TIM (NYSE:TIMB) Posts Earnings Results, Misses Expectations By $0.09 EPS

TIM (NYSE:TIMB) announced its quarterly earnings results on Tuesday. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09), Zacks reports. The company had revenue of $1.16 billion during the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%.

TIM Stock Down 1.3 %

NYSE TIMB traded down $0.19 during trading on Thursday, reaching $14.07. 429,378 shares of the company’s stock were exchanged, compared to its average volume of 474,384. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.88. TIM has a 1 year low of $13.74 and a 1 year high of $19.14. The stock has a market cap of $6.81 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.89. The company has a 50 day moving average price of $15.95 and a two-hundred day moving average price of $15.77.

TIM Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Monday, September 30th were paid a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Monday, September 30th. TIM’s payout ratio is 26.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays cut their target price 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. Scotiabank reduced their price target on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday.

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.