E. W. Scripps Co (SSP) Trading Down 2%
E. W. Scripps Co (NYSE:SSP) shares dropped 2% during trading 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 subject of several analyst reports. Noble Financial reiterated a “buy” rating and set a $25.00 price target on shares of E. W. Scripps in a report on Wednesday, June 8th. Zacks Investment Research cut shares of E. W. Scripps from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Jefferies Group reiterated a “hold” rating on shares of E. W. Scripps in a report on Friday, August 5th. Four 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. E. W. Scripps currently has a consensus rating of “Buy” and an average price target of C$22.33.
The firm has a 50 day moving average of $16.94 and a 200 day moving average of $16.55. The company’s market capitalization is $1.43 billion.
E. W. Scripps (NYSE:SSP) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The business earned $228 million during the quarter, compared to analysts’ expectations of $198.13 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Analysts expect that E. W. Scripps Co will post $1.12 earnings per share for the current fiscal 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.
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