E. W. Scripps Co Expected to Earn Q1 2018 Earnings of ($0.09) Per Share (SSP)
E. W. Scripps Co (NYSE:SSP) – Equities research analysts at Jefferies Group lowered their Q1 2018 earnings per share (EPS) estimates for E. W. Scripps in a report released on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of ($0.09) for the quarter, down from their previous forecast of $0.07. Jefferies Group also issued estimates for E. W. Scripps’ Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $0.75 EPS.
E. W. Scripps (NYSE:SSP) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The firm had revenue of $257.00 million for the quarter, compared to the consensus estimate of $265.68 million. E. W. Scripps had a positive return on equity of 1.51% and a negative net margin of 1.44%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS.
E. W. Scripps (NYSE:SSP) opened at $13.65 on Monday. The firm has a market capitalization of $1,117.92, a PE ratio of -91.00, a PEG ratio of 10.04 and a beta of 1.98. E. W. Scripps has a twelve month low of $12.95 and a twelve month high of $23.75. The company has a quick ratio of 3.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.73.
Several institutional investors and hedge funds have recently modified their holdings of the company. Elkfork Partners LLC acquired a new position in E. W. Scripps in the fourth quarter worth approximately $101,000. Crossmark Global Holdings Inc. acquired a new position in E. W. Scripps in the third quarter worth approximately $203,000. Fox Run Management L.L.C. acquired a new position in E. W. Scripps in the third quarter worth approximately $264,000. SG Americas Securities LLC increased its holdings in E. W. Scripps by 26.8% in the third quarter. SG Americas Securities LLC now owns 19,918 shares of the company’s stock worth $381,000 after buying an additional 4,211 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in E. W. Scripps in the fourth quarter worth approximately $464,000. Institutional investors own 78.83% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.47%. E. W. Scripps’s dividend payout ratio is -133.33%.
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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’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.
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