E.W. Scripps (NASDAQ:SSP – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.27, Zacks reports. E.W. Scripps had a negative return on equity of 4.58% and a negative net margin of 58.02%.
E.W. Scripps Price Performance
Shares of SSP traded up $0.07 during mid-day trading on Thursday, reaching $2.95. 1,161,558 shares of the company’s stock were exchanged, compared to its average volume of 752,017. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.08. E.W. Scripps has a 52-week low of $1.92 and a 52-week high of $5.39. The company has a market cap of $273.37 million, a price-to-earnings ratio of -0.21 and a beta of 0.71. The company has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $3.38.
Wall Street Analyst Weigh In
SSP has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of E.W. Scripps in a research report on Wednesday, August 26th. Wells Fargo & Company dropped their price target on E.W. Scripps from $4.70 to $3.80 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Finally, Wall Street Zen raised E.W. Scripps from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.90.
Check Out Our Latest Research Report on E.W. Scripps
E.W. Scripps Company Profile
The E.W. Scripps Company (NASDAQ: SSP) is an American media company that operates local television stations, national news services and digital media businesses. Its local media operations provide broadcast news, weather, sports and community programming, while its national offerings include Scripps News and Court TV.
Scripps distributes content through over-the-air television, digital platforms and streaming services. The company also operates ION, a national broadcast network known for entertainment programming, as well as other television and digital brands.
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