E.W. Scripps (SSP) to Release Quarterly Earnings on Thursday

E.W. Scripps (NASDAQ:SSP) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

E.W. Scripps (NASDAQ:SSP) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). E.W. Scripps had a positive return on equity of 3.17% and a negative net margin of 39.87%. The business had revenue of $561.46 million during the quarter, compared to the consensus estimate of $571.01 million. On average, analysts expect E.W. Scripps to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

E.W. Scripps Stock Performance

Shares of SSP stock opened at $3.08 on Wednesday. E.W. Scripps has a one year low of $1.96 and a one year high of $11.02. The company’s 50-day moving average is $2.92 and its 200 day moving average is $4.00. The company has a market capitalization of $263.00 million, a price-to-earnings ratio of -0.27 and a beta of 1.79. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.43 and a current ratio of 1.43.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $14.00 price objective on shares of E.W. Scripps in a research report on Monday, May 13th. Wells Fargo & Company cut their target price on shares of E.W. Scripps from $6.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, May 13th. Finally, StockNews.com raised shares of E.W. Scripps from a “sell” rating to a “hold” rating in a research note on Friday, May 17th.

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.