$0.08 EPS Expected for TIM Participacoes S.A. (NYSE:TSU) This Quarter

Analysts predict that TIM Participacoes S.A. (NYSE:TSU) will announce earnings per share (EPS) of $0.08 for the current quarter, according to Zacks. Zero analysts have made estimates for TIM Participacoes’ earnings. TIM Participacoes posted earnings per share of $0.04 in the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The firm is scheduled to announce its next quarterly earnings report on Monday, July 24th.

According to Zacks, analysts expect that TIM Participacoes will report full year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.48 to $0.56. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.62 per share, with EPS estimates ranging from $0.54 to $0.70. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow TIM Participacoes.

A number of brokerages have issued reports on TSU. Zacks Investment Research downgraded TIM Participacoes from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. BidaskClub raised TIM Participacoes from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. J P Morgan Chase & Co raised TIM Participacoes from a “neutral” rating to an “overweight” rating in a report on Thursday, May 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $16.00 price target on shares of TIM Participacoes in a report on Wednesday, May 3rd. Finally, Barclays PLC boosted their price target on TIM Participacoes from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $17.35.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of TIM Participacoes by 10,668.2% in the first quarter. Acadian Asset Management LLC now owns 2,008,162 shares of the Wireless communications provider’s stock valued at $32,090,000 after buying an additional 1,989,513 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of TIM Participacoes during the first quarter valued at $695,000. USA Financial Portformulas Corp acquired a new position in shares of TIM Participacoes during the fourth quarter valued at $484,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of TIM Participacoes during the fourth quarter valued at $336,000. Finally, Norges Bank acquired a new position in shares of TIM Participacoes during the fourth quarter valued at $787,000. 19.29% of the stock is owned by institutional investors and hedge funds.

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Shares of TIM Participacoes (NYSE:TSU) opened at 15.01 on Tuesday. The company has a 50-day moving average of $14.84 and a 200 day moving average of $14.85. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 32.28 and a beta of 1.49. TIM Participacoes has a 12-month low of $10.02 and a 12-month high of $16.81.

The firm also recently announced an annual dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, April 24th were paid a dividend of $0.079 per share. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, April 20th. TIM Participacoes’s payout ratio is 14.89%.

TIM Participacoes Company Profile

TIM Participacoes SA (TIM) is a provider of mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District.

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