Grupo Televisa (NYSE:TV) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Grupo Televisa (NYSE:TV) announced its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06), Zacks reports. Grupo Televisa had a negative return on equity of 8.58% and a negative net margin of 15.28%.The company had revenue of $816.64 million for the quarter, compared to analysts’ expectations of $818.16 million.

Grupo Televisa Stock Down 1.3%

Shares of TV stock traded down $0.04 during trading hours on Friday, hitting $2.75. 2,358,939 shares of the company were exchanged, compared to its average volume of 807,944. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -3.03, a P/E/G ratio of 0.54 and a beta of 1.55. Grupo Televisa has a one year low of $2.27 and a one year high of $3.49. The business’s 50-day simple moving average is $2.76 and its two-hundred day simple moving average is $2.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39.

Insider Activity at Grupo Televisa

In other Grupo Televisa news, Director Viadero Salvi Rafael Folch sold 200,003 shares of the stock in a transaction on Monday, May 25th. The shares were sold at an average price of $0.56, for a total transaction of $112,001.68. Following the sale, the director directly owned 32,997 shares of the company’s stock, valued at approximately $18,478.32. This represents a 85.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total transaction of $66,405.00. Following the completion of the transaction, the director owned 116,500 shares in the company, valued at approximately $66,405. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,197,500 shares of company stock worth $680,245 over the last quarter.

Institutional Trading of Grupo Televisa

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Grupo Televisa during the fourth quarter valued at approximately $32,000. Evergreen Capital Management LLC acquired a new position in Grupo Televisa in the second quarter worth approximately $29,000. Aigen Investment Management LP acquired a new position in Grupo Televisa in the fourth quarter worth approximately $38,000. Virtu Financial LLC bought a new position in shares of Grupo Televisa in the third quarter valued at $77,000. Finally, Cerity Partners LLC increased its holdings in shares of Grupo Televisa by 91.2% in the fourth quarter. Cerity Partners LLC now owns 34,600 shares of the company’s stock valued at $101,000 after buying an additional 16,500 shares in the last quarter. Institutional investors own 55.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. Wall Street Zen upgraded shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. New Street Research downgraded shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Finally, UBS Group decreased their target price on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Grupo Televisa has an average rating of “Reduce” and an average price target of $5.23.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a leading Mexican multimedia conglomerate headquartered in Mexico City, specializing in the creation, production and distribution of Spanish-language content. The company operates free-to-air television networks, subscription pay-TV services, broadband and telephony under its cable arm, and a range of digital streaming platforms. Grupo Televisa’s portfolio spans news, sports, telenovelas, reality programming and original series, positioning it as one of the largest content producers in the Spanish-speaking world.

Televisa’s broadcast division includes flagship channels such as Las Estrellas and Canal 5, while its pay-TV segment features operations under brands like Sky México and Izzi Telecom.