E. W. Scripps (SSP) Earns Buy Rating from Noble Financial

Noble Financial reaffirmed their buy rating on shares of E. W. Scripps (NYSE:SSP) in a research note published on Friday morning.

SSP has been the subject of several other reports. Guggenheim reiterated a hold rating and issued a $18.00 price target on shares of E. W. Scripps in a research note on Friday, January 26th. Benchmark reiterated a buy rating and issued a $21.00 price target on shares of E. W. Scripps in a research note on Friday, January 26th. ValuEngine lowered shares of E. W. Scripps from a hold rating to a sell rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of E. W. Scripps from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Saturday, January 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. E. W. Scripps currently has a consensus rating of Hold and a consensus target price of $19.25.

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Shares of NYSE SSP opened at $11.59 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.87 and a quick ratio of 2.87. E. W. Scripps has a 12 month low of $11.37 and a 12 month high of $23.70. The firm has a market capitalization of $944.75, a price-to-earnings ratio of -29.72, a P/E/G ratio of 8.52 and a beta of 2.00.

E. W. Scripps (NYSE:SSP) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.09. E. W. Scripps had a negative net margin of 1.44% and a positive return on equity of 1.51%. The business had revenue of $257.00 million during the quarter, compared to analyst estimates of $265.68 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. equities research analysts expect that E. W. Scripps will post 0.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Thursday, March 1st were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.73%. E. W. Scripps’s payout ratio is -51.28%.

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of E. W. Scripps by 27.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 299,391 shares of the company’s stock worth $5,721,000 after acquiring an additional 63,700 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of E. W. Scripps by 17.4% in the 3rd quarter. Wells Fargo & Company MN now owns 186,405 shares of the company’s stock worth $3,563,000 after acquiring an additional 27,603 shares in the last quarter. Cove Street Capital LLC increased 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 worth $49,031,000 after acquiring an additional 715,090 shares in the last quarter. Pinebridge Investments L.P. increased its stake in E. W. Scripps by 11.3% during the 3rd quarter. Pinebridge Investments L.P. now owns 69,092 shares of the company’s stock valued at $1,321,000 after purchasing an additional 7,037 shares in the last quarter. Finally, Royce & Associates LP increased its stake in E. W. Scripps by 1.6% during the 3rd quarter. Royce & Associates LP now owns 440,710 shares of the company’s stock valued at $8,422,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors own 76.96% of the company’s stock.

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E. W. Scripps Company Profile

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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