Noble Financial Comments on E.W. Scripps FY2024 Earnings

The E.W. Scripps Company (NASDAQ:SSP) – Noble Financial issued their FY2024 earnings per share estimates for shares of E.W. Scripps in a report issued on Tuesday, November 5th. Noble Financial analyst M. Kupinski anticipates that the company will post earnings per share of ($1.07) for the year. Noble Financial also issued estimates for E.W. Scripps’ Q4 2024 earnings at $0.99 EPS.

Several other analysts have also commented on SSP. StockNews.com upgraded E.W. Scripps from a “sell” rating to a “hold” rating in a report on Tuesday. Benchmark lowered their price objective on shares of E.W. Scripps from $11.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday.

E.W. Scripps Trading Up 2.6 %

SSP opened at $2.35 on Thursday. The business’s 50-day moving average is $2.31 and its two-hundred day moving average is $2.75. The company has a current ratio of 1.34, a quick ratio of 1.50 and a debt-to-equity ratio of 2.24. E.W. Scripps has a 1 year low of $1.68 and a 1 year high of $9.35.

E.W. Scripps (NASDAQ:SSP) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.19). The business had revenue of $646.30 million during the quarter, compared to the consensus estimate of $634.01 million. E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 8.27%. During the same quarter in the prior year, the firm posted ($0.15) EPS.

Institutional Investors Weigh In On E.W. Scripps

Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. acquired a new stake in E.W. Scripps during the 2nd quarter worth about $38,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of E.W. Scripps in the second quarter worth about $39,000. Diversified Trust Co acquired a new stake in E.W. Scripps during the third quarter worth about $42,000. CWM LLC grew its holdings in E.W. Scripps by 4,620.6% during the second quarter. CWM LLC now owns 14,209 shares of the company’s stock worth $45,000 after acquiring an additional 13,908 shares during the period. Finally, Virtu Financial LLC acquired a new stake in E.W. Scripps in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 67.81% of the company’s stock.

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.