Noble Financial Weighs in on E.W. Scripps FY2025 Earnings

E.W. Scripps Company (The) (NASDAQ:SSP) – Noble Financial decreased their FY2025 earnings estimates for shares of E.W. Scripps in a research note issued to investors on Monday, November 10th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of ($0.23) per share for the year, down from their prior forecast of $0.01. The consensus estimate for E.W. Scripps’ current full-year earnings is $1.07 per share.

E.W. Scripps (NASDAQ:SSP) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.24). The company had revenue of $525.85 million for the quarter, compared to the consensus estimate of $523.58 million. E.W. Scripps had a return on equity of 17.68% and a net margin of 4.25%.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of E.W. Scripps from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Wall Street Zen cut shares of E.W. Scripps from a “hold” rating to a “sell” rating in a research note on Sunday, August 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of E.W. Scripps in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.50.

E.W. Scripps Stock Performance

NASDAQ SSP opened at $3.07 on Thursday. The business’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.74. E.W. Scripps has a fifty-two week low of $1.36 and a fifty-two week high of $4.17. The company has a market cap of $271.18 million, a P/E ratio of 6.40 and a beta of 0.99. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.27 and a current ratio of 1.27.

Hedge Funds Weigh In On E.W. Scripps

Institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd boosted its holdings in shares of E.W. Scripps by 25.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 58,820 shares of the company’s stock valued at $145,000 after purchasing an additional 11,833 shares during the period. First Trust Advisors LP bought a new stake in E.W. Scripps during the 3rd quarter valued at $512,000. Teton Advisors LLC bought a new stake in E.W. Scripps during the 3rd quarter valued at $728,000. Minerva Advisors LLC lifted its holdings in shares of E.W. Scripps by 10.0% in the 3rd quarter. Minerva Advisors LLC now owns 1,385,920 shares of the company’s stock worth $3,409,000 after buying an additional 126,078 shares during the period. Finally, D Orazio & Associates Inc. bought a new position in shares of E.W. Scripps during the 3rd quarter worth $27,000. 67.81% of the stock is owned by hedge funds and other institutional investors.

About E.W. Scripps

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media, Scripps Networks, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, sports, and entertainment content, as well as its related digital operations; runs network, syndicated, and original programming, and local sporting events; and provides core and political advertising services.