Key Points
- TIM CFO Marques Andrea Palma Viegas sold 18,000 shares for $70,380, reducing his direct stake by 16.47% to 91,301 shares.
- TIM’s latest quarterly EPS of $0.46 beat analyst expectations of $0.43, while revenue of $1.36 billion fell slightly short of estimates. The company also declared a special dividend of $0.2102 per share.
- Analysts’ consensus rating is Hold, with an average price target of $23.98; shares were trading at $19.08 in Friday midday trading.
TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) CFO Marques Andrea Palma Viegas sold 18,000 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $3.91, for a total value of $70,380.00. Following the completion of the transaction, the chief financial officer directly owned 91,301 shares of the company's stock, valued at approximately $356,986.91. This represents a 16.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
TIM Price Performance
TIMB stock traded up $0.08 during midday trading on Friday, reaching $19.08. The stock had a trading volume of 438,342 shares, compared to its average volume of 886,731. TIM S.A. Sponsored ADR has a 52-week low of $15.94 and a 52-week high of $28.22. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.52. The company's fifty day simple moving average is $18.49 and its 200 day simple moving average is $21.90. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.39.
TIM (NYSE:TIMB - Get Free Report) last released its earnings results on Monday, November 9th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. TIM had a net margin of 14.76% and a return on equity of 17.61%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. As a group, sell-side analysts predict that TIM S.A. Sponsored ADR will post 1.79 earnings per share for the current fiscal year.
TIM Announces Dividend
The firm also recently declared a special dividend, which will be paid on Friday, January 29th. Stockholders of record on Monday, September 28th will be paid a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM's dividend payout ratio (DPR) is currently 64.02%.
Hedge Funds Weigh In On TIM
A number of institutional investors have recently bought and sold shares of TIMB. Hantz Financial Services Inc. raised its holdings in TIM by 12.0% in the third quarter. Hantz Financial Services Inc. now owns 9,713 shares of the company's stock valued at $173,000 after acquiring an additional 1,037 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in TIM by 24.1% in the third quarter. Farther Finance Advisors LLC now owns 5,666 shares of the company's stock worth $101,000 after acquiring an additional 1,102 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in TIM during the 2nd quarter worth approximately $25,000. Lazard Asset Management LLC grew its holdings in TIM by 3.3% during the 1st quarter. Lazard Asset Management LLC now owns 37,655 shares of the company's stock worth $997,000 after acquiring an additional 1,220 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in TIM by 6.5% during the 2nd quarter. QRG Capital Management Inc. now owns 20,034 shares of the company's stock worth $429,000 after acquiring an additional 1,222 shares in the last quarter.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Wall Street Zen cut shares of TIM from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Barclays raised their target price on shares of TIM from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday. Morgan Stanley restated a "market perform" rating and set a $22.00 target price on shares of TIM in a report on Thursday, August 20th. Bank of America upgraded TIM from an "underperform" rating to a "neutral" rating in a report on Tuesday, October 13th. Finally, Weiss Ratings lowered TIM from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $23.98.
Check Out Our Latest Stock Report on TIM
About TIM
(
Get Free Report)
TIM S.A. is a Brazilian telecommunications company that provides mobile voice and data services to consumers and businesses. Its offerings include mobile plans, internet access and digital services, supported by its wireless network. The company also offers fixed broadband services, including fiber-optic internet, under the TIM brand. It serves customers across Brazil, with mobile coverage extending throughout the country. TIM began operating in Brazil in 1998 and has since expanded its network and range of telecommunications services.
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