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

Grupo Televisa (NYSE:TV) announced its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06), Zacks reports. Grupo Televisa had a negative net margin of 13.93% and a negative return on equity of 7.65%.

Grupo Televisa Stock Down 0.9%

NYSE TV traded down $0.03 during mid-day trading on Thursday, reaching $2.79. The stock had a trading volume of 1,018,790 shares, compared to its average volume of 1,185,588. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 2.36. Grupo Televisa has a 1 year low of $2.27 and a 1 year high of $3.49. The stock has a market cap of $1.49 billion, a PE ratio of -3.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. The company has a fifty day moving average price of $2.77 and a 200 day moving average price of $2.95.

Analyst Ratings Changes

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

Insider Transactions at Grupo Televisa

In other news, insider Francisco Valim sold 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $0.57, for a total transaction of $128,250.00. Following the completion of the transaction, the insider directly owned 225,000 shares of the company’s stock, valued at $128,250. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 116,500 shares in the company, valued at $66,405. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,197,500 shares of company stock valued at $680,245.

Institutional Investors Weigh In On Grupo Televisa

Large investors have recently made changes to their positions in the company. Evergreen Capital Management LLC purchased a new position in shares of Grupo Televisa in the second quarter worth approximately $29,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Grupo Televisa in the fourth quarter worth about $32,000. Aigen Investment Management LP bought a new position in shares of Grupo Televisa in the fourth quarter worth about $38,000. Virtu Financial LLC purchased a new position in shares of Grupo Televisa during the 3rd quarter valued at about $77,000. Finally, Invesco Ltd. purchased a new position in shares of Grupo Televisa during the 1st quarter valued at about $96,000. 55.77% of the stock is currently owned by 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.