In the last trading session, 0.24 million E.W. Scripps Co (NASDAQ:SSP) shares changed hands as the company’s beta touched 1.53. With the company’s per share price at $1.88 changed hands at $0.01 or 0.53% during last session, the market valuation stood at $162.36M. SSP’s last price was a discount, traded about -397.34% off its 52-week high of $9.35. The share price had its 52-week low at $1.68, which suggests the last value was 10.64% up since then. When we look at E.W. Scripps Co’s average trading volume, we note the 10-day average is 0.6 million shares, with the 3-month average coming to 752.56K.
Analysts gave the E.W. Scripps Co (SSP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SSP as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. E.W. Scripps Co’s EPS for the current quarter is expected to be 0.96.
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E.W. Scripps Co (NASDAQ:SSP) trade information
Instantly SSP was in green as seen at the end of in last trading. With action -7.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -76.47%, with the 5-day performance at -7.39% in the red. However, in the 30-day time frame, E.W. Scripps Co (NASDAQ:SSP) is -10.48% down. Looking at the short shares, we see there were 3.09 million shares sold at short interest cover period of 3.07 days.
E.W. Scripps Co (SSP) estimates and forecasts
Data shows that the E.W. Scripps Co share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.97% over the past 6 months, a 109.04% in annual growth rate that is considerably higher than the industry average of 19.10%. Year-over-year growth is forecast to reach 9.27% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 723.84M. 3 analysts are of the opinion that E.W. Scripps Co’s revenue for the current quarter will be 529.87M. The company’s revenue for the corresponding quarters a year ago was 615.77M and 561.46M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.55%. The estimates for the next quarter sales put growth at -5.63%.
The 2024 estimates are for E.W. Scripps Co earnings to increase by 443.51%, but the outlook for the next 5-year period is at 10.00% per year.
SSP Dividends
E.W. Scripps Co is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 9.44 per year.
E.W. Scripps Co (NASDAQ:SSP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.42% of E.W. Scripps Co shares while 78.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 95.13%. There are 78.56% institutions holding the E.W. Scripps Co stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.7608% of the shares, roughly 4.89 million SSP shares worth $15.36 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.2173% or 4.43 million shares worth $13.91 million as of 2024-06-30.
