Grupo Televisa (NYSE:TV) Announces Quarterly Earnings Results

Key Points

• Grupo Televisa reported quarterly EPS of $9.71, far exceeding analysts’ $0.03 consensus estimate. Revenue reached $778.61 million, also above expectations of $770.36 million, though the company posted a negative net margin of 15.28% and negative return on equity.
• Shares traded near $2.15, close to the 12-month low of $2.12 and below both the 50-day and 200-day moving averages. The stock has a $1.14 billion market capitalization and a negative price-to-earnings ratio.
• Analyst sentiment remains cautious, with one Buy, three Hold, and two Sell ratings; the consensus rating is “Reduce”, despite a reported consensus price target of $6.55.

Grupo Televisa (NYSE:TV - Get Free Report) released its quarterly earnings data on Thursday. The company reported $9.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $9.68, FiscalAI reports. The company had revenue of $778.61 million during the quarter, compared to analysts' expectations of $770.36 million. Grupo Televisa had a negative return on equity of 8.33% and a negative net margin of 15.28%.

Grupo Televisa Price Performance

TV stock traded down $0.03 during trading on Thursday, reaching $2.15. 757,795 shares of the company were exchanged, compared to its average volume of 1,177,606. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -2.36, a P/E/G ratio of 0.77 and a beta of 1.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.40 and a quick ratio of 2.38. The company has a 50-day moving average of $2.44 and a two-hundred day moving average of $2.81. Grupo Televisa has a twelve month low of $2.12 and a twelve month high of $3.49.

Analyst Upgrades and Downgrades

TV has been the topic of a number of research analyst reports. UBS Group dropped their price target on Grupo Televisa from $3.20 to $3.10 and set a "neutral" rating on the stock in a research note on Monday, July 6th. Wall Street Zen cut shares of Grupo Televisa from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. New Street Research upgraded shares of Grupo Televisa from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 21st. Weiss Ratings reissued a "sell (d-)" rating on shares of Grupo Televisa in a research report on Thursday, October 15th. Finally, Zacks Research cut shares of Grupo Televisa from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Grupo Televisa currently has an average rating of "Reduce" and a consensus price target of $6.55.

About Grupo Televisa

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.

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