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

Grupo Televisa, S.A.B. (NYSE:TV) is set 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Grupo Televisa, S.A.B. (NYSE:TV) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.88) earnings per share 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 the consensus estimate 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 last year, the firm posted ($1.27) earnings per share. 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 Performance

TV stock opened at $2.90 on Tuesday. Grupo Televisa, S.A.B. has a 1 year low of $2.10 and a 1 year high of $5.41. The company’s 50-day moving average is $3.10 and its 200-day moving average is $2.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.76 and a quick ratio of 1.73.

Analyst Ratings Changes

A number of brokerages have commented on TV. Morgan Stanley reissued 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 note on Friday, January 5th. Bank of America downgraded shares of Grupo Televisa, S.A.B. from a “buy” rating to a “neutral” rating and set a $3.50 price objective on the stock. in a report on Monday, April 15th. Finally, StockNews.com raised shares of Grupo Televisa, S.A.B. from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.