E. W. Scripps (NYSE:SSP)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a report issued on Thursday. They currently have a $20.00 target price on the stock. Benchmark’s target price would suggest a potential upside of 16.14% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Stephens set a $15.00 price target on E. W. Scripps and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Noble Financial set a $19.00 price target on E. W. Scripps and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Finally, Zacks Investment Research upgraded E. W. Scripps from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.40.

E. W. Scripps stock opened at $17.22 on Thursday. E. W. Scripps has a 12 month low of $10.69 and a 12 month high of $17.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.89 and a quick ratio of 2.89. The company has a market cap of $1.02 billion, a PE ratio of -44.15, a P/E/G ratio of 3.19 and a beta of 2.03.

E. W. Scripps (NYSE:SSP) last released 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 business had revenue of $283.40 million during the quarter, compared to analysts’ expectations of $275.68 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that E. W. Scripps will post 0.63 EPS for the current fiscal year.

In other E. W. Scripps news, major shareholder Charles E. Scripps acquired 5,000 shares of the business’s stock in a transaction on Monday, September 17th. The stock was purchased at an average price of $16.31 per share, for a total transaction of $81,550.00. Following the completion of the transaction, the insider now owns 678,824 shares of the company’s stock, valued at approximately $11,071,619.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Laura Tomlin sold 3,579 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $16.08, for a total value of $57,550.32. Following the completion of the transaction, the senior vice president now owns 3,858 shares of the company’s stock, valued at approximately $62,036.64. The disclosure for this sale can be found here. Insiders acquired 175,643 shares of company stock valued at $2,900,767 in the last quarter. 4.16% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in E. W. Scripps by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 2,515,144 shares of the company’s stock worth $33,678,000 after acquiring an additional 79,568 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in E. W. Scripps by 19.8% in the second quarter. Public Employees Retirement System of Ohio now owns 106,166 shares of the company’s stock worth $1,422,000 after acquiring an additional 17,580 shares in the last quarter. California Public Employees Retirement System raised its position in E. W. Scripps by 5.8% in the second quarter. California Public Employees Retirement System now owns 118,693 shares of the company’s stock worth $1,589,000 after acquiring an additional 6,476 shares in the last quarter. Litespeed Management L.L.C. raised its position in E. W. Scripps by 3.6% in the second quarter. Litespeed Management L.L.C. now owns 433,529 shares of the company’s stock worth $5,805,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Cove Street Capital LLC raised its position in E. W. Scripps by 8.8% in the second quarter. Cove Street Capital LLC now owns 4,025,431 shares of the company’s stock worth $53,901,000 after acquiring an additional 326,712 shares in the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.

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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