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After finishing at $2.91 in the prior trading day, E.W. Scripps Co (NASDAQ: SSP) closed at $3.14, up 7.90%. In other words, the price has increased by $7.90 from its previous closing price. On the day, 0.84 million shares were traded. SSP stock price reached its highest trading level at $3.2 during the session, while it also had its lowest trading level at $2.85.
Ratios:
Our goal is to gain a better understanding of SSP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 2.13 whereas as Long-Term Debt/Eq ratio is at 2.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on November 09, 2022, Downgraded its rating to Equal Weight and sets its target price to $11 from $20 previously.
The Benchmark Company reiterated its Buy rating for the stock on November 11, 2019, while the target price for the stock was revised from $25 to $24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SSP now has a Market Capitalization of 277365952 and an Enterprise Value of 3415910912. As of this moment, E.W.’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.46, and their Forward P/E ratio for the next fiscal year is 4.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 1.4 whereas that against EBITDA is 6.174.
Stock Price History:
The Beta on a monthly basis for SSP is 1.06, which has changed by 0.45370376 over the last 52 weeks, in comparison to a change of 0.13054323 over the same period for the S&P500. Over the past 52 weeks, SSP has reached a high of $4.17, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is 0.66%, while the 200-Day Moving Average is calculated to be 29.13%.
Shares Statistics:
The stock has traded on average 863.58K shares per day over the past 3-months and 1154470 shares per day over the last 10 days, according to various share statistics. A total of 76.40M shares are outstanding, with a floating share count of 70.74M. Insiders hold about 19.91% of the company’s shares, while institutions hold 60.15% stake in the company. Shares short for SSP as of 1753920000 were 1869736 with a Short Ratio of 2.17, compared to 1751241600 on 2036949. Therefore, it implies a Short% of Shares Outstanding of 1869736 and a Short% of Float of 4.71.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 9.44. The current Payout Ratio is 0.00% for SSP, which recently paid a dividend on 2020-12-14 with an ex-dividend date of 2020-12-14. Stock splits for the company last occurred on 2015-04-01 when the company split stock in a 1127:1000 ratio.
Earnings Estimates
The stock of E.W. Scripps Co (SSP) is currently in the spotlight, with 5.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.14 and low estimates of -$0.24.
Analysts are recommending an EPS of between -$0.5 and -$1.53 for the fiscal current year, implying an average EPS of -$1.14. EPS for the following year is $0.93, with 4.0 analysts recommending between $2.22 and $0.25.
Revenue Estimates
5 analysts predict $523.58M in revenue for the current quarter. It ranges from a high estimate of $528.5M to a low estimate of $517.2M. As of the current estimate, E.W. Scripps Co’s year-ago sales were $646.3MFor the next quarter, 5 analysts are estimating revenue of $568.5M. There is a high estimate of $575M for the next quarter, whereas the lowest estimate is $555.9M.
A total of 5 analysts have provided revenue estimates for SSP’s current fiscal year. The highest revenue estimate was $2.17B, while the lowest revenue estimate was $2.14B, resulting in an average revenue estimate of $2.16B. In the same quarter a year ago, actual revenue was $2.51BBased on 5 analysts’ estimates, the company’s revenue will be $2.37B in the next fiscal year. The high estimate is $2.42B and the low estimate is $2.31B.
