E. W. Scripps (NYSE:SSP) major shareholder Eaton M. Scripps bought 14,858 shares of the company’s stock in a transaction on Friday, October 19th. The shares were bought at an average price of $17.15 per share, for a total transaction of $254,814.70. Following the transaction, the insider now owns 769,409 shares of the company’s stock, valued at $13,195,364.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

NYSE:SSP opened at $17.22 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -44.15, a P/E/G 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 $17.98. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.76.

E. W. Scripps (NYSE:SSP) last posted its earnings results on Friday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $283.40 million for 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 business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. On average, analysts predict that E. W. Scripps will post 0.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Friday, September 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. E. W. Scripps’s dividend payout ratio is currently -51.28%.

Several large investors have recently bought and sold shares of SSP. Cove Street Capital LLC raised its position in shares of E. W. Scripps by 8.8% in the second quarter. Cove Street Capital LLC now owns 4,025,431 shares of the company’s stock worth $53,901,000 after buying an additional 326,712 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of E. W. Scripps by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 2,515,144 shares of the company’s stock worth $33,678,000 after buying an additional 79,568 shares in the last quarter. Litespeed Management L.L.C. raised its position in shares of E. W. Scripps by 3.6% in the second quarter. Litespeed Management L.L.C. now owns 433,529 shares of the company’s stock worth $5,805,000 after buying an additional 15,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of E. W. Scripps by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 403,843 shares of the company’s stock worth $5,409,000 after buying an additional 80,377 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of E. W. Scripps by 14.8% in the first quarter. New York State Common Retirement Fund now owns 323,388 shares of the company’s stock worth $3,877,000 after buying an additional 41,675 shares in the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.

Several equities research analysts have issued reports on the company. Noble Financial restated a “buy” rating on shares of E. W. Scripps in a research report on Friday. Zacks Investment Research upgraded E. W. Scripps from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, October 9th. Benchmark restated a “buy” rating and set a $20.00 target price on shares of E. W. Scripps in a research report on Thursday. Finally, Stephens set a $15.00 target price on E. W. Scripps and gave the stock a “hold” rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. E. W. Scripps currently has an average rating of “Buy” and an average price target of $18.40.

E. W. Scripps Company Profile

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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Insider Buying and Selling by Quarter for E. W. Scripps (NYSE:SSP)

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