E.W. Scripps Co. (SSP) Stock Price Up 7.4%
E.W. Scripps Co. (NYSE:SSP) rose 7.4% during mid-day trading on Monday . The company traded as high as $17.34 and last traded at $17.21, with a volume of 521,655 shares changing hands. The stock had previously closed at $16.03.
SSP has been the subject of a number of analyst reports. Zacks Investment Research raised shares of E.W. Scripps from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 10th. Jefferies Group reissued a “hold” rating and issued a $18.00 price objective on shares of E.W. Scripps in a report on Wednesday, May 11th. Finally, Noble Financial reissued a “buy” rating and issued a $25.00 price objective on shares of E.W. Scripps in a report on Wednesday, June 8th. Four research 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 company. The company presently has an average rating of “Buy” and a consensus target price of C$22.33.
The company’s market cap is $1.41 billion. The company’s 50-day moving average price is $16.65 and its 200-day moving average price is $16.62.
E.W. Scripps (NYSE:SSP) last released its earnings results on Friday, August 5th. The company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business earned $228 million during the quarter, compared to analyst estimates of $198.13 million. During the same period last year, the business posted ($0.15) EPS. E.W. Scripps’s revenue was up 15.0% compared to the same quarter last year. Equities analysts forecast that E.W. Scripps Co. will post $1.12 EPS for the current fiscal year.
An institutional investor recently raised its position in E.W. Scripps stock. New York State Common Retirement Fund raised its position in shares of E.W. Scripps Co. (NYSE:SSP) by 5.9% during the fourth quarter, according to its most recent Form 13F filing 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 SEC filing.
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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