E.W. Scripps Co. (SSP) Shares Down 1.2%
E.W. Scripps Co. (NYSE:SSP)’s share price traded down 1.2% on Friday . The stock traded as low as $17.46 and last traded at $17.58, with a volume of 230,044 shares trading hands. The stock had previously closed at $17.80.
Several equities analysts have recently weighed in on the company. Jefferies Group reissued a “hold” rating and set a $18.00 price target on shares of E.W. Scripps in a report on Wednesday, May 11th. Zacks Investment Research raised E.W. Scripps from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, Noble Financial restated a “positive” rating and issued a $25.00 price objective on shares of E.W. Scripps in a research note on Wednesday, April 13th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$22.33.
The firm’s market capitalization is $1.48 billion. The stock has a 50 day moving average price of $16.86 and a 200 day moving average price of $16.79.
E.W. Scripps (NYSE:SSP) last announced its quarterly earnings data on Friday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $209 million for the quarter, compared to analysts’ expectations of $207 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. Equities research analysts expect that E.W. Scripps Co. will post $1.21 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted 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 valued at $19,862,000 after buying an additional 33,471 shares during the period. Victory Capital Management Inc. boosted 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 valued at $36,264,000 after buying an additional 215,625 shares during the period. New York State Common Retirement Fund boosted 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 valued at $8,963,000 after buying an additional 26,439 shares during the period. Finally, Rhumbline Advisers boosted 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 valued at $1,798,000 after buying an additional 4,530 shares during the period.
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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