E.W. Scripps Company (The) (SSP) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

E.W. Scripps Company (The) (NYSE:SSP) issued its earnings results on Friday. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02, Briefing.com reports. The business had revenue of $216.45 million during the quarter, compared to analysts’ expectations of $219.04 million. E.W. Scripps Company (The) had a return on equity of 5.90% and a net margin of 6.05%. E.W. Scripps Company (The)’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share.

Shares of E.W. Scripps Company (SSP) traded down $1.08 during trading hours on Friday, hitting $15.63. The company had a trading volume of 1,020,000 shares, compared to its average volume of 308,536. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.41. E.W. Scripps Company has a twelve month low of $12.16 and a twelve month high of $24.15. The stock has a market capitalization of $1,280.00, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 32.73 and a beta of 2.01.

Several analysts have recently commented on the company. Zacks Investment Research cut E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Guggenheim assumed coverage on E.W. Scripps Company (The) in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $19.00 target price for the company. Noble Financial reaffirmed a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 target price on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 16th. Finally, BidaskClub raised E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. E.W. Scripps Company (The) presently has an average rating of “Hold” and an average target price of $21.25.

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About E.W. Scripps Company (The)

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.

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

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