E.W. Scripps (NASDAQ:SSP) Posts Quarterly Earnings Results

E.W. Scripps (NASDAQ:SSP) issued its earnings results on Tuesday. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02), Zacks reports. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%.

E.W. Scripps Stock Performance

Shares of SSP stock traded up $0.02 during trading on Tuesday, reaching $1.43. 1,267,486 shares of the company’s stock were exchanged, compared to its average volume of 828,179. E.W. Scripps has a twelve month low of $1.37 and a twelve month high of $4.65. The firm’s fifty day moving average price is $1.99 and its 200-day moving average price is $2.12. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $123.50 million, a PE ratio of -0.46 and a beta of 1.54.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of E.W. Scripps from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

About E.W. Scripps

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media, Scripps Networks, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, sports, and entertainment content, as well as its related digital operations; runs network, syndicated, and original programming, and local sporting events; and provides core and political advertising services.