Noble Financial Forecasts Higher Earnings for E.W. Scripps

The E.W. Scripps Company (NASDAQ:SSP) – Noble Financial increased their FY2025 earnings per share estimates for shares of E.W. Scripps in a note issued to investors on Tuesday, November 5th. Noble Financial analyst M. Kupinski now anticipates that the company will earn $0.21 per share for the year, up from their prior estimate of $0.15.

E.W. Scripps (NASDAQ:SSP) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.19). E.W. Scripps had a positive return on equity of 2.94% and a negative net margin of 11.06%. The company had revenue of $646.30 million for the quarter, compared to analysts’ expectations of $634.01 million. During the same quarter in the previous year, the company earned ($0.15) earnings per share.

Several other analysts also recently issued reports on SSP. Benchmark lowered their price target on E.W. Scripps from $11.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com upgraded E.W. Scripps from a “sell” rating to a “hold” rating in a report on Tuesday.

E.W. Scripps Stock Performance

Shares of NASDAQ:SSP opened at $2.35 on Wednesday. The firm has a market capitalization of $202.38 million, a PE ratio of -0.64 and a beta of 1.66. E.W. Scripps has a 12 month low of $1.68 and a 12 month high of $9.35. The company has a debt-to-equity ratio of 3.79, a current ratio of 1.50 and a quick ratio of 1.50. The business has a 50-day moving average of $2.31 and a two-hundred day moving average of $2.75.

Institutional Investors Weigh In On E.W. Scripps

Several institutional investors have recently bought and sold shares of SSP. Sei Investments Co. acquired a new position in shares of E.W. Scripps in the 2nd quarter worth $38,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of E.W. Scripps in the second quarter worth about $39,000. Virtu Financial LLC purchased a new position in shares of E.W. Scripps in the first quarter worth approximately $50,000. CWM LLC lifted its position in shares of E.W. Scripps by 4,620.6% in the 2nd quarter. CWM LLC now owns 14,209 shares of the company’s stock valued at $45,000 after acquiring an additional 13,908 shares in the last quarter. Finally, Optas LLC acquired a new position in E.W. Scripps in the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 67.81% of the company’s stock.

E.W. Scripps Company Profile

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.