Noble Financial Forecasts Stronger Earnings for E.W. Scripps

The E.W. Scripps Company (NASDAQ:SSP - Free Report) - Analysts at Noble Financial upped their FY2025 earnings per share (EPS) estimates for E.W. Scripps in a research report issued on Tuesday, November 5th. Noble Financial analyst M. Kupinski now forecasts that the company will earn $0.21 per share for the year, up from their previous estimate of $0.15.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.19). E.W. Scripps had a positive return on equity of 2.94% and a negative net margin of 11.06%. The business had revenue of $646.30 million during the quarter, compared to analyst estimates of $634.01 million. During the same period in the previous year, the business posted ($0.15) earnings per share.

A number of other research firms also recently commented on SSP. StockNews.com upgraded E.W. Scripps from a "sell" rating to a "hold" rating in a report on Tuesday. Benchmark cut their price objective on E.W. Scripps from $11.00 to $7.00 and set a "buy" rating on the stock in a report on Tuesday.

E.W. Scripps Trading Up 2.6 %

Shares of E.W. Scripps stock traded up $0.06 during trading hours on Wednesday, reaching $2.35. The stock had a trading volume of 1,821,508 shares, compared to its average volume of 893,419. The firm has a 50 day simple moving average of $2.31 and a two-hundred day simple moving average of $2.75. The firm has a market capitalization of $202.38 million, a price-to-earnings ratio of -0.64 and a beta of 1.66. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.79. E.W. Scripps has a 1 year low of $1.68 and a 1 year high of $9.35.

Institutional Investors Weigh In On E.W. Scripps

Several hedge funds have recently modified their holdings of SSP. Central Pacific Bank Trust Division purchased a new stake in E.W. Scripps during the 1st quarter worth approximately $193,000. Empowered Funds LLC grew its position in shares of E.W. Scripps by 8.1% in the 1st quarter. Empowered Funds LLC now owns 243,868 shares of the company's stock worth $958,000 after acquiring an additional 18,375 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of E.W. Scripps by 21.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 94,392 shares of the company's stock worth $371,000 after acquiring an additional 16,882 shares in the last quarter. Cove Street Capital LLC grew its position in shares of E.W. Scripps by 34.2% in the 1st quarter. Cove Street Capital LLC now owns 3,703,082 shares of the company's stock worth $14,553,000 after acquiring an additional 944,328 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of E.W. Scripps by 19.6% in the 1st quarter. Russell Investments Group Ltd. now owns 53,382 shares of the company's stock worth $210,000 after acquiring an additional 8,745 shares in the last quarter. 67.81% of the stock is currently owned by hedge funds and other institutional investors.

E.W. Scripps Company Profile

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.