The E.W. Scripps Company (NASDAQ:SSP - Free Report) - Research analysts at Noble Financial cut their FY2025 EPS estimates for E.W. Scripps in a note issued to investors on Monday, March 17th. Noble Financial analyst M. Kupinski now anticipates that the company will earn ($0.37) per share for the year, down from their prior forecast of $0.21. The consensus estimate for E.W. Scripps' current full-year earnings is $1.07 per share.
Separately, Benchmark lifted their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, March 13th.
Read Our Latest Research Report on SSP
E.W. Scripps Stock Up 7.9 %
Shares of SSP stock traded up $0.24 during mid-day trading on Wednesday, reaching $3.26. 4,092,991 shares of the company's stock traded hands, compared to its average volume of 959,032. The company's 50-day moving average price is $2.03 and its 200-day moving average price is $2.16. The company has a market cap of $281.54 million, a P/E ratio of -1.05 and a beta of 1.54. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. E.W. Scripps has a 12 month low of $1.36 and a 12 month high of $4.65.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC grew its stake in shares of E.W. Scripps by 32.9% in the fourth quarter. Two Sigma Securities LLC now owns 23,489 shares of the company's stock worth $52,000 after acquiring an additional 5,811 shares during the last quarter. ProShare Advisors LLC grew its position in E.W. Scripps by 50.8% during the 4th quarter. ProShare Advisors LLC now owns 17,268 shares of the company's stock valued at $38,000 after purchasing an additional 5,819 shares during the last quarter. Victory Capital Management Inc. increased its stake in E.W. Scripps by 3.3% during the 4th quarter. Victory Capital Management Inc. now owns 211,740 shares of the company's stock valued at $468,000 after purchasing an additional 6,840 shares in the last quarter. Diversified Trust Co raised its holdings in E.W. Scripps by 36.6% in the fourth quarter. Diversified Trust Co now owns 25,644 shares of the company's stock worth $57,000 after buying an additional 6,868 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of E.W. Scripps by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 36,592 shares of the company's stock worth $81,000 after buying an additional 7,418 shares in the last quarter. Institutional investors own 67.81% of the company's stock.
About E.W. Scripps
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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.
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