Noble Financial Forecasts Weaker Earnings for E.W. Scripps

The E.W. Scripps Company (NASDAQ:SSP) – Equities research analysts at Noble Financial dropped their FY2025 earnings estimates for E.W. Scripps in a report issued on Monday, March 17th. Noble Financial analyst M. Kupinski now anticipates that the company will earn ($0.37) per share for the year, down from their prior estimate of $0.21. The consensus estimate for E.W. Scripps’ current full-year earnings is $1.07 per share.

Separately, Benchmark increased their price objective on shares of E.W. Scripps from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, March 13th.

E.W. Scripps Stock Performance

Shares of NASDAQ SSP opened at $3.36 on Wednesday. The firm has a fifty day moving average price of $2.00 and a 200-day moving average price of $2.14. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $290.18 million, a PE ratio of -1.08 and a beta of 1.54. E.W. Scripps has a 1 year low of $1.36 and a 1 year high of $4.65.

Institutional Trading of E.W. Scripps

Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of E.W. Scripps in the fourth quarter worth $25,000. Heron Bay Capital Management purchased a new position in E.W. Scripps during the fourth quarter valued at $25,000. Public Employees Retirement System of Ohio purchased a new position in E.W. Scripps during the fourth quarter valued at $29,000. Tower Research Capital LLC TRC grew its stake in E.W. Scripps by 137.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,700 shares of the company’s stock valued at $30,000 after acquiring an additional 7,927 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in E.W. Scripps during the fourth quarter valued at $30,000. 67.81% of the stock is 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.