E. W. Scripps (NYSE:SSP) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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E. W. Scripps (NYSE:SSP) announced its quarterly earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01, RTT News reports. The company had revenue of $337.50 million for the quarter, compared to analysts’ expectations of $337.35 million. During the same quarter in the prior year, the firm earned $0.10 EPS. E. W. Scripps’s quarterly revenue was up 19.1% compared to the same quarter last year.

Shares of SSP opened at $12.96 on Monday. E. W. Scripps has a fifty-two week low of $12.10 and a fifty-two week high of $23.41. The business has a 50-day simple moving average of $15.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.54%.

In other E. W. Scripps news, major shareholder William H. Scripps sold 80,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $16.11, for a total value of $1,288,800.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.16% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on SSP. Noble Financial reiterated a “buy” rating and set a $25.00 price target on shares of E. W. Scripps in a research report on Wednesday, May 15th. Zacks Investment Research upgraded shares of E. W. Scripps from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.00.

About E. W. Scripps

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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Earnings History for E. W. Scripps (NYSE:SSP)

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