E.W. Scripps Company (The) Comm (NYSE:SSP):
Scripps to report third-quarter 2016 operating results on Nov. 4.
The company is up by 0.68 percent from yesterday’s close.
Company shares last traded at $13.29 slightly below the 50 day moving average of $15.24 and a tad below the 200 day moving average of $16.13. The 50 day moving average was down $-1.95 whereas the 200 day moving average was down $-2.84 or -17.59%.
As of the latest earnings report the EPS was $-0.35 and is projected to be $1.09 for the current year with 83,536,000 shares currently outstanding. Next quarter’s EPS is expected be $0.60 and the next full year EPS is anticipated to be $0.34.
Investment analysts have issued ratings on SSP. On February 29, 2016 the stock rating was rated “Market Perform” in a report from Wells Fargo down from the previous “Outperform” rating. On November 18, 2015 Stephens & Co. added the stock to its research portfolio by announcing an initial rating of “Equal-weight” and price target of $22.00.
August 10 investment analysts at Jefferies held the company rating at “Hold” but lowered the price expectation to $23.00 from $25.00. Equity analyst Jefferies began coverage of the stock with an initial rating of “Hold” and establishing a price target of $25.00.
On June 22 analysts at Evercore ISI started coverage giving it an initial rating of “Hold” and setting a price target of $25.00. On June 15 Benchmark held the stock rating at “Buy” but moved up the price target from $25.00 to $28.00.