E.W. Scripps (NASDAQ:SSP – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.27, Zacks reports. E.W. Scripps had a negative net margin of 58.02% and a negative return on equity of 4.58%.
E.W. Scripps Price Performance
Shares of SSP traded up $0.07 during trading hours on Thursday, reaching $2.95. The company had a trading volume of 1,161,558 shares, compared to its average volume of 752,017. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.08. E.W. Scripps has a 12-month low of $1.92 and a 12-month high of $5.39. The firm has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $3.38. The company has a market capitalization of $273.37 million, a price-to-earnings ratio of -0.21 and a beta of 0.71.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SSP. Wells Fargo & Company lowered their price objective on E.W. Scripps from $4.70 to $3.80 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d)” rating on shares of E.W. Scripps in a report on Wednesday, August 26th. Finally, Wall Street Zen upgraded E.W. Scripps from a “sell” rating to a “hold” rating in a research note 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.90.
Check Out Our Latest Report on SSP
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.
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