E.W. Scripps Co. (NYSE:SSP) saw unusually-high trading volume on Wednesday . Approximately 859,770 shares were traded during trading, an increase of 97% from the previous session’s volume of 437,097 shares.The stock last traded at $14.98 and had previously closed at $14.93.

SSP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded E.W. Scripps from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Saturday, July 9th. Noble Financial restated a “buy” rating and set a $25.00 price objective on shares of E.W. Scripps in a research report on Wednesday, June 8th. Finally, Jefferies Group restated a “hold” rating on shares of E.W. Scripps in a research report on Monday, August 22nd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$22.33.

The company’s 50-day moving average price is $16.55 and its 200 day moving average price is $16.40. The firm’s market capitalization is $1.25 billion.

E.W. Scripps (NYSE:SSP) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The business earned $228 million during the quarter, compared to the consensus estimate of $198.13 million. E.W. Scripps had a negative net margin of 3.56% and a positive return on equity of 2.72%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. On average, analysts expect that E.W. Scripps Co. will post $1.10 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of E.W. Scripps by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,498,106 shares of the company’s stock worth $87,091,000 after buying an additional 56,936 shares during the period. Vanguard Group Inc. increased its position in shares of E.W. Scripps by 1.5% in the second quarter. Vanguard Group Inc. now owns 4,382,289 shares of the company’s stock worth $69,414,000 after buying an additional 63,321 shares during the period. BlackRock Fund Advisors increased its position in shares of E.W. Scripps by 3.7% in the second quarter. BlackRock Fund Advisors now owns 3,598,180 shares of the company’s stock worth $56,995,000 after buying an additional 129,199 shares during the period. JPMorgan Chase & Co. increased its position in shares of E.W. Scripps by 14.1% in the second quarter. JPMorgan Chase & Co. now owns 3,584,231 shares of the company’s stock worth $56,775,000 after buying an additional 443,918 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of E.W. Scripps by 6.5% in the second quarter. Victory Capital Management Inc. now owns 2,531,475 shares of the company’s stock worth $40,099,000 after buying an additional 154,900 shares during the period. Institutional investors and hedge funds own 75.15% of the company’s stock.

About E.W. Scripps

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.

5 Day Chart for NYSE:SSP

Receive News & Ratings for E.W. Scripps Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.W. Scripps Co. and related companies with MarketBeat.com's FREE daily email newsletter.