E.W. Scripps Co. (SSP) Stock Price Up 5.1%
E.W. Scripps Co. (NYSE:SSP)’s share price rose 5.1% on Friday . The stock traded as high as $17.07 and last traded at $17.02, with a volume of 294,052 shares trading hands. The stock had previously closed at $16.19.
SSP has been the topic of several recent research reports. Noble Financial restated a “positive” rating and set a $25.00 target price on shares of E.W. Scripps in a report on Wednesday, April 13th. Jefferies Group restated a “hold” rating and set a $18.00 target price on shares of E.W. Scripps in a report on Wednesday, May 11th. Finally, Zacks Investment Research upgraded E.W. Scripps from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 10th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$22.61.
The stock’s market cap is $1.43 billion. The firm has a 50 day moving average price of $16.58 and a 200-day moving average price of $16.86.
E.W. Scripps (NYSE:SSP) last announced its earnings results on Friday, May 6th. The company reported $0.06 earnings per share for the quarter. The company earned $209 million during the quarter, compared to analyst estimates of $207 million. E.W. Scripps’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. On average, analysts anticipate that E.W. Scripps Co. will post $1.21 EPS for the current year.
Other institutional investors recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of 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 during the last quarter. OppenheimerFunds Inc. raised its position in shares of 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 during the last quarter. New York State Common Retirement Fund raised its position in shares of 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 during the last quarter. Finally, Rhumbline Advisers raised its position in shares of 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 during 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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