Insider Selling: E.W. Scripps VP Unloads 24,948 Shares of Stock (SSP)
E.W. Scripps (NYSE:SSP) VP Douglas Lyons unloaded 24,948 shares of E.W. Scripps stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $21.19, for a total transaction of $528,648.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
E.W. Scripps (NYSE:SSP) traded down 0.05% during mid-day trading on Friday, hitting $21.07. 185,112 shares of the company’s stock traded hands. E.W. Scripps has a 1-year low of $8.29 and a 1-year high of $22.00. The stock has a 50-day moving average of $19.89 and a 200-day moving average of $17.68. The company has a market cap of $1.173 billion and a price-to-earnings ratio of 67.78.
E.W. Scripps (NYSE:SSP) last announced its earnings results on Friday, November 8th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.10. The company had revenue of $190.00 million for the quarter, compared to the consensus estimate of $197.09 million. During the same quarter last year, the company posted $0.21 earnings per share. E.W. Scripps’s revenue was down 13.6% compared to the same quarter last year.
Separately, analysts at Benchmark Co. raised their price target on shares of E.W. Scripps from $18.00 to $22.00 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock.
The E. W. Scripps Company (NYSE:SSP) is a media enterprise with interests in television stations, newspapers, and digital local media sites.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.