Wall Street brokerages expect E. W. Scripps Co (NYSE:SSP) to post earnings per share of $0.05 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for E. W. Scripps’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.07. E. W. Scripps posted earnings per share of $0.46 in the same quarter last year, which would suggest a negative year over year growth rate of 89.1%. The company is scheduled to report its next quarterly earnings report on Friday, February 23rd.
According to Zacks, analysts expect that E. W. Scripps will report full year earnings of ($0.21) per share for the current financial year, with EPS estimates ranging from ($0.22) to ($0.20). For the next year, analysts anticipate that the firm will report earnings of $0.69 per share, with EPS estimates ranging from $0.44 to $0.99. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for E. W. Scripps.
E. W. Scripps (NYSE:SSP) last released its quarterly earnings results on Friday, November 3rd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $216.45 million during the quarter, compared to analysts’ expectations of $219.04 million. E. W. Scripps had a return on equity of 4.37% and a net margin of 1.95%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS.
SSP has been the topic of a number of analyst reports. Noble Financial reaffirmed a “buy” rating on shares of E. W. Scripps in a research report on Wednesday, October 4th. Guggenheim began coverage on E. W. Scripps in a research report on Wednesday, October 18th. They set a “neutral” rating and a $19.00 target price on the stock. Zacks Investment Research lowered E. W. Scripps from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Benchmark cut their target price on E. W. Scripps from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Finally, ValuEngine lowered E. W. Scripps from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.75.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in E. W. Scripps by 1.3% during the second quarter. Vanguard Group Inc. now owns 5,097,074 shares of the company’s stock worth $90,779,000 after buying an additional 63,426 shares during the period. Engineers Gate Manager LP grew its stake in shares of E. W. Scripps by 131.9% in the 2nd quarter. Engineers Gate Manager LP now owns 58,461 shares of the company’s stock valued at $1,041,000 after purchasing an additional 33,248 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of E. W. Scripps by 27.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 299,391 shares of the company’s stock valued at $5,721,000 after purchasing an additional 63,700 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of E. W. Scripps by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,742,523 shares of the company’s stock valued at $128,243,000 after purchasing an additional 928,854 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its stake in shares of E. W. Scripps by 11.3% in the 3rd quarter. Pinebridge Investments L.P. now owns 69,092 shares of the company’s stock valued at $1,321,000 after purchasing an additional 7,037 shares during the last quarter. 77.81% of the stock is currently owned by institutional investors and hedge funds.
E. W. Scripps (SSP) traded down $0.08 during mid-day trading on Thursday, reaching $16.04. The company’s stock had a trading volume of 309,400 shares, compared to its average volume of 392,678. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1,313.66, a price-to-earnings ratio of 72.91, a P/E/G ratio of 7.75 and a beta of 1.94. E. W. Scripps has a 52 week low of $13.88 and a 52 week high of $24.15.
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E. W. Scripps Company Profile
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.
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