Brokerages forecast that E.W. Scripps Company (The) (NYSE:SSP) will report ($0.03) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for E.W. Scripps Company (The)’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.00. E.W. Scripps Company (The) reported earnings of $0.15 per share during the same quarter last year, which would suggest a negative year over year growth rate of 120%. The firm is expected to issue its next quarterly earnings report on Friday, November 3rd.

According to Zacks, analysts expect that E.W. Scripps Company (The) will report full-year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.24. For the next fiscal year, analysts anticipate that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.60 to $1.08. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow E.W. Scripps Company (The).

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

A number of equities research analysts have weighed in on the stock. Noble Financial restated a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday, October 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of E.W. Scripps Company (The) in a research note on Wednesday, August 16th. Zacks Investment Research downgraded shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. 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, Benchmark Co. reiterated a “buy” rating and issued a $26.00 target price on shares of E.W. Scripps Company (The) in a research note on Thursday, July 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. E.W. Scripps Company (The) currently has an average rating of “Buy” and a consensus price target of $22.00.

TRADEMARK VIOLATION NOTICE: “E.W. Scripps Company (The) (SSP) Expected to Announce Earnings of -$0.03 Per Share” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/11/e-w-scripps-company-the-ssp-expected-to-announce-earnings-of-0-03-per-share-2.html.

E.W. Scripps Company (NYSE SSP) traded up 0.82% during mid-day trading on Wednesday, reaching $18.46. The company had a trading volume of 234,187 shares. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.64 and a beta of 2.02. The firm has a 50-day moving average price of $18.20 and a 200 day moving average price of $19.08. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its stake in shares of E.W. Scripps Company (The) by 4.9% in the second quarter. Gamco Investors INC. ET AL now owns 8,179,151 shares of the company’s stock worth $145,671,000 after buying an additional 385,574 shares in the last quarter. JPMorgan Chase & Co. lifted its position in E.W. Scripps Company (The) by 5.4% during the second quarter. JPMorgan Chase & Co. now owns 5,813,669 shares of the company’s stock valued at $103,543,000 after purchasing an additional 296,437 shares during the period. Vanguard Group Inc. lifted its position in E.W. Scripps Company (The) by 1.3% during the second quarter. Vanguard Group Inc. now owns 5,097,074 shares of the company’s stock valued at $90,779,000 after purchasing an additional 63,426 shares during the period. Bank of New York Mellon Corp lifted its position in E.W. Scripps Company (The) by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 2,398,439 shares of the company’s stock valued at $42,716,000 after purchasing an additional 49,396 shares during the period. Finally, Northern Trust Corp lifted its position in E.W. Scripps Company (The) by 27.0% during the second quarter. Northern Trust Corp now owns 2,111,385 shares of the company’s stock valued at $37,604,000 after purchasing an additional 449,165 shares during the period. Hedge funds and other institutional investors own 74.99% 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.

Get a free copy of the Zacks research report on E.W. Scripps Company (The) (SSP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for E.W. Scripps Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E.W. Scripps Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.