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

Grupo Televisa, S.A.B. (NYSE:TV) is expected to be announcing its earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $15.33 billion 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 announced its earnings results on Thursday, February 20th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.91). Grupo Televisa, S.A.B. had a negative net margin of 11.69% and a negative return on equity of 5.73%. The business had revenue of $758.58 million for the quarter, compared to analyst estimates of $15.49 billion. 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

Shares of TV stock opened at $1.77 on Thursday. The stock’s 50-day simple moving average is $1.86 and its 200-day simple moving average is $1.99. The firm has a market capitalization of $980.23 million, a price-to-earnings ratio of -2.42 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.41 and a current ratio of 2.43. Grupo Televisa, S.A.B. has a fifty-two week low of $1.55 and a fifty-two week high of $3.43.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TV shares. The Goldman Sachs Group cut their price target on shares of Grupo Televisa, S.A.B. from $2.50 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Benchmark reiterated a “buy” rating and set a $7.00 price target (down from $8.00) on shares of Grupo Televisa, S.A.B. in a research report on Wednesday, March 5th.

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.