Grupo Televisa, S.A.B. Reports Disappointing Earnings Results

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) announced its quarterly earnings results on Thursday. The company reported an earnings per share (EPS) of ($0.90) for the most recent quarter. This number fell short of the consensus estimate, which was expected to be $0.01, representing a significant miss of ($0.91), according to Zacks.

In addition, Grupo Televisa recorded a negative net margin of 10.88%, indicating that the company has been operating at a loss during this period. Furthermore, the return on equity (ROE) was reported at a negative 5.68%, suggesting that the company is not generating profits relative to shareholders' equity.

Stock Performance

On Thursday, the stock of Grupo Televisa traded down by 0.2%, decreasing by $0.01 and reaching a price of $2.07. During the trading session, the company saw a volume of 2,899,475 shares change hands, which is higher than its average daily volume of 2,325,590. The company has a modest debt-to-equity ratio of 0.03 and a current ratio of 2.43, indicating a sound liquidity position. Grupo Televisa also has a market capitalization of $1.14 billion, with a price-to-earnings (P/E) ratio of -2.91 and a beta of 1.83, showing higher volatility in its stock price. Over the past year, the stock has reached a low of $1.66 and a high of $3.64, with the 50-day moving average sitting at $1.87 and the 200-day moving average at $2.06.

Analysts' Outlook

Several financial institutions have revised their price targets for Grupo Televisa's stock recently. The Goldman Sachs Group has lowered its price target from $2.50 to $2.20 while maintaining a "buy" rating on the stock, as reported in their update on January 28. Benchmark also reaffirmed a "buy" rating with a target price of $8.00 on February 11. Conversely, JPMorgan Chase & Co. downgraded the stock from "overweight" to "neutral" as of November 14. StockNews.com has similarly reduced its rating from "buy" to "hold" in a report released on November 28. Currently, three analysts hold a "hold" rating on the stock, while two recommend buying it, leading to a consensus rating of "Hold" with an average target price of $4.57 according to MarketBeat data.

Company Overview

Grupo Televisa, S.A.B. provides various media and telecommunications services in Mexico and the United States through its subsidiaries. The company operates across three segments: Cable, Sky, and Other Businesses. The Cable segment offers a range of services, including cable television subscriptions, Internet service, and phone services, along with advertising solutions for local and national markets. Additionally, it provides telecommunication facilities that deliver data and long-distance services for other telecom providers through its fiber-optic network.

Earnings, Stocks, GrupoTelevisa