Grupo Televisa, S.A.B. (TV) Set to Announce Quarterly Earnings on Thursday

Grupo Televisa, S.A.B. (NYSE:TV) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Grupo Televisa, S.A.B. (NYSE:TV) last released its earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.87). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Grupo Televisa, S.A.B. had a negative net margin of 13.99% and a negative return on equity of 7.36%. During the same period in the prior year, the company posted ($1.27) EPS. On average, analysts expect Grupo Televisa, S.A.B. to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grupo Televisa, S.A.B. Price Performance

Grupo Televisa, S.A.B. stock opened at $2.90 on Thursday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -2.76 and a beta of 1.77. Grupo Televisa, S.A.B. has a 52-week low of $2.10 and a 52-week high of $5.41. The stock’s 50 day moving average price is $3.11 and its two-hundred day moving average price is $2.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.73 and a current ratio of 1.76.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Grupo Televisa, S.A.B. in the 2nd quarter valued at about $25,000. PNC Financial Services Group Inc. raised its stake in Grupo Televisa, S.A.B. by 181.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,409 shares of the company’s stock valued at $33,000 after acquiring an additional 4,129 shares during the period. Freedom Investment Management Inc. bought a new stake in Grupo Televisa, S.A.B. in the 4th quarter valued at about $37,000. Wolverine Trading LLC bought a new stake in shares of Grupo Televisa, S.A.B. during the fourth quarter valued at about $53,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Grupo Televisa, S.A.B. during the third quarter valued at about $55,000. 55.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TV has been the topic of a number of recent research reports. Bank of America cut Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Monday. StockNews.com raised shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $4.00 price target (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a research report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.28.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB. operates as a media company in the Spanish-speaking Mexico and internationally. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription services, as well as sales local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.