares in the last quarter. Brooklyn Investment Group raised its holdings in TIM by 96.0% during the 3rd quarter. Brooklyn Investment Group now owns 12,288 shares of the company’s stock worth $274,000 after buying an additional 6,019 shares during the period. Vise Technologies Inc. lifted its stake in TIM by 5.2% in the third quarter. Vise Technologies Inc. now owns 26,593 shares of the company’s stock valued at $594,000 after buying an additional 1,305 shares in the last quarter. Sei Investments Co. bought a new position in TIM in the third quarter valued at approximately $219,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of TIM by 1,541.2% in the second quarter. Osaic Holdings Inc. now owns 14,902 shares of the company’s stock valued at $300,000 after buying an additional 13,994 shares during the period.
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
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