Somewhat Negative Press Coverage Somewhat Likely to Impact E. W. Scripps (SSP) Share Price
News headlines about E. W. Scripps (NYSE:SSP) have been trending somewhat negative recently, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. E. W. Scripps earned a coverage optimism score of -0.11 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 58 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have effected AlphaOne’s rankings:
- Now Hear This podcast festival announces headliners, move to New York City for second annual event (finance.yahoo.com)
- The E.W. Scripps Co. :SSP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 16, 2017 (finance.yahoo.com)
- Brokerages Anticipate E. W. Scripps Co (SSP) Will Announce Earnings of $0.04 Per Share (americanbankingnews.com)
- E. W. Scripps Co (SSP) Upgraded by Zacks Investment Research to Hold (americanbankingnews.com)
SSP has been the subject of a number of analyst reports. Benchmark Co. lifted their target price on shares of E. W. Scripps from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, March 27th. Zacks Investment Research raised shares of E. W. Scripps from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. Finally, Jefferies Group LLC lifted their target price on shares of E. W. Scripps from $16.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, February 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.50.
E. W. Scripps (NYSE:SSP) opened at 17.34 on Friday. E. W. Scripps has a one year low of $12.16 and a one year high of $24.15. The stock has a 50 day moving average of $21.39 and a 200 day moving average of $19.82. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 24.25 and a beta of 1.83.
E. W. Scripps (NYSE:SSP) last announced its earnings results on Friday, May 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. E. W. Scripps had a net margin of 0.84% and a return on equity of 4.00%. The business had revenue of $211 million during the quarter, compared to the consensus estimate of $211.50 million. During the same quarter last year, the firm earned $0.06 earnings per share. E. W. Scripps’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts predict that E. W. Scripps will post $0.17 EPS for the current fiscal year.
In related news, Chairman Richard A. Boehne sold 150,000 shares of E. W. Scripps stock in a transaction on Monday, April 17th. The shares were sold at an average price of $22.08, for a total transaction of $3,312,000.00. Following the completion of the transaction, the chairman now owns 148,621 shares of the company’s stock, valued at $3,281,551.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert A. Carson sold 10,000 shares of E. W. Scripps stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $23.23, for a total transaction of $232,300.00. Following the transaction, the vice president now directly owns 43,977 shares of the company’s stock, valued at approximately $1,021,585.71. The disclosure for this sale can be found here. Insiders have sold 541,524 shares of company stock valued at $12,242,491 in the last three months. 3.86% of the stock is owned by insiders.
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About E. W. Scripps
The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.
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