Should I buy or sell E.W. Scripps stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for E.W. Scripps in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SSP shares. View SSP analyst ratings or view top-rated stocks .

What is E.W. Scripps' stock price target for 2024?

2 equities research analysts have issued 12 month target prices for E.W. Scripps' stock. Their SSP share price targets range from $10.00 to $17.00. On average, they predict the company's stock price to reach $13.50 in the next year. This suggests a possible upside of 85.4% from the stock's current price. View analysts price targets for SSP or view top-rated stocks among Wall Street analysts .

How have SSP shares performed in 2023?

E.W. Scripps' stock was trading at $13.19 at the beginning of 2023. Since then, SSP stock has decreased by 44.8% and is now trading at $7.28. View the best growth stocks for 2023 here .

When is E.W. Scripps' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024. View our SSP earnings forecast .

How were E.W. Scripps' earnings last quarter?

The E.W. Scripps Company (NASDAQ:SSP) issued its quarterly earnings data on Friday, November, 3rd. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The company earned $566.53 million during the quarter, compared to the consensus estimate of $567 million. E.W. Scripps had a positive trailing twelve-month return on equity of 6.56% and a negative net margin of 25.72%.

Is E.W. Scripps a good dividend stock?

E.W. Scripps (NASDAQ:SSP) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.00%. Read our dividend analysis for SSP .

What ETFs hold E.W. Scripps' stock?

ETFs with the largest weight of E.W. Scripps (NASDAQ:SSP) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) and Roundhill Acquirers Deep Value ETF (DEEP) . Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) .

Who are E.W. Scripps' major shareholders?

E.W. Scripps' stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (8.17%), Cove Street Capital LLC (3.47%), Kennedy Capital Management LLC (1.85%), Gabelli Funds LLC (1.34%), Charles Schwab Investment Management Inc. (1.17%) and New York State Common Retirement Fund (1.01%). Insiders that own company stock include Adam Symson , Daniel Perschke , Douglas F Lyons , Elaina Shekhter, Elizabeth Scripps, Jason Combs, Jimmy R Scripps, John Patrick Scripps, Kate O'brian, Laura Tomlin, Lisa A Knutson, Margaret Scripps Klenzing, Rebecca A Riegelsberger, Richard A Boehne, William Appleton and William H Scripps . View institutional ownership trends .

How do I buy shares of E.W. Scripps?

Shares of SSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

E.W. Scripps Stock Price, News & Analysis (NASDAQ:SSP)

$7.28

-0.59 (-7.50%)

(As of 12/5/2023 ET)

Compare

Today's Range: $7.21
▼
$7.78
50-Day Range: $5.00
▼
$7.87
52-Week Range: $4.85
▼
$16.13

Volume: 262,784 shs
Average Volume: 351,235 shs
Market Capitalization: $616.03 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.50

E.W. Scripps MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 85.4% Upside
$13.50 Price Target
Short Interest: Healthy
5.21% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.66
Upright™ Environmental Score
News Sentiment: 0.63
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$4,891 Bought Last Quarter
Proj. Earnings Growth: 2,411.11%
From $0.09 to $2.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Consumer Discretionary Sector

39th out of 255 stocks

Television Broadcasting Stations Industry

5th out of 11 stocks

3.3

Analyst's Opinion

Consensus Rating
E.W. Scripps has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.50, E.W. Scripps has a forecasted upside of 85.4% from its current price of $7.28.
Amount of Analyst Coverage
E.W. Scripps has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.21% of the float of E.W. Scripps has been sold short.
Short Interest Ratio / Days to Cover
E.W. Scripps has a short interest ratio ("days to cover") of 6.4.
Change versus previous month
Short interest in E.W. Scripps has recently decreased by 14.21%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
E.W. Scripps does not currently pay a dividend.
Dividend Growth
E.W. Scripps does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, E.W. Scripps will have a dividend payout ratio of 8.85% next year. This indicates that E.W. Scripps will be able to sustain or increase its dividend.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
E.W. Scripps has received a 31.31% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "Broadcasting of television news programs for majority groups following principles of journalistic ethics", "News platforms", and "Streaming of news videos for language majority groups following principles of journalistic ethics" products. See details.
Environmental Sustainability
The Environmental Impact score for E.W. Scripps is -0.66.

2.0

News and Social Media Coverage

News Sentiment
E.W. Scripps has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for E.W. Scripps this week, compared to 2 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, E.W. Scripps insiders have bought more of their company's stock than they have sold. Specifically, they have bought $4,891.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.62% of the stock of E.W. Scripps is held by insiders.
Percentage Held by Institutions
66.30% of the stock of E.W. Scripps is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for E.W. Scripps are expected to grow by 2,411.11% in the coming year, from $0.09 to $2.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of E.W. Scripps is -0.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of E.W. Scripps is -0.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
E.W. Scripps has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About E.W. Scripps Stock (NASDAQ:SSP)

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations. This segment also runs network, syndicated, and original programming. The company's Scripps Network segment operates national television networks. This segment operates through over-the-air broadcast, cable/satellite, connected TV, and digital distribution. The company also provides content and services through digital platforms, including the Internet, smartphones, and tablets. In addition, it offers Scripps News, a national news network, which provides politics, entertainment, science, and technology news; and Scripps National Spelling Bee, which serve as the steward of educational programs. Further, the company provides ION, a national network of broadcast stations and broadcast television spectrum, which distributes programming through Federal Communications Commission-licensed television stations, as well as affiliated TV stations through over-the-air broadcast and pay TV platforms; and consumers DVR product solutions to watch and record free over-the-air HDTV on connected devices. It serves audiences and businesses. The E.W. Scripps Company was founded in 1878 and is headquartered in Cincinnati, Ohio.

SSP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SSP Stock News Headlines

December 5, 2023 | lse.co.uk

TOP NEWS: SSP celebrates post-Covid travel recovery as profit soars

December 5, 2023 | finance.yahoo.com

E.W. Scripps (NASDAQ:SSP) shareholders have endured a 51% loss from investing in the stock five years ago

December 6, 2023 | Financial Alphas (Ad)

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November 28, 2023 | bizjournals.com

Bally Sports indicates it plans to drop Cincinnati Reds, other sports TV broadcasts after next season

November 20, 2023 | finance.yahoo.com

Scripps to present on business strategies at three upcoming investor conferences

November 15, 2023 | msn.com

Byron Allen looking at Scripps stations, seeks funding - report

November 8, 2023 | seekingalpha.com

E.W. Scripps: Business And Balance Sheet Challenges Set To Persist

November 7, 2023 | bizjournals.com

Scripps stock soared 18% in one day last week thanks to earnings and sports

December 6, 2023 | Financial Alphas (Ad)

Countries Are Investing Heavily Into Securing Energy Independence

November 4, 2023 | finance.yahoo.com

The E.W. Scripps Company (NASDAQ:SSP) Q3 2023 Earnings Call Transcript

November 3, 2023 | finanznachrichten.de

The E.W. Scripps Company: Scripps reports Q3 2023 financial results

November 3, 2023 | finance.yahoo.com

The E W Scripps Co (SSP) Reports Q3 2023 Financial Results

November 3, 2023 | finance.yahoo.com

Scripps reports Q3 2023 financial results

November 2, 2023 | msn.com

E.W. Scripps Q3 2023 Earnings Preview

October 30, 2023 | yahoo.com

Adam Symson, Scripps President and CEO, Named ‘B+C’ Broadcaster of the Year

October 26, 2023 | finance.yahoo.com

Scripps to present on business strategies at Stephens Conference on Nov. 14, 2023

October 22, 2023 | finance.yahoo.com

Scripps Howard Fund announces winners of 70th Scripps Howard Awards

October 20, 2023 | finance.yahoo.com

Scripps to report third-quarter 2023 operating results on Nov. 3

October 12, 2023 | finance.yahoo.com

Court TV to debut new original series 'Victim to Verdict with Ted Rowlands' on Oct. 15

October 11, 2023 | finance.yahoo.com

Scripps Howard Fund raises record-breaking $1.2 million for annual childhood literacy campaign

October 11, 2023 | finance.yahoo.com

Scripps completes cable/satellite carriage agreements covering 75% of its pay TV households

October 10, 2023 | finance.yahoo.com

The E.W. Scripps Company (SSP) Declined on Concerns about the General Economy and Ad Market

October 6, 2023 | msn.com

Here's where to find Scripps News documentaries and investigations

October 5, 2023 | msn.com

Arizona Coyotes local games move to broadcast networks – the latest big shift in sports TV

October 5, 2023 | bizjournals.com

Arizona Coyotes change broadcast partners due to Bally Sports Arizona bankruptcy

October 4, 2023 | tmcnet.com

World's Largest Digital Reading Platform Epic Announced as Official Reading Partner to the Scripps National Spelling Bee

September 28, 2023 | finance.yahoo.com

Scripps News wins first national News Emmy Award

See More Headlines

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Company Calendar

Last Earnings: 11/03/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Television broadcasting stations
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:SSP
CUSIP: N/A
CIK: 832428
Web: www.scripps.com
Phone: (513) 977-3000
Fax: 513-977-3024
Employees: 5,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $13.50
High Stock Price Target: $17.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +85.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($7.82)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 80.89
P/E Growth: N/A
Net Income: $195.90 million
Net Margins: -25.72%
Pretax Margin: -24.89%
Return on Equity: 6.56%
Return on Assets: 1.47%

Debt

Debt-to-Equity Ratio: 2.90
Current Ratio: 1.54
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: $2.36 billion
Price / Sales: 0.26
Cash Flow: $4.16 per share
Price / Cash Flow: 1.75
Book Value: $20.56 per share
Price / Book: 0.35

Miscellaneous

Outstanding Shares: 84,620,000
Free Float: 81,557,000
Market Cap: $616.03 million
Optionable: Optionable
Beta: 2.03

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Key Executives

Mr. Adam P. Symson (Age 48)
President, CEO & Director
Comp: $2.23M
Mr. Jason Combs (Age 46)
Executive VP & CFO
Comp: $860.2k
Ms. Lisa Ann Knutson (Age 57)
Chief Operating Officer
Comp: $1.06M
Mr. William Appleton (Age 74)
Chief Legal Officer
Comp: $873.75k
Mr. Brian G. Lawlor (Age 56)
President of Scripps Sports
Comp: $1.14M
Ms. Laura M. Tomlin (Age 47)
Executive VP & Chief Administrative Officer
Comp: $1.07M
Ms. Carolyn Pione Micheli (Age 53)
Executive VP, Chief Communications & Investor Relations Officer
Mr. Mark L. Koors (Age 59)
Senior Vice President of Audit & Compliance
Ms. Keisha Taylor Starr
Executive VP & Chief Marketing Officer
Ms. Candace Anderson (Age 50)
Senior VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SSP Stock Analysis - Frequently Asked Questions

Should I buy or sell E.W. Scripps stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for E.W. Scripps in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SSP shares.
View SSP analyst ratings or view top-rated stocks.
What is E.W. Scripps' stock price target for 2024?: 2 equities research analysts have issued 12 month target prices for E.W. Scripps' stock. Their SSP share price targets range from $10.00 to $17.00. On average, they predict the company's stock price to reach $13.50 in the next year. This suggests a possible upside of 85.4% from the stock's current price.
View analysts price targets for SSP or view top-rated stocks among Wall Street analysts.
How have SSP shares performed in 2023?: E.W. Scripps' stock was trading at $13.19 at the beginning of 2023. Since then, SSP stock has decreased by 44.8% and is now trading at $7.28.
View the best growth stocks for 2023 here.
When is E.W. Scripps' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our SSP earnings forecast.
How were E.W. Scripps' earnings last quarter?: The E.W. Scripps Company (NASDAQ:SSP) issued its quarterly earnings data on Friday, November, 3rd. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The company earned $566.53 million during the quarter, compared to the consensus estimate of $567 million. E.W. Scripps had a positive trailing twelve-month return on equity of 6.56% and a negative net margin of 25.72%.

Is E.W. Scripps a good dividend stock?: E.W. Scripps (NASDAQ:SSP) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for SSP.
What ETFs hold E.W. Scripps' stock?: ETFs with the largest weight of E.W. Scripps (NASDAQ:SSP) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) and Roundhill Acquirers Deep Value ETF (DEEP).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).
Who are E.W. Scripps' major shareholders?: E.W. Scripps' stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (8.17%), Cove Street Capital LLC (3.47%), Kennedy Capital Management LLC (1.85%), Gabelli Funds LLC (1.34%), Charles Schwab Investment Management Inc. (1.17%) and New York State Common Retirement Fund (1.01%). Insiders that own company stock include Adam Symson, Daniel Perschke, Douglas F Lyons, Elaina Shekhter, Elizabeth Scripps, Jason Combs, Jimmy R Scripps, John Patrick Scripps, Kate O'brian, Laura Tomlin, Lisa A Knutson, Margaret Scripps Klenzing, Rebecca A Riegelsberger, Richard A Boehne, William Appleton and William H Scripps.
View institutional ownership trends.
How do I buy shares of E.W. Scripps?: Shares of SSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SSP) was last updated on 12/6/2023 by MarketBeat.com Staff

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