Brokerages expect E.W. Scripps Company (The) (NYSE:SSP) to post sales of $268.50 million for the current quarter, according to Zacks. Three analysts have issued estimates for E.W. Scripps Company (The)’s earnings, with the highest sales estimate coming in at $269.20 million and the lowest estimate coming in at $267.66 million. E.W. Scripps Company (The) reported sales of $272.69 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The firm is scheduled to announce its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that E.W. Scripps Company (The) will report full-year sales of $268.50 million for the current year, with estimates ranging from $926.93 million to $929.80 million. For the next year, analysts expect that the firm will report sales of $1.17 billion per share, with estimates ranging from $1.10 billion to $1.23 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow E.W. Scripps Company (The).

E.W. Scripps Company (The) (NYSE:SSP) last released its earnings results on Friday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $216.45 million for the quarter, compared to analyst estimates of $219.04 million. E.W. Scripps Company (The) had a return on equity of 4.37% and a net margin of 1.95%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share.

A number of research firms have recently issued reports on SSP. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 target price on shares of E.W. Scripps Company (The) in a report on Wednesday, August 16th. Guggenheim began coverage on E.W. Scripps Company (The) in a report on Wednesday, October 18th. They issued a “neutral” rating and a $19.00 target price on the stock. Zacks Investment Research lowered E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Noble Financial reissued a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday, August 2nd. Finally, BidaskClub raised E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $19.75.

E.W. Scripps Company (NYSE:SSP) traded up $0.14 during trading hours on Wednesday, hitting $15.10. The stock had a trading volume of 372,200 shares, compared to its average volume of 509,036. The firm has a market capitalization of $1,225.21, a price-to-earnings ratio of 30.53 and a beta of 2.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.27 and a current ratio of 3.27. E.W. Scripps Company has a 1-year low of $13.88 and a 1-year high of $24.15.

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Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in E.W. Scripps Company (The) by 1.3% during the second quarter. Vanguard Group Inc. now owns 5,097,074 shares of the company’s stock worth $90,779,000 after acquiring an additional 63,426 shares during the period. Royce & Associates LP grew its holdings in E.W. Scripps Company (The) by 35.4% during the second quarter. Royce & Associates LP now owns 433,710 shares of the company’s stock worth $7,724,000 after acquiring an additional 113,500 shares during the period. Engineers Gate Manager LP grew its holdings in E.W. Scripps Company (The) by 131.9% during the second quarter. Engineers Gate Manager LP now owns 58,461 shares of the company’s stock worth $1,041,000 after acquiring an additional 33,248 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in E.W. Scripps Company (The) by 28.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,480 shares of the company’s stock worth $293,000 after acquiring an additional 3,600 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in E.W. Scripps Company (The) by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 2,398,439 shares of the company’s stock worth $42,716,000 after acquiring an additional 49,396 shares during the period. 77.81% of the stock is currently owned by hedge funds and other institutional investors.

E.W. Scripps Company (The) Company Profile

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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