TIM (NYSE:TIMB) Announces Earnings Results, Misses Estimates By $0.04 EPS

TIM (NYSE:TIMB - Get Free Report) announced its earnings results on Tuesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04), Zacks reports. TIM had a return on equity of 11.73% and a net margin of 12.71%.

TIM Trading Up 1.2 %

Shares of TIMB traded up $0.19 during midday trading on Friday, reaching $15.30. The company had a trading volume of 877,827 shares, compared to its average volume of 654,476. TIM has a 1-year low of $11.32 and a 1-year high of $19.14. The stock has a market cap of $7.41 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The firm has a 50 day simple moving average of $12.62 and a 200-day simple moving average of $14.47. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, February 21st will be paid a $0.0717 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, February 21st. TIM's dividend payout ratio (DPR) is presently 56.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group downgraded TIM from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. The Goldman Sachs Group reduced their price objective on TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Scotiabank reduced their price objective on TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research note on Wednesday. Finally, Barclays reduced their price objective on TIM from $17.50 to $15.50 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th.

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.