Noble Financial Raises Earnings Estimates for E.W. Scripps

The E.W. Scripps Company (NASDAQ:SSP - Free Report) - Investment analysts at Noble Financial lifted their Q2 2025 earnings estimates for E.W. Scripps in a report released on Monday, May 12th. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of ($0.04) for the quarter, up from their previous forecast of ($0.07). The consensus estimate for E.W. Scripps' current full-year earnings is $1.07 per share. Noble Financial also issued estimates for E.W. Scripps' Q3 2025 earnings at ($0.12) EPS and FY2025 earnings at $0.12 EPS.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.05. E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 9.40%. The company had revenue of $524.39 million during the quarter, compared to analysts' expectations of $520.04 million.

Separately, Benchmark raised their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, March 13th.

E.W. Scripps Trading Down 0.9%

Shares of SSP traded down $0.02 during midday trading on Wednesday, hitting $2.33. The stock had a trading volume of 640,413 shares, compared to its average volume of 907,168. E.W. Scripps has a fifty-two week low of $1.36 and a fifty-two week high of $4.06. The business has a 50-day simple moving average of $2.49 and a two-hundred day simple moving average of $2.21. The firm has a market cap of $202.01 million, a P/E ratio of -0.75 and a beta of 1.01. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41.

Institutional Trading of E.W. Scripps

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of E.W. Scripps by 111.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,931 shares of the company's stock worth $26,000 after purchasing an additional 4,715 shares during the period. Two Sigma Securities LLC boosted its holdings in shares of E.W. Scripps by 32.9% during the fourth quarter. Two Sigma Securities LLC now owns 23,489 shares of the company's stock worth $52,000 after purchasing an additional 5,811 shares during the period. ProShare Advisors LLC raised its position in E.W. Scripps by 50.8% during the fourth quarter. ProShare Advisors LLC now owns 17,268 shares of the company's stock valued at $38,000 after acquiring an additional 5,819 shares in the last quarter. Victory Capital Management Inc. raised its position in E.W. Scripps by 3.3% during the fourth quarter. Victory Capital Management Inc. now owns 211,740 shares of the company's stock valued at $468,000 after acquiring an additional 6,840 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in E.W. Scripps by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 36,592 shares of the company's stock valued at $81,000 after acquiring an additional 7,418 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors and hedge funds.

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.