Noble Financial Reduces Earnings Estimates for E.W. Scripps

The E.W. Scripps Company (NASDAQ:SSP - Free Report) - Research analysts at Noble Financial cut their FY2026 EPS estimates for E.W. Scripps in a note issued to investors on Monday, April 7th. Noble Financial analyst M. Kupinski now anticipates that the company will earn $0.76 per share for the year, down from their prior forecast of $0.81. The consensus estimate for E.W. Scripps' current full-year earnings is $1.07 per share.

Separately, Benchmark increased their target price on E.W. Scripps from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, March 13th.

E.W. Scripps Stock Down 8.1 %

NASDAQ SSP traded down $0.18 during trading hours on Tuesday, reaching $2.04. 614,950 shares of the company's stock traded hands, compared to its average volume of 929,041. The firm has a market cap of $176.87 million, a PE ratio of -0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.34 and a quick ratio of 1.34. E.W. Scripps has a 52-week low of $1.36 and a 52-week high of $4.65. The firm has a 50-day simple moving average of $2.22 and a 200 day simple moving average of $2.26.

Institutional Investors Weigh In On E.W. Scripps

A number of institutional investors have recently added to or reduced their stakes in SSP. Barclays PLC grew its stake in E.W. Scripps by 1,643.5% during the third quarter. Barclays PLC now owns 418,588 shares of the company's stock valued at $941,000 after acquiring an additional 394,580 shares in the last quarter. Foster & Motley Inc. purchased a new position in shares of E.W. Scripps during the fourth quarter valued at about $75,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of E.W. Scripps in the fourth quarter worth about $320,000. Wittenberg Investment Management Inc. lifted its position in shares of E.W. Scripps by 8.4% in the fourth quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company's stock worth $3,943,000 after buying an additional 137,900 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in E.W. Scripps by 55.1% during the fourth quarter. Bank of New York Mellon Corp now owns 299,016 shares of the company's stock valued at $661,000 after buying an additional 106,220 shares during the last quarter. 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.