E. W. Scripps (SSP) Getting Somewhat Favorable Press Coverage, Accern Reports
Press coverage about E. W. Scripps (NYSE:SSP) has been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. E. W. Scripps earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.8345921450317 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- E. W. Scripps (SSP) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Have Investors Already Priced In The E W Scripps Company’s (NYSE:SSP) Growth? (finance.yahoo.com)
- Stitcher continues rapid growth with content from Katie Couric, Jessamyn Stanley and more (finance.yahoo.com)
- Bounce, Grit, Escape and Laff Post Strong Ratings Gains & Best Years Ever in 2017 (finance.yahoo.com)
- Scripps promotes Riegelsberger to vice president of tax and treasury (finance.yahoo.com)
Shares of E. W. Scripps (SSP) opened at $15.59 on Thursday. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1,260.00, a price-to-earnings ratio of 70.86, a price-to-earnings-growth ratio of 7.40 and a beta of 1.93. E. W. Scripps has a twelve month low of $13.88 and a twelve month high of $24.15.
E. W. Scripps (NYSE:SSP) last posted its earnings results on Friday, November 3rd. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The company had revenue of $216.45 million for the quarter, compared to analyst estimates of $219.04 million. E. W. Scripps had a negative net margin of 12.33% and a negative return on equity of 11.37%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. sell-side analysts anticipate that E. W. Scripps will post -0.21 EPS for the current year.
SSP has been the topic of several analyst reports. Noble Financial restated a “buy” rating on shares of E. W. Scripps in a report on Wednesday, October 4th. Guggenheim initiated coverage on shares of E. W. Scripps in a report on Wednesday, October 18th. They issued a “neutral” rating and a $19.00 price objective on the stock. Zacks Investment Research lowered shares of E. W. Scripps from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Benchmark cut their target price on shares of E. W. Scripps from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, ValuEngine lowered shares of E. W. Scripps from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.75.
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About E. W. Scripps
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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