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

Grupo Televisa (NYSE:TV) issued its quarterly earnings data on Thursday. The company reported ($0.05) EPS 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 during the quarter, compared to analysts’ expectations of $818.16 million.

Grupo Televisa Stock Performance

Shares of TV opened at $2.75 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.36 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -3.03, a PEG ratio of 0.54 and a beta of 1.55. The stock has a 50 day moving average of $2.76 and a 200 day moving average of $2.94. Grupo Televisa has a 12 month low of $2.27 and a 12 month high of $3.49.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group decreased their price target on Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a report on Monday, July 6th. New Street Research cut Grupo Televisa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Grupo Televisa from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.23.

Insiders Place Their Bets

In other news, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of Grupo Televisa stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total transaction of $66,405.00. Following the sale, the director directly owned 116,500 shares in the company, valued at $66,405. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Margain Guadalupe Phillips sold 44,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $0.57, for a total transaction of $25,365.00. Following the sale, the director owned 838,275 shares of the company’s stock, valued at $477,816.75. This trade represents a 5.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,197,500 shares of company stock valued at $680,245.

Institutional Trading of Grupo Televisa

A number of large investors have recently bought and sold shares of TV. Invesco Ltd. purchased a new position in shares of Grupo Televisa during the 1st quarter valued at $96,000. Canada Pension Plan Investment Board bought a new position in Grupo Televisa during the second quarter worth about $1,232,000. Banco BTG Pactual S.A. bought a new position in Grupo Televisa during the second quarter worth about $208,000. Jane Street Group LLC bought a new stake in shares of Grupo Televisa in the second quarter valued at approximately $1,211,000. Finally, Bank of America Corp DE raised its position in shares of Grupo Televisa by 36.8% in the second quarter. Bank of America Corp DE now owns 305,072 shares of the company’s stock valued at $668,000 after purchasing an additional 82,118 shares during the period. 55.77% of the stock is owned by hedge funds and other institutional investors.

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.