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

Grupo Televisa (NYSE:TV) announced its earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06, Zacks reports. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.33%. The company had revenue of $778.61 million for the quarter, compared to the consensus estimate of $766.74 million.

Grupo Televisa Trading Down 1.2%

Shares of TV opened at $2.15 on Friday. The stock’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $2.80. The firm has a market capitalization of $1.14 billion, a PE ratio of -2.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. Grupo Televisa has a 12-month low of $2.12 and a 12-month high of $3.49. The company has a quick ratio of 2.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. New Street Research upgraded Grupo Televisa from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Grupo Televisa in a report on Thursday, October 15th. UBS Group decreased 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. Wall Street Zen downgraded Grupo Televisa from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Zacks Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Grupo Televisa presently has a consensus rating of “Reduce” and an average target price 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.