E.W. Scripps Company (The) (NYSE:SSP) – Jefferies Group lowered their Q3 2017 earnings per share (EPS) estimates for shares of E.W. Scripps Company (The) in a research note issued on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of ($0.06) for the quarter, down from their previous forecast of ($0.03). Jefferies Group currently has a “Hold” rating and a $20.00 target price on the stock.

E.W. Scripps Company (The) (NYSE:SSP) last posted its earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. E.W. Scripps Company (The) had a net margin of 6.05% and a return on equity of 5.90%. The company had revenue of $231.82 million for the quarter, compared to analyst estimates of $232.04 million. During the same quarter in the prior year, the business posted $0.14 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “Jefferies Group Analysts Decrease Earnings Estimates for E.W. Scripps Company (The) (SSP)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/10/24/jefferies-group-analysts-decrease-earnings-estimates-for-e-w-scripps-company-the-ssp.html.

Other research analysts have also recently issued reports about the stock. Guggenheim assumed coverage on shares of E.W. Scripps Company (The) in a research report on Wednesday, October 18th. They set a “neutral” rating and a $19.00 price target for the company. Zacks Investment Research cut shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Noble Financial reissued a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. BidaskClub raised shares of E.W. Scripps Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Benchmark Co. reissued a “buy” rating and set a $26.00 price target on shares of E.W. Scripps Company (The) in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. E.W. Scripps Company (The) presently has an average rating of “Hold” and an average target price of $21.25.

Shares of E.W. Scripps Company (NYSE:SSP) opened at 17.38 on Monday. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 25.37 and a beta of 2.02. The company has a 50 day moving average of $18.10 and a 200-day moving average of $18.74.

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in E.W. Scripps Company (The) by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 5,765 shares of the company’s stock worth $102,000 after buying an additional 26 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in E.W. Scripps Company (The) by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 11,125 shares of the company’s stock worth $198,000 after buying an additional 4,925 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in E.W. Scripps Company (The) in the second quarter worth about $214,000. Piedmont Investment Advisors LLC purchased a new position in E.W. Scripps Company (The) in the second quarter worth about $217,000. Finally, Fox Run Management L.L.C. purchased a new position in E.W. Scripps Company (The) in the third quarter worth about $264,000. 74.99% of the stock is owned by institutional investors and hedge funds.

E.W. Scripps Company (The) Company Profile

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.

Earnings History and Estimates for E.W. Scripps Company (The) (NYSE:SSP)

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