TIM (NYSE:TIMB) Releases Earnings Results, Meets Estimates

TIM (NYSE:TIMBGet Free Report) issued its quarterly earnings data on Monday. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43, Zacks reports. TIM had a return on equity of 17.77% and a net margin of 16.00%.

TIM Stock Performance

TIMB stock traded down $0.43 during midday trading on Monday, reaching $20.87. 475,958 shares of the company’s stock traded hands, compared to its average volume of 414,529. The company has a 50-day moving average price of $21.85 and a two-hundred day moving average price of $23.87. The firm has a market capitalization of $10.11 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92. TIM has a 52 week low of $17.65 and a 52 week high of $28.22.

TIM Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th will be issued a dividend of $0.1618 per share. The ex-dividend date of this dividend is Monday, June 29th. TIM’s payout ratio is presently 68.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of TIM from $27.00 to $28.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group started coverage on shares of TIM in a research report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price target for the company. Santander raised TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Finally, Barclays cut their target price on TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, TIM has a consensus rating of “Hold” and a consensus target price of $25.23.

Get Our Latest Report on TIM

Insider Buying and Selling at TIM

In other news, insider Auana Mattar Lima sold 8,200 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $4.42, for a total transaction of $36,244.00. Following the sale, the insider owned 36,686 shares in the company, valued at approximately $162,152.12. This trade represents a 18.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total value of $151,200.00. Following the sale, the chief financial officer owned 83,259 shares in the company, valued at $359,678.88. The trade was a 29.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Brooklyn Investment Group increased its holdings in TIM by 96.0% during the 3rd quarter. Brooklyn Investment Group now owns 12,288 shares of the company’s stock valued at $274,000 after purchasing an additional 6,019 shares during the period. Guggenheim Capital LLC grew its position in shares of TIM by 28.5% in the 4th quarter. Guggenheim Capital LLC now owns 11,641 shares of the company’s stock worth $226,000 after buying an additional 2,582 shares during the last quarter. Sei Investments Co. purchased a new position in shares of TIM during the third quarter valued at approximately $219,000. Rhumbline Advisers increased its stake in shares of TIM by 117.7% during the second quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock valued at $201,000 after buying an additional 5,417 shares during the period. Finally, Quadrant Capital Group LLC bought a new position in shares of TIM during the third quarter valued at approximately $92,000.

About TIM

(Get Free Report)

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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Earnings History for TIM (NYSE:TIMB)

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