E.W. Scripps (NASDAQ:SSP) Announces Earnings Results

E.W. Scripps (NASDAQ:SSP) posted its quarterly earnings results on Tuesday. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02), Zacks reports. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%.

E.W. Scripps Price Performance

E.W. Scripps stock traded up $0.02 during midday trading on Tuesday, reaching $1.43. 1,267,486 shares of the stock traded hands, compared to its average volume of 828,023. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. E.W. Scripps has a 12 month low of $1.37 and a 12 month high of $4.65. The stock’s fifty day moving average is $1.99 and its 200-day moving average is $2.12. The stock has a market cap of $123.50 million, a P/E ratio of -0.46 and a beta of 1.54.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of E.W. Scripps from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

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.