E.W. Scripps (NASDAQ:SSP – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.19), Zacks reports. E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 8.27%. The company had revenue of $646.30 million for the quarter, compared to analyst estimates of $634.01 million. During the same quarter last year, the business earned ($0.15) EPS.
E.W. Scripps Stock Down 0.4 %
NASDAQ:SSP traded down $0.01 during mid-day trading on Thursday, hitting $2.34. 288,862 shares of the company’s stock were exchanged, compared to its average volume of 890,624. E.W. Scripps has a one year low of $1.68 and a one year high of $9.35. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.34 and a quick ratio of 1.50. The business has a fifty day moving average price of $2.31 and a 200 day moving average price of $2.75. The company has a market cap of $201.52 million, a PE ratio of -0.79 and a beta of 1.66.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Benchmark lowered their target price on E.W. Scripps from $11.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com raised E.W. Scripps from a “sell” rating to a “hold” rating in a research report on Tuesday.
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.
Featured Articles
- Five stocks we like better than E.W. Scripps
- Are Penny Stocks a Good Fit for Your Portfolio?
- Breakout Alert: Qualcomm Just Hit The Rally Button
- How to Invest in Insurance Companies: A Guide
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
- What is the S&P/TSX Index?
- Atlassian Is Up +60% in Three Months—What’s Causing the Rally?
Receive News & Ratings for E.W. Scripps Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.W. Scripps and related companies with MarketBeat.com's FREE daily email newsletter.
