Brokerages expect E. W. Scripps (NYSE:SSP) to post ($0.09) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for E. W. Scripps’ earnings. E. W. Scripps reported earnings of $0.58 per share during the same quarter last year, which indicates a negative year over year growth rate of 115.5%. The company is expected to issue its next quarterly earnings report on Friday, March 6th.
According to Zacks, analysts expect that E. W. Scripps will report full-year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.15) to ($0.05). For the next year, analysts expect that the company will report earnings of $1.10 per share, with EPS estimates ranging from ($0.06) to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for E. W. Scripps.
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 Tuesday, November 5th. Wells Fargo & Co assumed coverage on shares of E. W. Scripps in a research note on Monday, September 23rd. They set an “outperform” rating and a $17.00 price target on the stock. Noble Financial reissued a “buy” rating and set a $20.00 price target on shares of E. W. Scripps in a research report on Wednesday, November 13th. Guggenheim reissued a “neutral” rating and set a $14.00 price target (down previously from $22.00) on shares of E. W. Scripps in a research report on Monday, August 12th. Finally, Benchmark lowered their price objective on shares of E. W. Scripps from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.60.
In other news, CFO Lisa A. Knutson sold 25,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $14.27, for a total value of $356,750.00. Following the sale, the chief financial officer now directly owns 14,794 shares in the company, valued at $211,110.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.16% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in SSP. Russell Investments Group Ltd. increased its stake in shares of E. W. Scripps by 78.8% during the third quarter. Russell Investments Group Ltd. now owns 196,554 shares of the company’s stock worth $2,610,000 after buying an additional 86,640 shares during the period. United Services Automobile Association grew its holdings in E. W. Scripps by 9.5% during the 2nd quarter. United Services Automobile Association now owns 152,414 shares of the company’s stock worth $2,330,000 after acquiring an additional 13,227 shares in the last quarter. California State Teachers Retirement System increased its position in shares of E. W. Scripps by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 85,258 shares of the company’s stock valued at $1,132,000 after purchasing an additional 1,018 shares during the last quarter. Delphi Management Inc. MA increased its position in shares of E. W. Scripps by 17.3% in the 3rd quarter. Delphi Management Inc. MA now owns 71,027 shares of the company’s stock valued at $943,000 after purchasing an additional 10,478 shares during the last quarter. Finally, Lenox Wealth Management Inc. increased its position in shares of E. W. Scripps by 7.6% in the 3rd quarter. Lenox Wealth Management Inc. now owns 56,924 shares of the company’s stock valued at $755,000 after purchasing an additional 4,000 shares during the last quarter. 77.70% of the stock is owned by institutional investors and hedge funds.
SSP stock opened at $14.61 on Friday. The business’s fifty day moving average price is $14.17 and its 200 day moving average price is $14.18. E. W. Scripps has a 12-month low of $11.36 and a 12-month high of $23.41.
E. W. Scripps Company Profile
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.
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