Brokers Issue Forecasts for E.W. Scripps FY2025 Earnings

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

Separately, Benchmark upped 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 note on Thursday, March 13th.

E.W. Scripps Trading Down 10.1 %

SSP stock opened at $3.02 on Wednesday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. The company’s 50-day simple moving average is $2.01 and its 200 day simple moving average is $2.15. E.W. Scripps has a 52 week low of $1.36 and a 52 week high of $4.65. The company has a market capitalization of $260.82 million, a PE ratio of -0.97 and a beta of 1.54.

Institutional Trading of E.W. Scripps

Institutional investors and hedge funds have recently made changes to their positions in the company. Wittenberg Investment Management Inc. boosted its position in shares of E.W. Scripps by 52.5% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,646,239 shares of the company’s stock worth $3,696,000 after acquiring an additional 566,717 shares in the last quarter. Marshall Wace LLP boosted its position in shares of E.W. Scripps by 112.5% during the 4th quarter. Marshall Wace LLP now owns 1,055,343 shares of the company’s stock worth $2,332,000 after acquiring an additional 558,818 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of E.W. Scripps during the 4th quarter worth approximately $1,215,000. CastleKnight Management LP boosted its position in shares of E.W. Scripps by 752.6% during the 4th quarter. CastleKnight Management LP now owns 558,588 shares of the company’s stock worth $1,234,000 after acquiring an additional 493,073 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of E.W. Scripps by 428.7% during the 4th quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company’s stock worth $1,100,000 after acquiring an additional 403,691 shares in the last quarter. Institutional investors own 67.81% 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 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.