In the last trading session, 1.19 million shares of the E.W. Scripps Co (NASDAQ:SSP) were traded, and its beta was 1.02. Most recently the company’s share price was $2.88, and it changed around $0.28 or 10.77% from the last close, which brings the market valuation of the company to $252.61M. SSP currently trades at a discount to its 52-week high of $4.06, offering almost -40.97% off that amount. The share price’s 52-week low was $1.36, which indicates that the current value has risen by an impressive 52.78% since then. We note from E.W. Scripps Co’s average daily trading volume that its 10-day average is 0.95 million shares, with the 3-month average coming to 1.04 million.
E.W. Scripps Co stock received a consensus recommendation rating of Buy, based on a mean score of 2.60. If we narrow it down even further, the data shows that 1 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended SSP as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. E.W. Scripps Co is expected to report earnings per share of 0 for the current quarter.
E.W. Scripps Co (NASDAQ:SSP) trade information
Instantly SSP has showed a green trend with a performance of 10.77% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.96 on recent trading dayincreased the stock’s daily price by 2.7%. The company’s shares are currently up 30.32% year-to-date, but still up 15.20% over the last five days. On the other hand, E.W. Scripps Co (NASDAQ:SSP) is 22.55% up in the 30-day period. We can see from the shorts that 1.93 million shares have been sold at a short interest cover period of 2.45 day(s).
E.W. Scripps Co (SSP) estimates and forecasts
The year-over-year growth rate is expected to be -13.35%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 544.17M in revenue for the current quarter. 5 analysts expect E.W. Scripps Co to make 532.36M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 573.63M and 646.3M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.14%. Forecasts for the next quarter put sales growth at -17.63%.
SSP Dividends
E.W. Scripps Co’s next quarterly earnings report is expected to be released on 2025-May-07. The average dividend yield for the past five years averaged 9.44 per year.
E.W. Scripps Co (NASDAQ:SSP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.97% of E.W. Scripps Co shares, and 73.13% of them are in the hands of institutional investors. The stock currently has a share float of 89.14%. E.W. Scripps Co stock is held by 191.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.7082% of the shares, which is about 4.89 million shares worth $15.36 million.
VANGUARD GROUP INC, with 5.1697% or 4.43 million shares worth $13.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
