E.W. Scripps Co. (NASDAQ:SSP)’s traded shares stood at 0.69 million during the latest session, with the company’s beta value hitting 1.94. At the last check today, the stock’s price was $4.06, to imply an increase of 2.53% or $0.1 in intraday trading. The SSP share’s 52-week high remains $11.02, putting it -171.43% down since that peak but still an impressive 16.5% since price per share fell to its 52-week low of $3.39. The company has a valuation of $343.56M, with an average of 1.03 million shares in intraday trading volume over the past 10 days and average of 682.29K shares over the past 3 months.
E.W. Scripps Co. (NASDAQ:SSP) trade information
After registering a 2.53% upside in the latest session, E.W. Scripps Co. (SSP) has traded red over the past five days. The stock hit a weekly high of 4.14, jumping 2.53% in its intraday price action. The 5-day price performance for the stock is 5.18%, and 2.14% over 30 days. With these gigs, the year-to-date price performance is -49.19%. Short interest in E.W. Scripps Co. (NASDAQ:SSP) saw shorts transact 4.68 million shares and set a 4.42 days time to cover.
E.W. Scripps Co. (SSP) estimates and forecasts
Looking at statistics comparing E.W. Scripps Co. share performance against respective industry, we note that the company has outperformed competitors. E.W. Scripps Co. (SSP) shares are -26.45% down over the last 6 months, with its year-to-date growth rate higher than industry average at 106.25% against 25.30%. Revenue is forecast to grow 54.10% this quarter before jumping 102.20% for the next one. The rating firms project that company’s revenue will grow 9.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $566.43 million. Meanwhile, for the quarter ending Jun 2024, a total of 3 analyst(s) estimate revenue growth to $585.93 million.Earnings reports from the last fiscal year show that sales brought in $527.78 million and $582.84 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 7.30% before jumping 0.50% in the following quarter.
SSP Dividends
E.W. Scripps Co. has its next earnings report out between May 03 and May 07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. E.W. Scripps Co. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
E.W. Scripps Co. (NASDAQ:SSP)’s Major holders
E.W. Scripps Co. insiders hold 17.26% of total outstanding shares, with institutional holders owning 79.73% of the shares at 96.36% float percentage. In total, 79.73% institutions holds shares in the company, led by Blackrock Inc. As of Dec 30, 2023, the company held over 10.65 million shares (or 15.50% of shares), all amounting to roughly $42.81 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 7.9 million shares, or about 11.49% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $31.75 million.
We also have Victory Portfolios-Sycamore Small Company Opportunity Fund and iShares Core S&P Smallcap ETF as the top two Mutual Funds with the largest holdings of the E.W. Scripps Co. (SSP) shares. Going by data provided on Dec 30, 2023, Victory Portfolios-Sycamore Small Company Opportunity Fund holds roughly 4.2 million shares. This is just over 6.11% of the total shares, with a market valuation of $16.88 million. Data from the same date shows that the other fund manager holds a little less at 4.0 million, or 5.83% of the shares, all valued at about 16.1 million.
