E.W. Scripps Company (The) (SSP) Given News Impact Score of 0.16
News articles about E.W. Scripps Company (The) (NYSE:SSP) have trended somewhat positive recently, according to Alpha One. Alpha One, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. E.W. Scripps Company (The) earned a coverage optimism score of 0.16 on Alpha One’s scale. Alpha One also gave press coverage about the company an impact score of 54 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the immediate future.
E.W. Scripps Company (NYSE SSP) traded up 1.04% during trading on Friday, reaching $18.52. 824,837 shares of the company’s stock traded hands. The company has a market cap of $1.53 billion, a PE ratio of 25.90 and a beta of 1.99. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15. The company has a 50 day moving average price of $18.34 and a 200-day moving average price of $20.18.
E.W. Scripps Company (The) (NYSE:SSP) last posted its quarterly earnings results on Friday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. The firm had revenue of $211 million for the quarter, compared to analysts’ expectations of $211.50 million. E.W. Scripps Company (The) had a net margin of 6.40% and a return on equity of 6.45%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts forecast that E.W. Scripps Company will post $0.15 EPS for the current fiscal year.
Several equities analysts recently issued reports on SSP shares. Zacks Investment Research lowered shares of E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Benchmark Co. lifted their price objective on shares of E.W. Scripps Company (The) from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, March 27th. Finally, Jefferies Group LLC raised shares of E.W. Scripps Company (The) to a “hold” rating and set a $20.00 price objective on the stock in a report on Monday, June 5th.
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In related news, Chairman Richard A. Boehne sold 150,000 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $22.08, for a total value of $3,312,000.00. Following the sale, the chairman now directly owns 148,621 shares of the company’s stock, valued at $3,281,551.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.16% of the company’s stock.
About E.W. Scripps Company (The)
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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