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

Grupo Televisa, S.A.B. (NYSE:TV) is scheduled to issue 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Grupo Televisa, S.A.B. (NYSE:TV) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.87). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Grupo Televisa, S.A.B. had a negative return on equity of 7.36% and a negative net margin of 13.99%. During the same quarter in the prior year, the firm 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. Stock Up 3.2 %

Shares of TV stock opened at $2.90 on Tuesday. The business has a 50-day moving average of $3.10 and a 200 day moving average of $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. Grupo Televisa, S.A.B. has a 1-year low of $2.10 and a 1-year high of $5.41.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $4.00 price objective (down previously from $7.00) on shares of Grupo Televisa, S.A.B. in a research report on Friday, January 5th. Bank of America downgraded Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price objective for the company. in a research report on Monday, April 15th. Finally, StockNews.com upgraded Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.28.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. 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, as well as 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.