SSP has been the topic of several other reports. Noble Financial reissued a buy rating and set a $25.00 target price on shares of E.W. Scripps in a report on Wednesday, June 8th. Zacks Investment Research raised E.W. Scripps from a hold rating to a buy rating and set a $19.00 target price on the stock in a report on Saturday, July 9th. Finally, Jefferies Group reissued a hold rating on shares of E.W. Scripps in a report on Monday, August 22nd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. E.W. Scripps has an average rating of Buy and an average target price of C$22.33.
E.W. Scripps (NYSE:SSP) opened at 15.56 on Monday. E.W. Scripps has a 52-week low of $14.52 and a 52-week high of $22.91. The company’s market cap is $1.30 billion. The stock has a 50 day moving average of $16.50 and a 200-day moving average of $16.31.
E.W. Scripps (NYSE:SSP) last released its earnings results on Friday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $228 million for the quarter, compared to analyst estimates of $198.13 million. E.W. Scripps had a positive return on equity of 2.72% and a negative net margin of 3.56%. E.W. Scripps’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. On average, analysts forecast that E.W. Scripps will post $1.10 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its position in E.W. Scripps by 9.5% in the second quarter. Teacher Retirement System of Texas now owns 7,512 shares of the company’s stock valued at $119,000 after buying an additional 653 shares in the last quarter. Bank of Montreal Can purchased a new position in E.W. Scripps during the second quarter valued at approximately $129,000. Tower Research Capital LLC TRC increased its position in E.W. Scripps by 11,567.1% in the second quarter. Tower Research Capital LLC TRC now owns 9,217 shares of the company’s stock valued at $146,000 after buying an additional 9,138 shares in the last quarter. Mason Street Advisors LLC purchased a new position in E.W. Scripps during the second quarter valued at approximately $165,000. Finally, Cubist Systematic Strategies LLC purchased a new position in E.W. Scripps during the second quarter valued at approximately $178,000. Hedge funds and other institutional investors own 75.15% of the company’s stock.
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 operates through segments, including television, radio, digital, and syndication and other. It serves audiences and businesses through a portfolio of television, radio and digital media brands.
Receive News & Ratings for E.W. Scripps Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.W. Scripps Co. and related companies with MarketBeat.com's FREE daily email newsletter.