E. W. Scripps Co (NYSE:SSP)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $12.68 and last traded at $12.68, with a volume of 684599 shares changing hands. The stock had previously closed at $13.02.
A number of equities analysts recently commented on SSP shares. Zacks Investment Research upgraded E. W. Scripps from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut E. W. Scripps from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Guggenheim restated a “hold” rating and set a $18.00 target price on shares of E. W. Scripps in a report on Friday, January 26th. Noble Financial reiterated a “buy” rating on shares of E. W. Scripps in a research note on Monday, January 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $21.00 price objective on shares of E. W. Scripps in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.25.
The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.87 and a current ratio of 2.87. The firm has a market cap of $1,061.31, a P/E ratio of -84.53, a PEG ratio of 9.57 and a beta of 1.98.
E. W. Scripps (NYSE:SSP) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The business had revenue of $257.00 million during the quarter, compared to analysts’ expectations of $265.68 million. E. W. Scripps had a positive return on equity of 1.51% and a negative net margin of 1.44%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. equities analysts anticipate that E. W. Scripps Co will post 0.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 1st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, February 28th. E. W. Scripps’s payout ratio is presently -133.33%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted 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 buying an additional 928,854 shares during the period. Cove Street Capital LLC boosted its stake in shares of E. W. Scripps by 29.5% in the 4th quarter. Cove Street Capital LLC now owns 3,136,990 shares of the company’s stock valued at $49,031,000 after buying an additional 715,090 shares during the period. Bank of New York Mellon Corp raised its position in shares of E. W. Scripps by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,329,962 shares of the company’s stock worth $36,416,000 after acquiring an additional 24,136 shares in the last quarter. Lido Advisors LLC raised its position in shares of E. W. Scripps by 91.6% during the 3rd quarter. Lido Advisors LLC now owns 1,024,570 shares of the company’s stock worth $17,765,000 after acquiring an additional 489,904 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of E. W. Scripps by 39.9% during the 4th quarter. Kennedy Capital Management Inc. now owns 494,315 shares of the company’s stock worth $7,726,000 after acquiring an additional 141,000 shares in the last quarter. Institutional investors and hedge funds own 76.96% of the company’s stock.
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About E. W. Scripps
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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