Analysts Anticipate E.W. Scripps Company (The) (SSP) to Post $0.05 Earnings Per Share

Equities research analysts predict that E.W. Scripps Company (The) (NYSE:SSP) will post earnings of $0.05 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for E.W. Scripps Company (The)’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.03. E.W. Scripps Company (The) reported 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 business is expected to announce its next earnings results on Friday, February 23rd.

On average, analysts expect that E.W. Scripps Company (The) will report full year earnings of ($0.10) per share for the current financial year, with EPS estimates ranging from ($0.21) to $0.11. For the next financial year, analysts anticipate that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.43 to $0.99. Zacks’ EPS calculations are an average based on a survey of analysts that follow E.W. Scripps Company (The).

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

A number of analysts recently issued reports on SSP shares. Benchmark Co. decreased their price objective on shares of E.W. Scripps Company (The) from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, November 6th. Noble Financial reiterated a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 target price on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 16th. Finally, Zacks Investment Research lowered shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. E.W. Scripps Company (The) has a consensus rating of “Hold” and a consensus price target of $19.75.

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in E.W. Scripps Company (The) by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 5,765 shares of the company’s stock worth $102,000 after purchasing an additional 26 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of E.W. Scripps Company (The) in the third quarter valued at approximately $203,000. State of Alaska Department of Revenue boosted its position in shares of E.W. Scripps Company (The) by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 11,125 shares of the company’s stock valued at $198,000 after acquiring an additional 4,925 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of E.W. Scripps Company (The) in the second quarter valued at approximately $214,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of E.W. Scripps Company (The) in the second quarter valued at approximately $217,000. Hedge funds and other institutional investors own 77.81% of the company’s stock.

Shares of E.W. Scripps Company (SSP) opened at $14.81 on Monday. E.W. Scripps Company has a 1-year low of $13.88 and a 1-year high of $24.15. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1,212.92, a PE ratio of 30.22 and a beta of 2.01.

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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.

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

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