Noble Financial Predicts Increased Earnings for E.W. Scripps

The E.W. Scripps Company (NASDAQ:SSP - Free Report) - Equities researchers at Noble Financial boosted their Q1 2025 earnings estimates for shares of E.W. Scripps in a note issued to investors on Monday, April 7th. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of ($0.23) for the quarter, up from their previous forecast of ($0.45). The consensus estimate for E.W. Scripps' current full-year earnings is $1.07 per share. Noble Financial also issued estimates for E.W. Scripps' Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.08) EPS and FY2025 earnings at $0.07 EPS.

Separately, Benchmark upped their price objective on E.W. Scripps from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th.

E.W. Scripps Trading Up 3.9 %

E.W. Scripps stock traded up $0.08 during mid-day trading on Wednesday, hitting $2.12. 325,473 shares of the company's stock were exchanged, compared to its average volume of 926,705. E.W. Scripps has a fifty-two week low of $1.36 and a fifty-two week high of $4.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $183.81 million, a P/E ratio of -0.68 and a beta of 0.92. The company's 50 day simple moving average is $2.22 and its 200-day simple moving average is $2.26.

Institutional Trading of E.W. Scripps

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of E.W. Scripps in the fourth quarter valued at about $37,000. Jefferies Financial Group Inc. bought a new stake in shares of E.W. Scripps during the 4th quarter worth $291,000. Public Employees Retirement System of Ohio acquired a new stake in E.W. Scripps in the fourth quarter valued at about $29,000. Two Sigma Advisers LP grew its position in E.W. Scripps by 35.3% in the fourth quarter. Two Sigma Advisers LP now owns 471,600 shares of the company's stock valued at $1,042,000 after acquiring an additional 123,100 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in E.W. Scripps by 16.0% during the fourth quarter. Two Sigma Investments LP now owns 712,221 shares of the company's stock worth $1,574,000 after acquiring an additional 98,172 shares in the last quarter. 67.81% of the stock is owned by 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.