E.W. Scripps Company (The) (NYSE:SSP) – Analysts at Jefferies Group decreased their FY2017 EPS estimates for shares of E.W. Scripps Company (The) in a report issued on Thursday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings of $0.19 per share for the year, down from their previous forecast of $0.23. Jefferies Group currently has a “Hold” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for E.W. Scripps Company (The)’s Q2 2018 earnings at $0.19 EPS.

E.W. Scripps Company (The) (NYSE:SSP) last posted its earnings results on Thursday, August 3rd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. E.W. Scripps Company (The) had a return on equity of 5.90% and a net margin of 6.05%. The company had revenue of $231.82 million for the quarter, compared to the consensus estimate of $232.04 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis.

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SSP has been the subject of several other research reports. Zacks Investment Research upgraded shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, July 12th. Benchmark Co. restated a “buy” rating and set a $26.00 price target on shares of E.W. Scripps Company (The) in a research note on Thursday, July 13th. BidaskClub upgraded shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Noble Financial restated a “buy” rating on shares of E.W. Scripps Company (The) in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $22.00.

E.W. Scripps Company (SSP) opened at 18.07 on Monday. The firm has a market cap of $1.49 billion, a P/E ratio of 25.27 and a beta of 2.01. E.W. Scripps Company has a 52-week low of $12.16 and a 52-week high of $24.15. The stock has a 50 day moving average price of $18.43 and a 200 day moving average price of $20.12.

Several large investors have recently modified their holdings of SSP. Eagle Asset Management Inc. bought a new stake in shares of E.W. Scripps Company (The) during the first quarter valued at about $15,360,000. US Bancorp DE raised 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 valued at $3,426,000 after buying an additional 3,229 shares during the last quarter. Tealwood Asset Management Inc. raised its stake in shares of E.W. Scripps Company (The) by 2.2% in the second quarter. Tealwood Asset Management Inc. now owns 162,195 shares of the company’s stock valued at $2,889,000 after buying an additional 3,445 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in E.W. Scripps Company (The) during the first quarter worth $1,911,000. Finally, Alambic Investment Management L.P. acquired a new position in E.W. Scripps Company (The) during the first quarter worth $639,000. Institutional investors own 73.99% of the company’s stock.

E.W. Scripps Company (The) Company Profile

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.

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

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