Key Points
- Insider sale: TIM S.A. insider Auana Mattar Lima sold 8,200 shares on May 18 at an average price of $4.42, totaling about $36,244. After the sale, the insider still held 36,686 shares.
- Mixed business results: TIM recently reported quarterly EPS of $0.32, missing estimates of $0.34, while revenue of $1.31 billion also came in slightly below expectations. The company continues to show solid profitability, with a 16.00% net margin and 17.77% return on equity.
- Sentiment and stock context: Analyst ratings have softened, with several firms cutting TIM to hold or neutral and the consensus rating sitting at Hold. The company also paid a special dividend of $0.1552 per share, and institutional investors such as Renaissance Technologies and Goldman Sachs increased their stakes.
TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) insider Auana Mattar Lima sold 8,200 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $4.42, for a total value of $36,244.00. Following the completion of the sale, the insider owned 36,686 shares in the company, valued at approximately $162,152.12. The trade was a 18.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
TIM Stock Performance
TIMB stock opened at $22.51 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The business's fifty day simple moving average is $25.46 and its two-hundred day simple moving average is $23.87. TIM S.A. Sponsored ADR has a twelve month low of $16.64 and a twelve month high of $28.22. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.14 and a beta of 0.43.
TIM (NYSE:TIMB - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. Analysts predict that TIM S.A. Sponsored ADR will post 1.81 earnings per share for the current year.
TIM Dividend Announcement
The company also recently declared a special dividend, which was paid on Thursday, May 7th. Stockholders of record on Monday, March 30th were paid a dividend of $0.1552 per share. The ex-dividend date was Monday, March 30th. TIM's dividend payout ratio (DPR) is currently 67.07%.
Analysts Set New Price Targets
Several equities analysts have recently commented on TIMB shares. Zacks Research lowered TIM from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 15th. Bradesco Corretora lowered TIM to a "neutral" rating in a research note on Tuesday, April 28th. Weiss Ratings lowered TIM from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, May 7th. Scotiabank cut their price target on TIM from $29.50 to $27.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 6th. Finally, Citigroup lowered TIM from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.65.
View Our Latest Stock Report on TIM
Institutional Investors Weigh In On TIM
Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in TIM by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company's stock worth $35,951,000 after acquiring an additional 82,700 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock worth $16,539,000 after acquiring an additional 47,130 shares in the last quarter. State Street Corp boosted its holdings in TIM by 5.3% in the fourth quarter. State Street Corp now owns 657,839 shares of the company's stock worth $13,464,000 after acquiring an additional 33,364 shares in the last quarter. UBS Group AG boosted its holdings in TIM by 12.4% in the fourth quarter. UBS Group AG now owns 537,416 shares of the company's stock worth $10,453,000 after acquiring an additional 59,136 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in TIM by 19.0% in the first quarter. Assetmark Inc. now owns 490,478 shares of the company's stock worth $12,993,000 after acquiring an additional 78,379 shares in the last quarter.
TIM Company Profile
(
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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