Noble Financial reissued their buy rating on shares of E. W. Scripps (NYSE:SSP) in a report published on Thursday, September 13th.

SSP has been the subject of a number of other reports. Zacks Investment Research lowered shares of E. W. Scripps from a hold rating to a sell rating in a research note on Thursday, June 7th. Stephens set a $15.00 price target on shares of E. W. Scripps and gave the stock a hold rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $18.00.

NYSE SSP traded down $0.17 on Thursday, reaching $16.23. The company’s stock had a trading volume of 287,247 shares, compared to its average volume of 423,673. E. W. Scripps has a twelve month low of $10.69 and a twelve month high of $19.20. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -41.62, a PEG ratio of 3.19 and a beta of 2.03.

E. W. Scripps (NYSE:SSP) last issued its quarterly earnings results on Friday, August 3rd. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. E. W. Scripps had a negative net margin of 3.93% and a positive return on equity of 0.89%. The company had revenue of $283.40 million during the quarter, compared to the consensus estimate of $275.68 million. During the same period in the prior year, the company earned $0.10 EPS. E. W. Scripps’s revenue was up 22.3% on a year-over-year basis. As a group, research analysts predict that E. W. Scripps will post 0.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 25th. Stockholders of record on Friday, September 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, September 13th. E. W. Scripps’s dividend payout ratio (DPR) is -51.28%.

In other news, major shareholder Mary Peirce acquired 8,795 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were purchased at an average price of $16.33 per share, for a total transaction of $143,622.35. Following the completion of the acquisition, the insider now owns 290,912 shares of the company’s stock, valued at approximately $4,750,592.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Eaton M. Scripps acquired 17,590 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was purchased at an average price of $16.59 per share, for a total transaction of $291,818.10. Following the acquisition, the insider now directly owns 669,842 shares of the company’s stock, valued at approximately $11,112,678.78. The disclosure for this purchase can be found here. Insiders purchased 87,618 shares of company stock worth $1,441,285 in the last 90 days. 4.16% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. grew its holdings in E. W. Scripps by 12.1% during the first quarter. Eagle Asset Management Inc. now owns 350,530 shares of the company’s stock valued at $4,202,000 after purchasing an additional 37,815 shares during the last quarter. New York State Common Retirement Fund grew its holdings in E. W. Scripps by 14.8% during the first quarter. New York State Common Retirement Fund now owns 323,388 shares of the company’s stock valued at $3,877,000 after purchasing an additional 41,675 shares during the last quarter. California Public Employees Retirement System grew its holdings in E. W. Scripps by 7.8% during the first quarter. California Public Employees Retirement System now owns 112,217 shares of the company’s stock valued at $1,345,000 after purchasing an additional 8,117 shares during the last quarter. Quantbot Technologies LP grew its holdings in E. W. Scripps by 1,024.7% during the first quarter. Quantbot Technologies LP now owns 34,752 shares of the company’s stock valued at $416,000 after purchasing an additional 31,662 shares during the last quarter. Finally, Cove Street Capital LLC grew its holdings in E. W. Scripps by 17.9% during the first quarter. Cove Street Capital LLC now owns 3,698,719 shares of the company’s stock valued at $44,347,000 after purchasing an additional 561,729 shares during the last quarter. Hedge funds and other institutional investors own 77.70% 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 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.

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