E.W. Scripps Receives Neutral Rating from JPMorgan Chase & Co. (SSP)
E.W. Scripps (NYSE:SSP)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Monday, AnalystRatings.Net reports. They currently have a $19.00 price objective on the stock, up from their previous price objective of $18.00. JPMorgan Chase & Co.’s price target would suggest a potential downside of 6.82% from the company’s current price.
Shares of E.W. Scripps (NYSE:SSP) traded up 7.60% on Monday, hitting $20.39. 584,930 shares of the company’s stock traded hands. E.W. Scripps has a one year low of $12.85 and a one year high of $22.59. The stock’s 50-day moving average is $17.35 and its 200-day moving average is $18.70. The company has a market cap of $1.144 billion and a P/E ratio of 728.85.
E.W. Scripps (NYSE:SSP) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.12. The company had revenue of $203.80 million for the quarter, compared to the consensus estimate of $201.55 million. During the same quarter last year, the company posted ($0.05) earnings per share. E.W. Scripps’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that E.W. Scripps will post $0.91 earnings per share for the current fiscal year.
The E. W. Scripps Company (NYSE:SSP) is a media enterprise with interests in television stations, newspapers, and digital local media sites.
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