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

SSP has been the topic of a number of other reports. Zacks Investment Research lowered shares of E. W. Scripps from a strong-buy rating to a hold rating in a research note on Tuesday, September 11th. Stephens set a $15.00 price objective on shares of E. W. Scripps and gave the company a hold rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $18.00.

NYSE:SSP traded down $0.17 during midday trading on Thursday, hitting $16.23. 287,247 shares of the company were exchanged, compared to its average volume of 423,673. E. W. Scripps has a fifty-two week low of $10.69 and a fifty-two week high of $19.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.89 and a quick ratio of 2.89. The firm has a market capitalization of $1.02 billion, a P/E ratio of -41.62, a P/E/G ratio of 3.19 and a beta of 2.03.

E. W. Scripps (NYSE:SSP) last announced its quarterly earnings results on Friday, August 3rd. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The firm had revenue of $283.40 million for the quarter, compared to analyst estimates of $275.68 million. E. W. Scripps had a negative net margin of 3.93% and a positive return on equity of 0.89%. E. W. Scripps’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. On average, sell-side analysts anticipate that E. W. Scripps will post 0.63 EPS for the current year.

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

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

Several large investors have recently modified their holdings of SSP. LMR Partners LLP purchased a new stake in shares of E. W. Scripps in the second quarter valued at about $412,000. Quantbot Technologies LP boosted its holdings in shares of E. W. Scripps by 1,024.7% in the first quarter. Quantbot Technologies LP now owns 34,752 shares of the company’s stock valued at $416,000 after acquiring an additional 31,662 shares in the last quarter. Price Capital Management Inc. purchased a new stake in shares of E. W. Scripps in the second quarter valued at about $488,000. California Public Employees Retirement System boosted its holdings in shares of E. W. Scripps by 7.8% in the first quarter. California Public Employees Retirement System now owns 112,217 shares of the company’s stock valued at $1,345,000 after acquiring an additional 8,117 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of E. W. Scripps by 19.8% in the second quarter. Public Employees Retirement System of Ohio now owns 106,166 shares of the company’s stock valued at $1,422,000 after acquiring an additional 17,580 shares in the last quarter. 77.70% of the stock is currently owned by institutional investors and hedge funds.

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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