E.W. Scripps (NASDAQ:SSP) Announces Earnings Results

E.W. Scripps (NASDAQ:SSP) posted its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.27, Zacks reports. E.W. Scripps had a negative return on equity of 4.58% and a negative net margin of 58.02%. The firm had revenue of $544.86 million during the quarter, compared to analyst estimates of $545.47 million.

E.W. Scripps Trading Up 3.4%

Shares of NASDAQ:SSP traded up $0.10 during midday trading on Friday, hitting $3.05. 1,760,701 shares of the stock traded hands, compared to its average volume of 786,764. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of $282.64 million, a PE ratio of -0.23 and a beta of 0.71. E.W. Scripps has a one year low of $1.92 and a one year high of $5.39. The business’s 50 day moving average is $2.85 and its two-hundred day moving average is $3.38.

Analyst Upgrades and Downgrades

SSP has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of E.W. Scripps in a report on Wednesday, August 26th. Wells Fargo & Company cut their price target on shares of E.W. Scripps from $4.70 to $3.80 and set an “equal weight” rating for the company in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised shares of E.W. Scripps from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, E.W. Scripps currently has an average rating of “Hold” and a consensus price target of $5.90.

E.W. Scripps Company Profile

The E.W. Scripps Company (NASDAQ: SSP) is an American media company that operates local television stations, national news services and digital media businesses. Its local media operations provide broadcast news, weather, sports and community programming, while its national offerings include Scripps News and Court TV.

Scripps distributes content through over-the-air television, digital platforms and streaming services. The company also operates ION, a national broadcast network known for entertainment programming, as well as other television and digital brands.