Analysts Anticipate Grupo Televisa S.A. (TV) Will Post Earnings of $0.11 Per Share

Analysts predict that Grupo Televisa S.A. (NYSE:TV) will report $0.11 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Grupo Televisa’s earnings. Grupo Televisa reported earnings of $0.09 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The firm is expected to issue its next quarterly earnings report on Monday, October 30th.

According to Zacks, analysts expect that Grupo Televisa will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.51 to $0.62. For the next fiscal year, analysts expect that the firm will report earnings of $0.71 per share, with EPS estimates ranging from $0.60 to $0.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Grupo Televisa.

Grupo Televisa (NYSE:TV) last issued its earnings results on Monday, July 10th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $1.25 billion during the quarter. Grupo Televisa had a return on equity of 4.62% and a net margin of 4.69%.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Grupo Televisa from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Morgan Stanley cut shares of Grupo Televisa from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $29.00 to $28.00 in a report on Thursday, August 10th. ValuEngine cut shares of Grupo Televisa from a “hold” rating to a “sell” rating in a report on Monday, August 14th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $26.00 target price (up from $23.00) on shares of Grupo Televisa in a report on Monday, June 5th. Finally, Zacks Investment Research raised shares of Grupo Televisa from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.00.

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Shares of Grupo Televisa (NYSE:TV) traded up 0.16% during trading on Wednesday, reaching $25.05. The company had a trading volume of 1,058,739 shares. The firm has a market capitalization of $62.09 billion, a PE ratio of 305.49 and a beta of 1.32. The firm has a 50-day moving average of $25.74 and a 200 day moving average of $25.40. Grupo Televisa has a 1-year low of $19.69 and a 1-year high of $27.37.

A number of hedge funds and other institutional investors have recently bought and sold shares of TV. Bank of America Corp DE raised its holdings in Grupo Televisa by 361.7% during the first quarter. Bank of America Corp DE now owns 4,295,419 shares of the company’s stock worth $111,423,000 after purchasing an additional 3,365,159 shares in the last quarter. Blackstone Group L.P. raised its holdings in Grupo Televisa by 47.7% during the first quarter. Blackstone Group L.P. now owns 7,681,629 shares of the company’s stock worth $199,261,000 after purchasing an additional 2,479,160 shares in the last quarter. Black Creek Investment Management Inc. raised its holdings in Grupo Televisa by 62.3% during the second quarter. Black Creek Investment Management Inc. now owns 6,431,205 shares of the company’s stock worth $156,728,000 after purchasing an additional 2,468,802 shares in the last quarter. Dodge & Cox raised its holdings in Grupo Televisa by 6.0% during the second quarter. Dodge & Cox now owns 40,308,617 shares of the company’s stock worth $982,321,000 after purchasing an additional 2,287,300 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Grupo Televisa by 3.2% during the second quarter. First Eagle Investment Management LLC now owns 38,547,427 shares of the company’s stock worth $939,401,000 after purchasing an additional 1,195,820 shares in the last quarter. 58.30% of the stock is owned by hedge funds and other institutional investors.

Grupo Televisa Company Profile

Grupo Televisa, SAB. is a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific.

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