Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of E.W. Scripps Co. (NASDAQ: SSP) was $3.86 for the day, up 4.32% from the previous closing price of $3.70. In other words, the price has increased by $4.32 from its previous closing price. On the day, 0.53 million shares were traded. SSP stock price reached its highest trading level at $3.925 during the session, while it also had its lowest trading level at $3.73.
Ratios:
Our analysis of SSP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.28. For the most recent quarter (mrq), Quick Ratio is recorded 1.41 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 2.64 whereas as Long-Term Debt/Eq ratio is at 2.61.
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.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 13 ’24 when Scagliotti R. Michael bought 2,300 shares for $4.16 per share. The transaction valued at 9,568 led to the insider holds 41,747 shares of the business.
Barmonde Charles L. bought 10,500 shares of SSP for $44,970 on Feb 29 ’24. The Director now owns 642,401 shares after completing the transaction at $4.28 per share. On Feb 28 ’24, another insider, Scripps John Patrick, who serves as the 10% Owner of the company, bought 2,100 shares for $4.50 each. As a result, the insider paid 9,460 and bolstered with 3,236 shares of the company.
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 315380512 and an Enterprise Value of 3756382976. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 1.638 whereas that against EBITDA is 9.499.
Stock Price History:
The Beta on a monthly basis for SSP is 1.92, which has changed by -0.52227724 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, SSP has reached a high of $11.02, while it has fallen to a 52-week low of $2.93. The 50-Day Moving Average of the stock is -3.51%, while the 200-Day Moving Average is calculated to be -41.40%.
Shares Statistics:
SSP traded an average of 1.13M shares per day over the past three months and 901810 shares per day over the past ten days. A total of 72.84M shares are outstanding, with a floating share count of 60.77M. Insiders hold about 28.19% of the company’s shares, while institutions hold 68.60% stake in the company. Shares short for SSP as of 1713139200 were 3908261 with a Short Ratio of 3.47, compared to 1710460800 on 4680276. Therefore, it implies a Short% of Shares Outstanding of 3908261 and a Short% of Float of 9.36.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.44.
Earnings Estimates
The current rating of E.W. Scripps Co. (SSP) reflects the combined expertise of 1.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.17 and a low estimate of -$0.17, while EPS last year was -$0.37. The consensus estimate for the next quarter is $0.18, with high estimates of $0.18 and low estimates of $0.18.
Analysts are recommending an EPS of between $3.18 and $0.68 for the fiscal current year, implying an average EPS of $1.74. EPS for the following year is $0.01, with 2.0 analysts recommending between $0.27 and -$0.25.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $567.8M to a low estimate of $565.5M. As of the current estimate, E.W. Scripps Co.’s year-ago sales were $527.78MFor the next quarter, 3 analysts are estimating revenue of $585.93M. There is a high estimate of $600M for the next quarter, whereas the lowest estimate is $572.4M.
A total of 5 analysts have provided revenue estimates for SSP’s current fiscal year. The highest revenue estimate was $2.58B, while the lowest revenue estimate was $2.48B, resulting in an average revenue estimate of $2.52B. In the same quarter a year ago, actual revenue was $2.29BBased on 4 analysts’ estimates, the company’s revenue will be $2.36B in the next fiscal year. The high estimate is $2.46B and the low estimate is $2.28B.
