E.W. Scripps (NASDAQ:SSP - Get Free Report) announced its earnings results on Monday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.19), Zacks reports. The company had revenue of $646.30 million for the quarter, compared to the consensus estimate of $634.01 million. E.W. Scripps had a negative net margin of 11.06% and a positive return on equity of 2.94%. During the same quarter in the previous year, the firm earned ($0.15) earnings per share.
E.W. Scripps Trading Up 0.9 %
SSP stock traded up $0.02 on Tuesday, reaching $2.29. The company's stock had a trading volume of 2,092,932 shares, compared to its average volume of 889,081. The firm has a market cap of $197.21 million, a PE ratio of -0.63 and a beta of 1.66. The business has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $2.76. E.W. Scripps has a 12-month low of $1.68 and a 12-month high of $9.35. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.50 and a current ratio of 1.50.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on SSP shares. Benchmark reduced their price objective on E.W. Scripps from $11.00 to $7.00 and set a "buy" rating on the stock in a research report on Tuesday. StockNews.com downgraded shares of E.W. Scripps from a "hold" rating to a "sell" rating in a research note on Thursday, August 15th.
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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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