TIM (NYSE:TIMB - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.09), Zacks reports. The business had revenue of $1.16 billion during the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%.
TIM Price Performance
TIMB stock traded down $0.15 during midday trading on Thursday, reaching $14.11. The stock had a trading volume of 768,452 shares, compared to its average volume of 475,954. TIM has a 52-week low of $13.74 and a 52-week high of $19.14. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The company's fifty day simple moving average is $15.91 and its 200 day simple moving average is $15.76. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.89.
TIM Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Monday, September 30th were given a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Monday, September 30th. TIM's payout ratio is 26.19%.
Analysts Set New Price Targets
Several equities research analysts recently commented on TIMB shares. Scotiabank cut their price target on shares of TIM from $24.80 to $23.20 and set a "sector outperform" rating for the company in a report on Tuesday. Barclays reduced their price target on shares of TIM from $19.00 to $18.00 and set an "equal weight" rating for the company in a research report on Friday, August 2nd.
Read Our Latest Stock Report on TIMB
About TIM
(
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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.
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