Q1 EPS Estimates for E.W. Scripps Boosted by Noble Financial

The E.W. Scripps Company (NASDAQ:SSP) – Stock analysts at Noble Financial boosted their Q1 2025 earnings per share (EPS) estimates for shares of E.W. Scripps in a note issued to investors on Monday, April 7th. Noble Financial analyst M. Kupinski now forecasts that the company will earn ($0.23) per share for the quarter, up from their previous forecast of ($0.45). 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’ Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.08) EPS and FY2025 earnings at $0.07 EPS.

Separately, Benchmark lifted their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, March 13th.

E.W. Scripps Stock Up 8.6 %

Shares of SSP opened at $2.39 on Wednesday. The company’s 50-day moving average price is $2.21 and its 200 day moving average price is $2.25. E.W. Scripps has a 12-month low of $1.36 and a 12-month high of $4.65. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41. The firm has a market cap of $207.22 million, a P/E ratio of -0.77 and a beta of 0.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of E.W. Scripps by 1,643.5% in the 3rd quarter. Barclays PLC now owns 418,588 shares of the company’s stock valued at $941,000 after buying an additional 394,580 shares during the period. Foster & Motley Inc. purchased a new stake in E.W. Scripps during the fourth quarter worth about $75,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of E.W. Scripps in the fourth quarter valued at approximately $320,000. Wittenberg Investment Management Inc. boosted its stake in shares of E.W. Scripps by 8.4% in the fourth quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company’s stock valued at $3,943,000 after purchasing an additional 137,900 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of E.W. Scripps by 55.1% in the fourth quarter. Bank of New York Mellon Corp now owns 299,016 shares of the company’s stock valued at $661,000 after purchasing an additional 106,220 shares in the last quarter. 67.81% of the stock is currently 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.