-$0.03 Earnings Per Share Expected for E.W. Scripps Company (The) (SSP) This Quarter

Analysts expect that E.W. Scripps Company (The) (NYSE:SSP) will announce earnings per share of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for E.W. Scripps Company (The)’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.06). E.W. Scripps Company (The) posted earnings per share of $0.15 during the same quarter last year, which would suggest a negative year over year growth rate of 120%. The firm is scheduled to report its next quarterly earnings report on Friday, November 3rd.

On average, analysts expect that E.W. Scripps Company (The) will report full year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.24. For the next fiscal year, analysts expect that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.60 to $1.08. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow E.W. Scripps Company (The).

E.W. Scripps Company (The) (NYSE:SSP) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business 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 net margin of 6.05% and a return on equity of 5.90%. E.W. Scripps Company (The)’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS.

A number of brokerages have recently commented on SSP. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price objective on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Noble Financial reissued a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. BidaskClub raised shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Benchmark Co. reissued a “buy” rating and issued a $26.00 price objective on shares of E.W. Scripps Company (The) in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. E.W. Scripps Company (The) currently has an average rating of “Buy” and a consensus target price of $22.00.

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in E.W. Scripps Company (The) by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 5,765 shares of the company’s stock valued at $102,000 after buying an additional 26 shares during the period. Alps Advisors Inc. raised its stake in E.W. Scripps Company (The) by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,984 shares of the company’s stock valued at $374,000 after buying an additional 54 shares during the period. Louisiana State Employees Retirement System raised its stake in E.W. Scripps Company (The) by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock valued at $408,000 after buying an additional 100 shares during the period. Arizona State Retirement System raised its stake in E.W. Scripps Company (The) by 0.7% in the second quarter. Arizona State Retirement System now owns 29,358 shares of the company’s stock valued at $523,000 after buying an additional 200 shares during the period. Finally, Texas Permanent School Fund raised its stake in E.W. Scripps Company (The) by 1.4% in the second quarter. Texas Permanent School Fund now owns 41,136 shares of the company’s stock valued at $733,000 after buying an additional 579 shares during the period. 74.85% of the stock is currently owned by hedge funds and other institutional investors.

E.W. Scripps Company (NYSE SSP) traded up 0.06% on Wednesday, hitting $18.01. 518,483 shares of the stock were exchanged. The stock has a market capitalization of $1.48 billion, a P/E ratio of 26.29 and a beta of 2.01. The company has a 50 day moving average of $18.56 and a 200 day moving average of $20.05. E.W. Scripps Company has a one year low of $12.16 and a one year high of $24.15.

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

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