Wall Street analysts expect that E. W. Scripps (NYSE:SSP) will report earnings of $0.09 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for E. W. Scripps’ earnings, with estimates ranging from $0.05 to $0.13. E. W. Scripps posted earnings of $0.08 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The business is expected to report its next quarterly earnings report on Friday, November 2nd.

On average, analysts expect that E. W. Scripps will report full year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.75. For the next financial year, analysts forecast that the business will report earnings of $0.43 per share, with EPS estimates ranging from $0.17 to $0.82. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow E. W. Scripps.

E. W. Scripps (NYSE:SSP) last issued its quarterly earnings data on Friday, August 3rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $283.40 million during the quarter, compared to the consensus estimate of $275.68 million. E. W. Scripps had a positive return on equity of 0.89% and a negative net margin of 3.93%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share.

Several brokerages have recently commented on SSP. Zacks Investment Research raised E. W. Scripps from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, August 7th. Stephens set a $15.00 price objective on E. W. Scripps and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Finally, Noble Financial set a $19.00 price objective on E. W. Scripps and gave the stock a “buy” rating in a research note on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.17.

Shares of E. W. Scripps traded down $0.05, hitting $14.26, on Friday, Marketbeat Ratings reports. The company had a trading volume of 306,427 shares, compared to its average volume of 439,090. The company has a market cap of $1.02 billion, a PE ratio of -36.56, a price-to-earnings-growth ratio of 3.19 and a beta of 2.03. E. W. Scripps has a 1 year low of $10.69 and a 1 year high of $19.26. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.76.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Friday, September 14th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, September 13th. E. W. Scripps’s dividend payout ratio (DPR) is presently -51.28%.

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP increased its position in shares of E. W. Scripps by 1,024.7% during the first quarter. Quantbot Technologies LP now owns 34,752 shares of the company’s stock valued at $416,000 after acquiring an additional 31,662 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of E. W. Scripps during the fourth quarter valued at approximately $464,000. New York State Common Retirement Fund increased its position in shares of E. W. Scripps by 14.8% during the first quarter. New York State Common Retirement Fund now owns 323,388 shares of the company’s stock valued at $3,877,000 after acquiring an additional 41,675 shares during the last quarter. Cove Street Capital LLC increased its position 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 valued at $44,347,000 after acquiring an additional 561,729 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of E. W. Scripps by 12.1% during the first quarter. Eagle Asset Management Inc. now owns 350,530 shares of the company’s stock valued at $4,202,000 after acquiring an additional 37,815 shares during the last quarter. 77.70% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for E. W. Scripps (NYSE:SSP)

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