Wall Street brokerages forecast that E.W. Scripps Company (The) (NYSE:SSP) will post earnings per share of ($0.03) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for E.W. Scripps Company (The)’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.06). E.W. Scripps Company (The) reported earnings per share of $0.15 in the same quarter last year, which would indicate a negative year over year growth rate of 120%. The company is expected to announce its next quarterly earnings report on Friday, November 3rd.

According to Zacks, analysts expect that E.W. Scripps Company (The) will report full-year earnings of $0.19 per share for the current year, with EPS estimates ranging from $0.12 to $0.24. For the next year, analysts expect that the business will post earnings of $0.90 per share, with EPS estimates ranging from $0.60 to $1.08. Zacks’ earnings per share averages are an average based on a survey of research firms that follow E.W. Scripps Company (The).

E.W. Scripps Company (The) (NYSE:SSP) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $231.82 million for the quarter, compared to analysts’ expectations of $232.04 million. E.W. Scripps Company (The) had a net margin of 6.05% and a return on equity of 5.90%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS.

Several equities analysts recently issued reports on SSP shares. Zacks Investment Research cut shares of E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. Jefferies Group LLC upgraded shares of E.W. Scripps Company (The) to a “hold” rating and set a $20.00 price target on the stock in a research report on Monday, June 5th. BidaskClub upgraded shares of E.W. Scripps Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Benchmark Co. reiterated a “buy” rating and set a $26.00 price target on shares of E.W. Scripps Company (The) in a research report on Thursday, July 13th. Finally, Noble Financial reiterated a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.00.

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Large investors have recently made changes to their positions in the company. Eagle Asset Management Inc. acquired a new stake in shares of E.W. Scripps Company (The) during the first quarter worth $15,360,000. US Bancorp DE boosted its stake in shares of E.W. Scripps Company (The) by 2.3% in the first quarter. US Bancorp DE now owns 146,142 shares of the company’s stock worth $3,426,000 after buying an additional 3,229 shares during the period. Tealwood Asset Management Inc. boosted its stake in shares of E.W. Scripps Company (The) by 2.2% in the second quarter. Tealwood Asset Management Inc. now owns 162,195 shares of the company’s stock worth $2,889,000 after buying an additional 3,445 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in shares of E.W. Scripps Company (The) during the first quarter worth $1,911,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of E.W. Scripps Company (The) during the first quarter worth $639,000. Institutional investors and hedge funds own 74.85% of the company’s stock.

E.W. Scripps Company (NYSE:SSP) traded up 0.77% during trading on Wednesday, hitting $18.30. 507,600 shares of the stock were exchanged. The stock has a 50 day moving average of $18.56 and a 200-day moving average of $20.09. E.W. Scripps Company has a 52 week low of $12.16 and a 52 week high of $24.15. The stock has a market cap of $1.50 billion, a P/E ratio of 26.72 and a beta of 2.01.

About E.W. Scripps Company (The)

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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Earnings History and Estimates for E.W. Scripps Company (The) (NYSE:SSP)

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