Insider Selling: William Appleton Sells 8,870 Shares of The E.W. Scripps Company Stock (SSP)
The E.W. Scripps Company (NYSE:SSP) SVP William Appleton sold 8,870 shares of The E.W. Scripps Company stock on the open market in a transaction dated Monday, May 12th. The shares were sold at an average price of $20.00, for a total value of $177,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
The E.W. Scripps Company (NYSE:SSP) traded down 1.91% on Wednesday, hitting $19.56. 335,049 shares of the company’s stock traded hands. The E.W. Scripps Company has a 52-week low of $12.85 and a 52-week high of $22.59. The stock has a 50-day moving average of $17.42 and a 200-day moving average of $18.70. The company has a market cap of $1.097 billion and a price-to-earnings ratio of 766.92.
The E.W. Scripps Company (NYSE:SSP) last released its earnings data on Friday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that The E.W. Scripps Company will post $0.91 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of The E.W. Scripps Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $21.40 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The E.W. Scripps Company in a research note on Monday. They now have a $19.00 price target on the stock, up previously from $18.00.
The E. W. Scripps Company, is a media enterprise with interests in television stations, newspapers, and digital local media sites.
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