E.W. Scripps Co. (SSP) Stock Price Up 5.1%
E.W. Scripps Co. (NYSE:SSP) rose 5.1% during trading on Friday . The company traded as high as $17.07 and last traded at $17.02, with a volume of 294,052 shares. The stock had previously closed at $16.19.
SSP has been the subject of a number of research reports. Noble Financial restated a “positive” rating and issued a $25.00 price target on shares of E.W. Scripps in a report on Wednesday, April 13th. Jefferies Group restated a “hold” rating and issued a $18.00 price target on shares of E.W. Scripps in a report on Wednesday, May 11th. Finally, Zacks Investment Research upgraded shares of E.W. Scripps from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 10th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. E.W. Scripps currently has a consensus rating of “Buy” and an average price target of C$22.61.
The stock’s 50-day moving average price is $16.58 and its 200 day moving average price is $16.86. The firm’s market capitalization is $1.43 billion.
E.W. Scripps (NYSE:SSP) last posted its quarterly earnings results on Friday, May 6th. The company reported $0.06 EPS for the quarter. The firm had revenue of $209 million for the quarter, compared to the consensus estimate of $207 million. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, equities analysts anticipate that E.W. Scripps Co. will post $1.21 EPS for the current fiscal year.
Other large investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in E.W. Scripps by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,908,625 shares of the company’s stock worth $36,264,000 after buying an additional 215,625 shares in the last quarter. OppenheimerFunds Inc. raised its stake in E.W. Scripps by 3.3% in the fourth quarter. OppenheimerFunds Inc. now owns 1,045,396 shares of the company’s stock worth $19,862,000 after buying an additional 33,471 shares in the last quarter. New York State Common Retirement Fund raised its stake in E.W. Scripps by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 471,763 shares of the company’s stock worth $8,963,000 after buying an additional 26,439 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in E.W. Scripps by 5.0% in the fourth quarter. Rhumbline Advisers now owns 94,625 shares of the company’s stock worth $1,798,000 after buying an additional 4,530 shares in the last quarter.
The E.W. Scripps Company serves audiences and businesses through a portfolio of television, radio and digital media brands. The Company is a television (TV) station owners, with approximately 33 television stations in 24 markets and a reach of nearly one in five United States households. It also owns approximately 34 radio stations in eight markets.
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