E.W. Scripps Co. (SSP) Stock Price Up 7.4%
E.W. Scripps Co. (NYSE:SSP) shares rose 7.4% during trading on Monday . The company traded as high as $17.34 and last traded at $17.21, with a volume of 521,655 shares traded. The stock had previously closed at $16.03.
SSP has been the subject of a number of recent research reports. Noble Financial restated a “buy” rating and set a $25.00 price objective on shares of E.W. Scripps in a research note on Wednesday, June 8th. Zacks Investment Research upgraded E.W. Scripps from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, Jefferies Group restated a “hold” rating on shares of E.W. Scripps in a research note on Friday, August 5th. Four investment 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. E.W. Scripps currently has a consensus rating of “Buy” and a consensus target price of C$22.33.
The stock has a 50-day moving average of $16.65 and a 200-day moving average of $16.62. The firm’s market capitalization is $1.41 billion.
E.W. Scripps (NYSE:SSP) last announced its earnings results on Friday, August 5th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $228 million for the quarter, compared to the consensus estimate of $198.13 million. E.W. Scripps’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.15) EPS. Equities analysts expect that E.W. Scripps Co. will post $1.12 EPS for the current year.
A hedge fund recently raised its stake in E.W. Scripps stock. New York State Common Retirement Fund boosted its position in E.W. Scripps Co. (NYSE:SSP) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 471,763 shares of the company’s stock after buying an additional 26,439 shares during the period. New York State Common Retirement Fund owned 0.56% of E.W. Scripps worth $8,963,000 as of its most recent filing with the SEC.
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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