The price of E.W. Scripps Co. (NASDAQ: SSP) closed at $3.72 in the last session, down -6.53% from day before closing price of $3.98. In other words, the price has decreased by -$0.2600 from its previous closing price. On the day, 1700417 shares were traded.
Ratios:
We take a closer look at SSP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.06. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 315.52M and an Enterprise Value of 3.73B. 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 0.43. Its current Enterprise Value per Revenue stands at 1.62 whereas that against EBITDA is -6.22.
Stock Price History:
Over the past 52 weeks, SSP has reached a high of $11.02, while it has fallen to a 52-week low of $3.71. The 50-Day Moving Average of the stock is 6.3212, while the 200-Day Moving Average is calculated to be 7.3168.
Shares Statistics:
According to the various share statistics, SSP traded on average about 597.53K shares per day over the past 3-months and 1.12M shares per day over the past 10 days. A total of 72.84M shares are outstanding, with a floating share count of 60.43M. Insiders hold about 28.59% of the company’s shares, while institutions hold 68.38% stake in the company. Shares short for SSP as of Feb 29, 2024 were 3.31M with a Short Ratio of 5.53, compared to 2.28M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.90% and a Short% of Float of 7.89%.
Dividends & Splits
The 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 Dec 24, 2020 with an ex-dividend date of Dec 14, 2020. Stock splits for the company last occurred on Apr 01, 2015 when the company split stock in a 1127:1000 ratio.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. 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 $1.35 and $0.68 for the fiscal current year, implying an average EPS of $1.01. EPS for the following year is $0.01, with 2 analysts recommending between $0.27 and -$0.25.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $566.43M. 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 $527.78M, an estimated increase of 7.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $585.93M, an increase of 0.50% less than the figure of $7.30% in the same quarter last year. There is a high estimate of $600M for the next quarter, whereas the lowest estimate is $572.4M.
A total of 4 analysts have provided revenue estimates for SSP’s current fiscal year. The highest revenue estimate was $2.52B, while the lowest revenue estimate was $2.48B, resulting in an average revenue estimate of $2.5B. In the same quarter a year ago, actual revenue was $2.29B, up 9.10% from the average estimate. Based 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. The average revenue growth estimate for next year is down -5.50% from the average revenue estimate for this year.
