E.W. Scripps Company (The) (NYSE:SSP) – Equities research analysts at Jefferies Group cut their Q3 2017 earnings estimates for E.W. Scripps Company (The) in a note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings of ($0.06) per share for the quarter, down from their prior forecast of ($0.03). Jefferies Group has a “Hold” rating and a $20.00 price target on the stock.

E.W. Scripps Company (The) (NYSE:SSP) last issued its earnings results 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 firm had revenue of $231.82 million for 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%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. ILLEGAL ACTIVITY WARNING: “E.W. Scripps Company (The) Forecasted to Earn Q3 2017 Earnings of ($0.06) Per Share (SSP)” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/23/e-w-scripps-company-the-forecasted-to-earn-q3-2017-earnings-of-0-06-per-share-ssp.html.

Several other analysts have also issued reports on SSP. Zacks Investment Research lowered shares of E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a research report on Saturday. Guggenheim started coverage on shares of E.W. Scripps Company (The) in a report on Wednesday, October 18th. They set a “neutral” rating and a $19.00 target price for the company. Noble Financial reiterated a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday, October 4th. BidaskClub raised 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. reissued 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. E.W. Scripps Company (The) presently has a consensus rating of “Hold” and an average target price of $21.25.

Shares of E.W. Scripps Company (NYSE:SSP) opened at 17.69 on Monday. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15. The firm has a market cap of $1.45 billion, a P/E ratio of 25.82 and a beta of 2.02. The company’s 50 day moving average price is $18.13 and its 200 day moving average price is $18.85.

Several institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its stake in shares of E.W. Scripps Company (The) by 41.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,335 shares of the company’s stock valued at $359,000 after buying an additional 4,500 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in E.W. Scripps Company (The) by 3.2% in the 1st quarter. Ameriprise Financial Inc. now owns 294,819 shares of the company’s stock valued at $6,910,000 after acquiring an additional 9,222 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in E.W. Scripps Company (The) by 60.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 81,900 shares of the company’s stock valued at $1,920,000 after acquiring an additional 30,844 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in E.W. Scripps Company (The) by 3.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 31,773 shares of the company’s stock valued at $745,000 after acquiring an additional 1,100 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in E.W. Scripps Company (The) in the 1st quarter valued at $1,911,000. Institutional investors and hedge funds 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.

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

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