Media coverage about E. W. Scripps (NYSE:SSP) has trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. E. W. Scripps earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.9126539409454 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
SSP traded up $0.27 during trading hours on Friday, reaching $15.16. The company’s stock had a trading volume of 250,904 shares, compared to its average volume of 419,300. E. W. Scripps has a fifty-two week low of $10.69 and a fifty-two week high of $19.26. The stock has a market capitalization of $1.02 billion, a PE ratio of -38.87, a P/E/G ratio of 3.19 and a beta of 2.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.89 and a current ratio of 2.89.
E. W. Scripps (NYSE:SSP) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. E. W. Scripps had a positive return on equity of 0.89% and a negative net margin of 3.93%. The firm had revenue of $283.40 million for the quarter, compared to analysts’ expectations of $275.68 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. equities research analysts forecast that E. W. Scripps will post 0.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Friday, September 14th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 13th. E. W. Scripps’s dividend payout ratio is presently -51.28%.
Several research analysts have recently weighed in on SSP shares. Noble Financial restated a “buy” rating and set a $19.00 target price on shares of E. W. Scripps in a report on Wednesday, August 1st. Stephens set a $15.00 target price on E. W. Scripps and gave the stock a “hold” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded E. W. Scripps from a “sell” rating to a “hold” rating in a report on Saturday, May 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.80.
E. W. Scripps Company Profile
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.
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