Noble Financial Boosts Earnings Estimates for E.W. Scripps

Key Points

• Noble Financial has increased its FY2026 earnings estimate for E.W. Scripps from $0.76 to $0.81 per share, despite the consensus estimate being higher at $1.07 per share.
• The stock currently trades at $2.58, with Wells Fargo setting a price target of $3.00 and a mixed rating outlook from other analysts.
• E.W. Scripps reported a quarterly loss of ($0.12) EPS, missing expectations, and had revenues of $540.08 million against forecasts of $544.17 million.

E.W. Scripps Company (The) (NASDAQ:SSP - Free Report) - Analysts at Noble Financial upped their FY2026 earnings per share (EPS) estimates for E.W. Scripps in a research report issued on Monday, August 11th. Noble Financial analyst M. Kupinski now forecasts that the company will earn $0.81 per share for the year, up from their previous estimate of $0.76. The consensus estimate for E.W. Scripps' current full-year earnings is $1.07 per share.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). E.W. Scripps had a return on equity of 17.68% and a net margin of 4.25%. The business had revenue of $540.08 million for the quarter, compared to analysts' expectations of $544.17 million.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company set a $3.00 price objective on E.W. Scripps and gave the stock an "equal weight" rating in a report on Monday, August 11th. Wall Street Zen downgraded E.W. Scripps from a "hold" rating to a "sell" rating in a report on Sunday, August 10th.

E.W. Scripps Trading Down 2.0%

NASDAQ SSP traded down $0.06 during trading hours on Tuesday, hitting $2.92. 819,143 shares of the company's stock were exchanged, compared to its average volume of 815,151. The business's 50 day moving average is $3.11 and its 200-day moving average is $2.52. E.W. Scripps has a 12-month low of $1.36 and a 12-month high of $4.17. The firm has a market capitalization of $256.11 million, a P/E ratio of 6.08 and a beta of 1.01. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.36 and a current ratio of 1.27.

Hedge Funds Weigh In On E.W. Scripps

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of E.W. Scripps by 155.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,926,461 shares of the company's stock valued at $5,702,000 after buying an additional 1,171,102 shares during the period. Marshall Wace LLP grew its stake in E.W. Scripps by 112.5% during the 4th quarter. Marshall Wace LLP now owns 1,055,343 shares of the company's stock valued at $2,332,000 after purchasing an additional 558,818 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in E.W. Scripps during the 4th quarter valued at approximately $1,215,000. CastleKnight Management LP grew its stake in E.W. Scripps by 752.6% during the 4th quarter. CastleKnight Management LP now owns 558,588 shares of the company's stock valued at $1,234,000 after purchasing an additional 493,073 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in E.W. Scripps by 428.7% during the 4th quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company's stock valued at $1,100,000 after purchasing an additional 403,691 shares in the last quarter. 67.81% of the stock is currently owned by hedge funds and other institutional investors.

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.