TIM (TIMB) Set to Announce Earnings on Monday

TIM (NYSE:TIMB) will post its quarterly earnings results after the market closes on Monday, May 6th.

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

TIM Stock Up 1.4 %

NYSE TIMB opened at $17.09 on Monday. The company’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $17.60. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.52. TIM has a 12 month low of $13.17 and a 12 month high of $19.14.

TIM Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be given a $0.064 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.50%. TIM’s payout ratio is currently 62.71%.

Analysts Set New Price Targets

Separately, Barclays raised 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.

TIM Company Profile

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.