FY2025 EPS Estimates for E.W. Scripps Cut by Noble Financial

The E.W. Scripps Company (NASDAQ:SSP) – Equities researchers at Noble Financial dropped their FY2025 earnings per share estimates for shares of E.W. Scripps in a research report issued to clients and investors on Monday, March 17th. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings per share of ($0.37) for the year, down from their previous estimate of $0.21. The consensus estimate for E.W. Scripps’ current full-year earnings is $1.07 per share.

Separately, Benchmark upped their price objective on E.W. Scripps from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, March 13th.

E.W. Scripps Stock Up 13.2 %

NASDAQ SSP opened at $2.92 on Wednesday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. E.W. Scripps has a 52 week low of $1.36 and a 52 week high of $4.65. The stock has a fifty day moving average of $1.98 and a 200-day moving average of $2.13. The stock has a market capitalization of $252.18 million, a P/E ratio of -0.94 and a beta of 1.54.

Institutional Investors Weigh In On E.W. Scripps

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wittenberg Investment Management Inc. increased its holdings in E.W. Scripps by 8.4% in the fourth quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company’s stock valued at $3,943,000 after purchasing an additional 137,900 shares during the last quarter. Millennium Management LLC increased its holdings in shares of E.W. Scripps by 7.7% in the fourth quarter. Millennium Management LLC now owns 1,724,192 shares of the company’s stock worth $3,810,000 after acquiring an additional 123,663 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of E.W. Scripps by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,468,827 shares of the company’s stock worth $3,247,000 after acquiring an additional 26,683 shares in the last quarter. Minerva Advisors LLC increased its holdings in shares of E.W. Scripps by 48.5% in the third quarter. Minerva Advisors LLC now owns 1,192,441 shares of the company’s stock worth $2,671,000 after acquiring an additional 389,481 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of E.W. Scripps by 112.5% in the fourth quarter. Marshall Wace LLP now owns 1,055,343 shares of the company’s stock worth $2,332,000 after acquiring an additional 558,818 shares in the last quarter. Institutional investors own 67.81% of the company’s stock.

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.