Brokerages expect E. W. Scripps Co (NYSE:SSP) to post sales of $268.50 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for E. W. Scripps’ earnings, with the lowest sales estimate coming in at $267.66 million and the highest estimate coming in at $269.20 million. E. W. Scripps posted sales of $272.69 million in the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The firm is scheduled to announce its next earnings results on Friday, February 23rd.

On average, analysts expect that E. W. Scripps will report full year sales of $268.50 million for the current financial year, with estimates ranging from $926.93 million to $929.80 million. For the next financial year, analysts anticipate that the firm will post sales of $1.17 billion per share, with estimates ranging from $1.10 billion to $1.23 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for E. W. Scripps.

E. W. Scripps (NYSE:SSP) last released its earnings results on Friday, November 3rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. E. W. Scripps had a net margin of 1.95% and a return on equity of 4.37%. The firm had revenue of $216.45 million for the quarter, compared to analyst estimates of $219.04 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year.

Several equities analysts have commented on SSP shares. Zacks Investment Research lowered shares of E. W. Scripps from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Benchmark decreased their target price on shares of E. W. Scripps from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, November 6th. ValuEngine lowered shares of E. W. Scripps from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Guggenheim started coverage on shares of E. W. Scripps in a report on Wednesday, October 18th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, Noble Financial reaffirmed a “buy” rating on shares of E. W. Scripps in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. E. W. Scripps presently has a consensus rating of “Hold” and an average target price of $19.75.

E. W. Scripps (NYSE:SSP) traded down $0.29 during mid-day trading on Friday, reaching $15.23. 411,614 shares of the company’s stock traded hands, compared to its average volume of 404,963. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.42. E. W. Scripps has a 52-week low of $13.88 and a 52-week high of $24.15. The company has a market cap of $1,247.32, a price-to-earnings ratio of 31.08 and a beta of 1.93.

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in shares of E. W. Scripps by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,765 shares of the company’s stock worth $102,000 after purchasing an additional 26 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of E. W. Scripps in the 3rd quarter worth approximately $203,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of E. W. Scripps in the 2nd quarter worth approximately $214,000. Piedmont Investment Advisors LLC acquired a new position in shares of E. W. Scripps in the 2nd quarter worth approximately $217,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of E. W. Scripps in the 3rd quarter worth approximately $264,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

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About E. W. Scripps

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 (NYSE:SSP)

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