Grupo Televisa (NYSE:TV) Releases Earnings Results, Beats Expectations By $0.06 EPS

Grupo Televisa (NYSE:TV) issued its quarterly earnings results on Thursday. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06, Zacks reports. The company had revenue of $778.61 million during the quarter, compared to the consensus estimate of $767.70 million. Grupo Televisa had a negative return on equity of 5.73% and a negative net margin of 10.39%.

Grupo Televisa Stock Performance

NYSE:TV opened at $2.09 on Friday. The business has a 50 day moving average of $2.42 and a 200 day moving average of $2.80. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -3.32, a PEG ratio of 0.70 and a beta of 1.54. Grupo Televisa has a 1-year low of $2.07 and a 1-year high of $3.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38.

Analysts Set New Price Targets

A number of brokerages have weighed in on TV. Zacks Research lowered shares of Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. UBS Group lowered their price target on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating on the stock in a research report on Monday, July 6th. New Street Research upgraded shares of Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. Wall Street Zen raised shares of Grupo Televisa from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a research note on Thursday, October 15th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $6.55.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a Mexican media and telecommunications company headquartered in Mexico City. Its operations include pay television, broadband and fixed-line telecommunications services, primarily through its izzi brand, as well as satellite television services through Sky México. The company serves residential and commercial customers across Mexico.

Televisa also maintains interests in content and entertainment businesses. In 2022, it combined substantially all of its media and content assets with Univision to create TelevisaUnivision, a Spanish-language media company serving audiences in Mexico, the United States and other international markets.