E.W. Scripps Company (The) (NYSE:SSP)‘s stock had its “buy” rating reissued by equities research analysts at Noble Financial in a research note issued to investors on Wednesday.

SSP has been the topic of a number of other reports. Benchmark Co. reaffirmed a “buy” rating and issued a $26.00 price target on shares of E.W. Scripps Company (The) in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of E.W. Scripps Company (The) in a research note on Friday, July 14th. Zacks Investment Research raised E.W. Scripps Company (The) from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, July 12th. Finally, BidaskClub raised E.W. Scripps Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $22.00.

E.W. Scripps Company (NYSE SSP) traded up 0.47% on Wednesday, hitting $19.18. The stock had a trading volume of 221,536 shares. E.W. Scripps Company has a 12 month low of $12.16 and a 12 month high of $24.15. The company has a market cap of $1.58 billion, a PE ratio of 28.00 and a beta of 2.02. The company has a 50-day moving average of $18.16 and a 200 day moving average of $19.22.

E.W. Scripps Company (The) (NYSE:SSP) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $231.82 million for the quarter, compared to analyst estimates of $232.04 million. E.W. Scripps Company (The) had a return on equity of 5.90% and a net margin of 6.05%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. On average, analysts predict that E.W. Scripps Company will post $0.14 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its stake in E.W. Scripps Company (The) by 35.4% during the second quarter. Royce & Associates LP now owns 433,710 shares of the company’s stock worth $7,724,000 after buying an additional 113,500 shares during the last quarter. Engineers Gate Manager LP boosted its stake in E.W. Scripps Company (The) by 131.9% during the second quarter. Engineers Gate Manager LP now owns 58,461 shares of the company’s stock worth $1,041,000 after buying an additional 33,248 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in E.W. Scripps Company (The) by 2.2% during the second quarter. Tealwood Asset Management Inc. now owns 162,195 shares of the company’s stock worth $2,889,000 after buying an additional 3,445 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in E.W. Scripps Company (The) by 28.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,480 shares of the company’s stock worth $293,000 after buying an additional 3,600 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in E.W. Scripps Company (The) during the first quarter worth $1,911,000. 74.99% of the stock is currently owned by institutional investors.

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.

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