E.W. Scripps Company (The) (SSP) Receiving Somewhat Positive News Coverage, Report Finds
Media coverage about E.W. Scripps Company (The) (NYSE:SSP) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. E.W. Scripps Company (The) earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.5797477303353 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- BRIEF-Scripps announces change in CFO role (reuters.com)
- E.W. Scripps wraps $301M Katz deal, appoints new CFO (fiercecable.com)
- Extra: EW Scripps, Katz deal finalized; Cantutan joins Kanal D Int’l (realscreen.com)
- The E.W. Scripps Co. breached its 50 day moving average in a Bullish Manner : SSP-US : September 28, 2017 (finance.yahoo.com)
- Scripps closes Katz acquisition (finance.yahoo.com)
E.W. Scripps Company (SSP) traded up 0.21% during midday trading on Thursday, hitting $19.13. 177,411 shares of the stock traded hands. The firm has a market cap of $1.57 billion, a PE ratio of 27.93 and a beta of 2.02. E.W. Scripps Company has a 52-week low of $12.16 and a 52-week high of $24.15. The stock has a 50-day moving average of $18.13 and a 200 day moving average of $19.22.
E.W. Scripps Company (The) (NYSE:SSP) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $231.82 million during the quarter, compared to analysts’ expectations of $232.04 million. E.W. Scripps Company (The) had a return on equity of 5.90% and a net margin of 6.05%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. Equities analysts forecast that E.W. Scripps Company will post $0.14 EPS for the current year.
Several research firms have recently issued reports on SSP. Jefferies Group LLC restated a “hold” rating and issued a $20.00 target price on shares of E.W. Scripps Company (The) in a report on Wednesday, August 16th. Benchmark Co. restated a “buy” rating and issued a $26.00 target price on shares of E.W. Scripps Company (The) in a report on Thursday, July 13th. Noble Financial restated a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday, August 2nd. BidaskClub upgraded shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $22.00.
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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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