Equities research analysts forecast that E. W. Scripps (NYSE:SSP) will announce sales of $275.72 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for E. W. Scripps’ earnings, with the highest sales estimate coming in at $277.20 million and the lowest estimate coming in at $273.00 million. E. W. Scripps posted sales of $231.82 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.9%. The company is expected to announce its next earnings report on Friday, November 2nd.
On average, analysts expect that E. W. Scripps will report full-year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.16 billion. For the next year, analysts expect that the business will report sales of $1.16 billion per share, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow E. W. Scripps.
E. W. Scripps (NYSE:SSP) last posted its quarterly earnings data on Friday, August 3rd. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. E. W. Scripps had a negative net margin of 3.93% and a positive return on equity of 0.89%. The business had revenue of $283.40 million during the quarter, compared to the consensus estimate of $275.68 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year.
Several institutional investors have recently modified their holdings of the stock. Cove Street Capital LLC raised its holdings in shares of E. W. Scripps by 17.9% during the first quarter. Cove Street Capital LLC now owns 3,698,719 shares of the company’s stock worth $44,347,000 after purchasing an additional 561,729 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of E. W. Scripps by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 2,515,144 shares of the company’s stock worth $33,678,000 after purchasing an additional 79,568 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of E. W. Scripps by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 474,773 shares of the company’s stock worth $7,420,000 after purchasing an additional 3,487 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in E. W. Scripps by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 403,843 shares of the company’s stock valued at $5,409,000 after buying an additional 80,377 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in E. W. Scripps by 12.1% in the first quarter. Eagle Asset Management Inc. now owns 350,530 shares of the company’s stock valued at $4,202,000 after buying an additional 37,815 shares in the last quarter. 77.70% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:SSP traded down $0.05 on Tuesday, hitting $14.26. 306,427 shares of the company were exchanged, compared to its average volume of 439,090. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.76. E. W. Scripps has a 1-year low of $10.69 and a 1-year high of $19.26. The company has a market capitalization of $1.02 billion, a P/E ratio of -36.56, a PEG ratio of 3.19 and a beta of 2.03.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Friday, September 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. E. W. Scripps’s dividend payout ratio (DPR) is presently -51.28%.
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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