Wall Street analysts predict that E.W. Scripps Company (The) (NYSE:SSP) will post sales of $230.76 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for E.W. Scripps Company (The)’s earnings, with the highest sales estimate coming in at $231.09 million and the lowest estimate coming in at $230.50 million. E.W. Scripps Company (The) posted sales of $227.82 million during the same quarter last year, which suggests a positive year over year growth rate of 1.3%. The firm is scheduled to announce its next quarterly earnings report on Friday, August 4th.

According to Zacks, analysts expect that E.W. Scripps Company (The) will report full year sales of $230.76 million for the current year, with estimates ranging from $911.66 million to $923.30 million. For the next year, analysts expect that the firm will post sales of $1.05 billion per share, with estimates ranging from $1.02 billion to $1.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow E.W. Scripps Company (The).

E.W. Scripps Company (The) (NYSE:SSP) last issued its quarterly earnings data on Friday, May 5th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The firm had revenue of $211 million for the quarter, compared to analyst estimates of $211.50 million. E.W. Scripps Company (The) had a net margin of 6.40% and a return on equity of 6.45%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share.

A number of equities analysts have weighed in on SSP shares. Benchmark Co. upped their price target on E.W. Scripps Company (The) from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, March 27th. Zacks Investment Research downgraded E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. Jefferies Group LLC raised E.W. Scripps Company (The) to a “hold” rating and set a $20.00 price target for the company in a research report on Monday, June 5th. Finally, BidaskClub raised E.W. Scripps Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $21.67.

Shares of E.W. Scripps Company (NYSE SSP) traded up 0.80% during trading on Friday, reaching $17.65. 120,469 shares of the company traded hands. E.W. Scripps Company has a 12 month low of $12.16 and a 12 month high of $24.15. The stock’s 50 day moving average price is $17.63 and its 200-day moving average price is $20.19. The stock has a market cap of $1.45 billion, a P/E ratio of 24.69 and a beta of 1.99.

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In other E.W. Scripps Company (The) news, Chairman Richard A. Boehne sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $22.08, for a total transaction of $3,312,000.00. Following the completion of the transaction, the chairman now owns 148,621 shares of the company’s stock, valued at approximately $3,281,551.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.16% of the company’s stock.

Several large investors have recently made changes to their positions in SSP. Eagle Asset Management Inc. bought a new stake in shares of E.W. Scripps Company (The) during the first quarter worth about $15,360,000. US Bancorp DE boosted its stake in shares of E.W. Scripps Company (The) by 2.3% in the first quarter. US Bancorp DE now owns 146,142 shares of the company’s stock worth $3,426,000 after buying an additional 3,229 shares in the last quarter. State Street Corp boosted its stake in shares of E.W. Scripps Company (The) by 8.2% in the fourth quarter. State Street Corp now owns 1,250,054 shares of the company’s stock worth $24,162,000 after buying an additional 94,340 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in shares of E.W. Scripps Company (The) during the first quarter worth about $639,000. Finally, Two Sigma Investments LP bought a new stake in shares of E.W. Scripps Company (The) during the fourth quarter worth about $2,405,000. Institutional investors own 73.93% of the company’s stock.

About E.W. Scripps Company (The)

The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.

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Earnings History and Estimates for E.W. Scripps Company (The) (NYSE:SSP)

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