E.W. Scripps (NASDAQ:SSP) Issues Quarterly Earnings Results, Misses Estimates By $0.19 EPS

E.W. Scripps (NASDAQ:SSP) announced its earnings results on Monday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.19), Zacks reports. The business had revenue of $646.30 million for the quarter, compared to analyst estimates of $634.01 million. E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 8.27%. During the same period in the prior year, the company earned ($0.15) earnings per share.

E.W. Scripps Price Performance

SSP stock traded down $0.01 on Thursday, reaching $2.34. The company had a trading volume of 288,862 shares, compared to its average volume of 890,624. E.W. Scripps has a 1 year low of $1.68 and a 1 year high of $9.35. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.50 and a current ratio of 1.34. The company’s fifty day moving average is $2.31 and its 200 day moving average is $2.75. The company has a market cap of $201.52 million, a P/E ratio of -0.79 and a beta of 1.66.

Analyst Ratings Changes

A number of brokerages recently commented on SSP. StockNews.com upgraded E.W. Scripps from a “sell” rating to a “hold” rating in a research report on Tuesday. Benchmark reduced their price target on E.W. Scripps from $11.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday.

About E.W. Scripps

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media, Scripps Networks, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, sports, and entertainment content, as well as its related digital operations; runs network, syndicated, and original programming, and local sporting events; and provides core and political advertising services.