E.W. Scripps Company (The) (SSP) Issues Earnings Results, Beats Expectations By $0.02 EPS
E.W. Scripps Company (The) (NYSE:SSP) announced its quarterly earnings data on Friday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02, Briefing.com reports. E.W. Scripps Company (The) had a net margin of 6.05% and a return on equity of 5.90%. The company had revenue of $216.45 million during the quarter, compared to analyst estimates of $219.04 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis.
Shares of E.W. Scripps Company (NYSE:SSP) opened at $15.63 on Friday. The firm has a market cap of $1,371.53, a P/E ratio of 24.91, a PEG ratio of 32.73 and a beta of 2.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.84 and a current ratio of 3.84.
A number of brokerages recently weighed in on SSP. BidaskClub upgraded shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Noble Financial reiterated a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of E.W. Scripps Company (The) in a report on Friday, July 14th. Zacks Investment Research lowered shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Benchmark Co. reiterated a “buy” rating and set a $26.00 price objective on shares of E.W. Scripps Company (The) in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued 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.
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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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