Grupo Televisa (NYSE:TV) Releases Earnings Results, Misses Estimates By $0.77 EPS

Grupo Televisa (NYSE:TV) issued its quarterly earnings results on Thursday. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.77), Zacks reports. Grupo Televisa had a negative return on equity of 9.49% and a negative net margin of 18.27%.The firm had revenue of $794.82 million during the quarter, compared to analyst estimates of $799.01 million.

Grupo Televisa Stock Performance

Shares of TV stock traded down $0.24 on Friday, reaching $2.95. 3,423,200 shares of the company were exchanged, compared to its average volume of 1,248,546. The company has a 50-day moving average of $3.14 and a 200-day moving average of $2.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.31 and a quick ratio of 2.29. Grupo Televisa has a one year low of $1.55 and a one year high of $3.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Grupo Televisa by 21.8% in the fourth quarter. JPMorgan Chase & Co. now owns 27,315,447 shares of the company’s stock valued at $79,488,000 after acquiring an additional 4,888,475 shares during the period. Marshall Wace LLP grew its position in Grupo Televisa by 732.1% in the 4th quarter. Marshall Wace LLP now owns 1,447,810 shares of the company’s stock valued at $4,213,000 after purchasing an additional 1,273,818 shares during the period. Man Group plc bought a new stake in Grupo Televisa during the 2nd quarter valued at $2,291,000. Citadel Advisors LLC raised its holdings in Grupo Televisa by 921.3% during the third quarter. Citadel Advisors LLC now owns 1,083,641 shares of the company’s stock worth $2,915,000 after buying an additional 977,541 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Grupo Televisa in the second quarter valued at $1,232,000. Institutional investors own 55.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TV. Benchmark restated a “buy” rating on shares of Grupo Televisa in a report on Friday, January 2nd. Zacks Research raised Grupo Televisa from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Grupo Televisa in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Grupo Televisa presently has an average rating of “Hold” and a consensus target price of $5.07.

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.