TIM (TIMB) to Release Quarterly Earnings on Monday

TIM (NYSE:TIMB) will be issuing its quarterly earnings data after the market closes on Monday, May 6th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, February 6th. The company reported $0.37 EPS for the quarter. The business had revenue of $1.27 billion during the quarter. TIM had a return on equity of 10.71% and a net margin of 11.96%. On average, analysts expect TIM to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TIM Stock Performance

TIMB opened at $18.20 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $17.87 and its two-hundred day moving average price is $17.64. TIM has a fifty-two week low of $13.17 and a fifty-two week high of $19.14.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st were given a dividend of $0.064 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.26 annualized dividend and a dividend yield of 1.41%. TIM’s dividend payout ratio (DPR) is currently 55.93%.

Analyst Ratings Changes

Separately, Barclays increased their price target on shares of TIM from $19.50 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 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.