Noble Financial reaffirmed their buy rating on shares of E. W. Scripps (NYSE:SSP) in a report issued on Thursday.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded E. W. Scripps from a sell rating to a hold rating in a research report on Saturday, May 26th. Stephens set a $15.00 price target on E. W. Scripps and gave the stock a hold rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $17.80.

Shares of SSP traded up $0.22 during trading hours on Thursday, hitting $16.28. 12,177 shares of the stock were exchanged, compared to its average volume of 417,838. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.89 and a current ratio of 2.89. E. W. Scripps has a 12-month low of $10.69 and a 12-month high of $19.26. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -42.08, a PEG ratio of 3.19 and a beta of 2.03.

E. W. Scripps (NYSE:SSP) last issued its quarterly earnings results on Friday, August 3rd. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. E. W. Scripps had a positive return on equity of 0.89% and a negative net margin of 3.93%. The firm had revenue of $283.40 million during the quarter, compared to analysts’ expectations of $275.68 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. analysts predict that E. W. Scripps will post 0.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, September 13th. E. W. Scripps’s dividend payout ratio (DPR) is currently -51.28%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its stake in E. W. Scripps by 5.8% during the second quarter. California Public Employees Retirement System now owns 118,693 shares of the company’s stock worth $1,589,000 after buying an additional 6,476 shares during the last quarter. Litespeed Management L.L.C. boosted its stake in E. W. Scripps by 3.6% during the second quarter. Litespeed Management L.L.C. now owns 433,529 shares of the company’s stock worth $5,805,000 after buying an additional 15,000 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in E. W. Scripps by 19.8% during the second quarter. Public Employees Retirement System of Ohio now owns 106,166 shares of the company’s stock worth $1,422,000 after buying an additional 17,580 shares during the last quarter. LMR Partners LLP acquired a new position in E. W. Scripps during the second quarter worth $412,000. Finally, Quantbot Technologies LP boosted its stake in E. W. Scripps by 1,024.7% during the first quarter. Quantbot Technologies LP now owns 34,752 shares of the company’s stock worth $416,000 after buying an additional 31,662 shares during the last quarter. 77.70% of the stock is currently owned by institutional investors.

E. W. Scripps Company Profile

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.

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