Equities research analysts predict that E. W. Scripps Co (NYSE:SSP) will report sales of $268.50 million for the current quarter, according to Zacks. Three analysts have made estimates for E. W. Scripps’ earnings, with the highest sales estimate coming in at $269.20 million and the lowest estimate coming in at $267.66 million. E. W. Scripps reported sales of $272.69 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The firm is expected to announce its next earnings report on Friday, February 23rd.

On average, analysts expect that E. W. Scripps will report full year sales of $268.50 million for the current year, with estimates ranging from $926.93 million to $929.80 million. For the next financial year, analysts expect that the business 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 analysts that cover 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 Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $216.45 million during the quarter, compared to analysts’ expectations of $219.04 million. E. W. Scripps had a net margin of 1.95% and a return on equity of 4.37%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS.

SSP has been the topic of several analyst reports. Zacks Investment Research raised shares of E. W. Scripps from a “sell” rating to a “hold” rating in a report on Wednesday. Benchmark lowered their price target 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. Guggenheim initiated coverage on shares of E. W. Scripps in a report on Wednesday, October 18th. They issued a “neutral” rating and a $19.00 price target on the stock. ValuEngine lowered shares of E. W. Scripps from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Noble Financial reissued a “buy” rating on shares of E. W. Scripps in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.75.

A number of institutional investors have recently made changes to their positions in SSP. JPMorgan Chase & Co. increased its holdings in E. W. Scripps by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,742,523 shares of the company’s stock valued at $128,243,000 after buying an additional 928,854 shares during the period. Cove Street Capital LLC increased its holdings in E. W. Scripps by 76.6% in the 2nd quarter. Cove Street Capital LLC now owns 1,367,615 shares of the company’s stock valued at $24,357,000 after buying an additional 593,330 shares during the period. Lido Advisors LLC grew its holdings in shares of E. W. Scripps by 91.6% in the 3rd quarter. Lido Advisors LLC now owns 1,024,570 shares of the company’s stock worth $17,765,000 after purchasing an additional 489,904 shares during the last quarter. Northern Trust Corp grew its holdings in shares of E. W. Scripps by 27.0% in the 2nd quarter. Northern Trust Corp now owns 2,111,385 shares of the company’s stock worth $37,604,000 after purchasing an additional 449,165 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of E. W. Scripps by 11.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,222,969 shares of the company’s stock worth $61,591,000 after purchasing an additional 323,969 shares during the last quarter. 77.81% of the stock is currently owned by hedge funds and other institutional investors.

E. W. Scripps (NYSE SSP) traded down $0.08 during trading hours on Friday, reaching $16.04. 309,400 shares of the company traded hands, compared to its average volume of 392,678. The firm has a market cap of $1,320.21, a PE ratio of 72.91, a P/E/G ratio of 7.79 and a beta of 1.94. E. W. Scripps has a 1 year low of $13.88 and a 1 year high of $24.15. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.42.

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

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