Grupo Televisa, S.A.B. Earnings Report Shows Significant Miss

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) released its earnings results for the latest quarter on Thursday. The company reported an earnings per share (EPS) of ($0.90), falling short of the expected consensus estimate of $0.01 by a notable margin of ($0.91). Furthermore, Grupo Televisa, S.A.B. recorded a negative net margin of 10.88% and a negative return on equity of 5.68%.

Stock Performance

On the day of the earnings announcement, shares of Grupo Televisa, S.A.B. decreased by 0.2%, settling at $2.07. During that trading session, the stock experienced a volume of 2,899,475 shares, which surpasses its average volume of 2,325,590. The company holds a debt-to-equity ratio of 0.03 and shows a current ratio of 2.43, alongside a quick ratio of 2.41. Grupo Televisa, S.A.B. now has a market capitalization of $1.14 billion, with a price-to-earnings ratio of -2.91 and a beta of 1.83. Within the past year, the stock has seen prices as low as $1.66 and as high as $3.64. Its 50-day moving average stands at $1.87, while the 200-day moving average is $2.06.

Analyst Revisions

Several brokerage firms have recently updated their ratings and price targets for Grupo Televisa, S.A.B. The Goldman Sachs Group adjusted its price target down from $2.50 to $2.20 and maintained a "buy" rating in a report. Benchmark reiterated a "buy" rating and set a price target of $8.00 for the shares. Conversely, JPMorgan Chase downgraded the stock from "overweight" to "neutral" in a recent note. Additionally, StockNews.com shifted the rating from "buy" to "hold." Currently, three analysts have categorized the stock as a hold, while two have rated it as a buy. The consensus rating stands at "Hold" with an average target price of $4.57.

About Grupo Televisa, S.A.B.

Grupo Televisa, S.A.B., along with its subsidiaries, provides a range of cable and satellite pay television services in both Mexico and the United States. The company operates through three primary segments: Cable, Sky, and Other Businesses. Its Cable segment offers multiple system cable services, including basic and premium television subscriptions, pay-per-view, installation services, and related internet and telecommunications services.

Grupo, Televisa, Earnings