TVA Group (TSE:TVA.B) Issues Quarterly Earnings Results

TVA Group (TSE:TVA.B) posted its earnings results on Thursday. The company reported C$0.74 EPS for the quarter, FiscalAI reports. TVA Group had a negative net margin of 6.87% and a negative return on equity of 10.65%. The firm had revenue of C$185.54 million for the quarter.

TVA Group Stock Up 3.1%

Shares of TVA.B traded up C$0.02 on Thursday, hitting C$0.66. The company’s stock had a trading volume of 64,580 shares, compared to its average volume of 23,132. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 25.36. The firm has a market capitalization of C$28.52 million, a price-to-earnings ratio of -1.53, a P/E/G ratio of 1.90 and a beta of -0.15. The firm’s fifty day moving average price is C$0.58 and its 200-day moving average price is C$0.60. TVA Group has a fifty-two week low of C$0.45 and a fifty-two week high of C$1.10.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded TVA Group from an “underperform” rating to a “sector perform” rating and upped their target price for the company from C$0.25 to C$0.75 in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, TVA Group has an average rating of “Hold” and a consensus price target of C$0.75.

About TVA Group

TVA Group Inc is a Canada based communications company. Along with its subsidiaries, the firm operates in three segments including the Broadcasting & Production segment which includes the operations of TVA Network, marketing of digital products, commercial production services and distribution of audiovisual products. The Magazines segment publishes French and English language magazines in various fields such as the arts, entertainment, fashion, and sports and markets digital products and provides custom publishing, commercial print production, and pre-media services.