Brokerages predict that E.W. Scripps Company (The) (NYSE:SSP) will report $221.18 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for E.W. Scripps Company (The)’s earnings, with estimates ranging from $219.33 million to $222.50 million. E.W. Scripps Company (The) posted sales of $233.04 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.1%. The business is expected to announce its next earnings results on Friday, November 3rd.

On average, analysts expect that E.W. Scripps Company (The) will report full year sales of $221.18 million for the current year, with estimates ranging from $909.80 million to $948.30 million. For the next fiscal year, analysts anticipate that the business will report sales of $1.18 billion per share, with estimates ranging from $1.07 billion to $1.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow E.W. Scripps Company (The).

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

SSP has been the topic of several recent analyst reports. Benchmark Co. restated 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. 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 on the stock in a research report on Wednesday, July 12th. Noble Financial reiterated a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price target on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 16th. Two investment 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) presently has an average rating of “Buy” and an average price target of $22.00.

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A number of hedge funds and other institutional investors have recently modified their holdings of SSP. PNC Financial Services Group Inc. lifted its position in E.W. Scripps Company (The) by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,765 shares of the company’s stock worth $102,000 after buying an additional 26 shares in the last quarter. State of Alaska Department of Revenue lifted its position in E.W. Scripps Company (The) by 79.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,125 shares of the company’s stock worth $198,000 after buying an additional 4,925 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in E.W. Scripps Company (The) during the 2nd quarter worth about $214,000. Piedmont Investment Advisors LLC acquired a new position in E.W. Scripps Company (The) during the 2nd quarter worth about $217,000. Finally, SG Americas Securities LLC acquired a new position in E.W. Scripps Company (The) during the 2nd quarter worth about $280,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Shares of E.W. Scripps Company (SSP) opened at 17.75 on Friday. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15. The company has a 50 day moving average of $18.19 and a 200-day moving average of $19.07. The firm has a market cap of $1.46 billion, a PE ratio of 25.91 and a beta of 2.02.

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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