E.W. Scripps Company (The) (SSP) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

E.W. Scripps Company (The) (NYSE:SSP) released its quarterly earnings results on Friday, November 3rd. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02, Briefing.com reports. E.W. Scripps Company (The) had a return on equity of 4.37% and a net margin of 1.95%. The firm had revenue of $216.45 million during the quarter, compared to analysts’ expectations of $219.04 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was down 7.1% on a year-over-year basis.

E.W. Scripps Company (SSP) opened at $14.27 on Tuesday. The company has a market capitalization of $1,189.17, a price-to-earnings ratio of 29.63 and a beta of 2.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.27 and a quick ratio of 3.27. E.W. Scripps Company has a 12-month low of $13.91 and a 12-month high of $24.15.

A number of equities research analysts recently weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price target on shares of E.W. Scripps Company (The) in a report on Wednesday, August 16th. ValuEngine cut E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday. Guggenheim initiated coverage on E.W. Scripps Company (The) in a report on Wednesday, October 18th. They set a “neutral” rating and a $19.00 price target for the company. Zacks Investment Research lowered E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Noble Financial reiterated a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.75.

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About E.W. Scripps Company (The)

The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.

Earnings History for E.W. Scripps Company (The) (NYSE:SSP)

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