E.W. Scripps (NASDAQ:SSP – Get Free Report) released its earnings results on Thursday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17), Zacks reports. E.W. Scripps had a negative net margin of 39.87% and a positive return on equity of 3.17%. The firm had revenue of $573.63 million during the quarter, compared to the consensus estimate of $586.65 million. During the same period in the prior year, the company earned ($0.09) EPS.
E.W. Scripps Price Performance
Shares of NASDAQ SSP traded down $0.59 during midday trading on Friday, reaching $2.37. The stock had a trading volume of 870,388 shares, compared to its average volume of 947,173. The company has a market capitalization of $202.37 million, a price-to-earnings ratio of -0.20 and a beta of 1.79. E.W. Scripps has a 12-month low of $1.96 and a 12-month high of $10.22. The stock has a 50-day moving average of $2.93 and a 200-day moving average of $3.92. 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 research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on E.W. Scripps from $6.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, May 13th. StockNews.com lowered shares of E.W. Scripps from a “hold” rating to a “sell” rating in a report on Friday. Finally, Benchmark reissued a “buy” rating and set a $14.00 target price on shares of E.W. Scripps in a research note on Monday, May 13th.
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.
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