Grupo Televisa (NYSE:TV) Shares Gap Down After Earnings Miss

Grupo Televisa S.A. (NYSE:TV) gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $2.79, but opened at $2.64. Grupo Televisa shares last traded at $2.7050, with a volume of 298,238 shares trading hands.

The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $816.64 million for the quarter, compared to analyst estimates of $818.16 million. Grupo Televisa had a negative net margin of 15.28% and a negative return on equity of 8.58%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TV shares. New Street Research downgraded Grupo Televisa from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded Grupo Televisa from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. UBS Group reduced their price objective on shares of Grupo Televisa from $3.20 to $3.10 and set a “neutral” rating for the company in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Grupo Televisa in a report on Friday, July 17th. One 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. According to data from MarketBeat.com, Grupo Televisa presently has a consensus rating of “Reduce” and a consensus price target of $5.23.

Insider Buying and Selling at Grupo Televisa

In other news, Director Robelo Francisco Jose Chevez sold 44,500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $0.57, for a total value of $25,365.00. Following the transaction, the director directly owned 838,275 shares of the company’s stock, valued at approximately $477,816.75. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dahlhaus Jean Michel Enriquez sold 116,500 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $0.57, for a total value of $66,405.00. Following the sale, the director owned 116,500 shares of the company’s stock, valued at approximately $66,405. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,197,500 shares of company stock worth $680,245 over the last 90 days.

Institutional Investors Weigh In On Grupo Televisa

Several institutional investors have recently made changes to their positions in the company. SmartHarvest Portfolios LLC acquired a new position in Grupo Televisa in the first quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Grupo Televisa in the fourth quarter valued at approximately $32,000. AXQ Capital LP acquired a new stake in Grupo Televisa in the fourth quarter valued at approximately $35,000. Diversified Trust Co. bought a new stake in Grupo Televisa in the fourth quarter worth approximately $38,000. Finally, Evergreen Capital Management LLC bought a new stake in Grupo Televisa in the second quarter worth approximately $29,000. 55.77% of the stock is currently owned by institutional investors and hedge funds.

Grupo Televisa Trading Down 1.3%

The company has a market cap of $1.47 billion, a price-to-earnings ratio of -3.03, a price-to-earnings-growth ratio of 0.54 and a beta of 1.55. The company’s 50 day moving average price is $2.76 and its 200 day moving average price is $2.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.36 and a current ratio of 2.39.

About Grupo Televisa

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.