E.W. Scripps Co (NASDAQ:SSP) has a beta value of 1.66 and has seen 4.26 million shares traded in the last trading session. The company, currently valued at $205.10M, closed the last trade at $2.27 per share which meant it lost -$1.25 on the day or -35.51% during that session. The SSP stock price is -311.89% off its 52-week high price of $9.35 and 25.99% above the 52-week low of $1.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.47 million shares traded. The 3-month trading volume is 654.07K shares.
The consensus among analysts is that E.W. Scripps Co (SSP) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.56.
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E.W. Scripps Co (NASDAQ:SSP) trade information
Sporting -35.51% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SSP stock price touched $2.27 or saw a rise of 44.09%. Year-to-date, E.W. Scripps Co shares have moved -71.59%, while the 5-day performance has seen it change -16.54%. Over the past 30 days, the shares of E.W. Scripps Co (NASDAQ:SSP) have changed -12.02%. Short interest in the company has seen 2.97 million shares shorted with days to cover at 3.78.
E.W. Scripps Co (SSP) estimates and forecasts
The company’s shares have lost -48.93% over the past 6 months, compared to 0.00% for the industry. Revenue growth from the last financial year stood is estimated to be 8.20%.
3 analysts offering their estimates for the company have set an average revenue estimate of 624.67M for the current quarter. 3 have an estimated revenue figure of 714.83M for the next ending quarter. Year-ago sales stood 566.53M and 615.77M respectively for this quarter and the next, and analysts expect sales will grow by 10.30% for the current quarter and 8.20% for the next.
Earnings growth for 2024 is a modest 497.57% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.
SSP Dividends
E.W. Scripps Co is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
E.W. Scripps Co (NASDAQ:SSP)’s Major holders
Insiders own 17.45% of the company shares, while shares held by institutions stand at 79.08% with a share float percentage of 95.80%. Investors are also buoyed by the number of investors in a company, with E.W. Scripps Co having a total of 205.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 4.89 million shares worth more than $15.36 million. As of 2024-06-30, BLACKROCK INC. held 5.7608% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 4.43 million shares as of 2024-06-30. The firm’s total holdings are worth over $13.91 million and represent 5.2173% of shares outstanding.
