TIM (TIMB) Scheduled to Post Quarterly Earnings on Monday

TIM (NYSE:TIMB) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, February 6th. The company reported $0.37 earnings per share (EPS) for the quarter. TIM had a net margin of 11.96% and a return on equity of 10.71%. The business 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 Price Performance

NYSE:TIMB opened at $18.20 on Friday. TIM has a 12 month low of $13.17 and a 12 month high of $19.14. 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 stock has a 50 day moving average of $17.87 and a two-hundred day moving average of $17.63.

TIM Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors 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 dividend on an annualized basis and a yield of 1.41%. TIM’s payout ratio is presently 55.93%.

Wall Street Analyst Weigh In

Separately, Barclays upped their target price on TIM from $19.50 to $20.00 and gave the company an “equal weight” rating in a 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.