E. W. Scripps Co (SSP) Expected to Announce Quarterly Sales of $268.50 Million
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.
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.
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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