E. W. Scripps (SSP) Earning Somewhat Favorable News Coverage, Report Finds

Media stories about E. W. Scripps (NYSE:SSP) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. E. W. Scripps earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5392073239301 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

SSP has been the subject of a number of analyst reports. Noble Financial restated a “buy” rating on shares of E. W. Scripps in a research note on Wednesday, October 4th. Guggenheim initiated coverage on shares of E. W. Scripps in a research note on Wednesday, October 18th. They set a “neutral” rating and a $19.00 price objective for the company. Zacks Investment Research lowered shares of E. W. Scripps from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Benchmark reduced their price objective on shares of E. W. Scripps from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Finally, ValuEngine lowered shares of E. W. Scripps from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. E. W. Scripps presently has an average rating of “Hold” and a consensus price target of $19.75.

Shares of E. W. Scripps (NYSE SSP) opened at $15.75 on Wednesday. The firm has a market cap of $1,300.56, a PE ratio of 71.59 and a beta of 1.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.27 and a current ratio of 3.27. E. W. Scripps has a 12 month low of $13.88 and a 12 month high of $24.15.

E. W. Scripps (NYSE:SSP) last released its quarterly earnings data on Friday, November 3rd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $216.45 million during the quarter, compared to analyst estimates of $219.04 million. E. W. Scripps had a net margin of 1.95% and a return on equity of 4.37%. E. W. Scripps’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. equities research analysts predict that E. W. Scripps will post -0.1 earnings per share for the current year.

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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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