During the last session, E.W. Scripps Co (NASDAQ:SSP)’s traded shares were 1.61 million, with the beta value of the company hitting 0.97. At the end of the trading day, the stock’s price was $3.30, reflecting an intraday gain of 1.85% or $0.06. The 52-week high for the SSP share is $4.65, that puts it down -40.91 from that peak though still a striking 58.79% gain since the share price plummeted to a 52-week low of $1.36. The company’s market capitalization is $288.89M, and the average intraday trading volume over the past 10 days was 1.94 million shares, and the average trade volume was 1.18 million 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.
E.W. Scripps Co (NASDAQ:SSP) trade information
E.W. Scripps Co (SSP) registered a 1.85% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.85% in intraday trading to $3.30, hitting a weekly high. The stock’s 5-day price performance is 9.27%, and it has moved by 91.86% in 30 days. Based on these gigs, the overall price performance for the year is -13.39%. The short interest in E.W. Scripps Co (NASDAQ:SSP) is 2.64 million shares and it means that shorts have 1.38 day(s) to cover.
E.W. Scripps Co (SSP) estimates and forecasts
In the rating firms’ projections, revenue will decrease -13.60% 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 520.04M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 542.51M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 561.46M and 573.63M respectively. In this case, analysts expect current quarter sales to shrink by -7.38% and then drop by -5.42% in the coming quarter.
While earnings are projected to return -187.16% in 2025.
SSP Dividends
E.W. Scripps Co is due to release its next quarterly earnings on 2025-Mar-10. 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 17.52% of total outstanding shares while institutional holders control 72.76%, with the float percentage being 88.22%. BLACKROCK INC. is the largest shareholder of the company, while 192.0 institutions own stock in it. As of 2024-06-30, the company held over 4.89 million shares (or 5.7082% 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.
Also, the Mutual Funds coming in first place with the largest holdings of E.W. Scripps Co (SSP) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 2.2 shares. This amounts to just over 3.20 percent of the company’s overall shares, with a $7.27 million market value. The same data shows that the other fund manager holds slightly less at 1.65, or about 2.40% of the stock, which is worth about $5.44 million.
