During the last session, E.W. Scripps Co (NASDAQ:SSP)’s traded shares were 0.4 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $2.05, reflecting an intraday loss of -6.39% or -$0.14. The 52-week high for the SSP share is $9.35, that puts it down -356.1 from that peak though still a striking 18.05% gain since the share price plummeted to a 52-week low of $1.68. The company’s market capitalization is $177.04M, and the average intraday trading volume over the past 10 days was 0.51 million shares, and the average trade volume was 778.93K shares over the past three months.
E.W. Scripps Co (SSP) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.60. SSP has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.96.
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E.W. Scripps Co (NASDAQ:SSP) trade information
E.W. Scripps Co (SSP) registered a -6.39% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.39% in intraday trading to $2.05, hitting a weekly high. The stock’s 5-day price performance is -9.29%, and it has moved by 9.04% in 30 days. Based on these gigs, the overall price performance for the year is -73.75%. The short interest in E.W. Scripps Co (NASDAQ:SSP) is 3.09 million shares and it means that shorts have 3.07 day(s) to cover.
E.W. Scripps Co (SSP) estimates and forecasts
Statistics show that E.W. Scripps Co has outperformed its competitors in share price, compared to the industry in which it operates. E.W. Scripps Co (SSP) shares have gone up 0.99% during the last six months, with a year-to-date growth rate more than the industry average at 109.04% against 18.60. In the rating firms’ projections, revenue will increase 9.27% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 723.84M as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 529.87M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 615.77M and 561.46M respectively. In this case, analysts expect current quarter sales to grow by 17.55% and then drop by -5.63% in the coming quarter.
While earnings are projected to return 443.51% in 2024, the next five years will return 10.00% per annum.
SSP Dividends
E.W. Scripps Co is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 9.44%.
E.W. Scripps Co (NASDAQ:SSP)’s Major holders
E.W. Scripps Co insiders own 17.42% of total outstanding shares while institutional holders control 78.35%, with the float percentage being 94.88%. BLACKROCK INC. is the largest shareholder of the company, while 195.0 institutions own stock in it. As of 2024-06-30, the company held over 4.89 million shares (or 5.7608% of all shares), a total value of $15.36 million in shares.
The next largest institutional holding, with 4.43 million shares, is of VANGUARD GROUP INC’s that is approximately 5.2173% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.91 million.
