E. W. Scripps Co (SSP) Trading Down 2%
Shares of E. W. Scripps Co (NYSE:SSP) dropped 2% on Friday . The stock traded as low as $17.15 and last traded at $17.22, with a volume of 156,885 shares. The stock had previously closed at $17.58.
SSP has been the topic of a number of recent research reports. Zacks Investment Research upgraded E. W. Scripps from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Jefferies Group restated a “hold” rating and set a $18.00 price objective on shares of E. W. Scripps in a research note on Wednesday, May 11th. Finally, 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. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$22.33.
The firm’s market cap is $1.43 billion. The stock’s 50-day moving average is $16.94 and its 200 day moving average is $16.55.
E. W. Scripps (NYSE:SSP) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $228 million for the quarter, compared to the consensus estimate of $198.13 million. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) EPS. Equities research analysts expect that E. W. Scripps Co will post $1.12 earnings per share for the current year.
The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company operates through segments, including television, radio, digital, and syndication and other. It serves audiences and businesses through a portfolio of television, radio and digital media brands.