E. W. Scripps Co (SSP) reported quarterly earnings results on Friday, May-6-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.00. The company posted revenue of $209.00 million in the period, compared to analysts expectations of $207.17 million. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on E. W. Scripps Co. E. W. Scripps Co was Downgraded by Wells Fargo to ” Market Perform” on Feb 29, 2016. Shares were Reiterated by Noble Financial on Feb 29, 2016 to “Buy” and Lowered the Price Target to $ 25 from a previous price target of $29 .
E. W. Scripps Co closed down -0.48 points or -3.17% at $14.66 with 8,90,377 shares getting traded on Wednesday. Post opening the session at $15.08, the shares hit an intraday low of $14.52 and an intraday high of $15.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 11, 2016, Lisa A Knutson (Senior VP/Chief Admin. Officer) sold 25,544 shares at $17.70 per share price. According to the SEC, on Jan 14, 2016, Richard A Boehne (President & CEO) sold 83,120 shares at $17.63 per share price. On Aug 12, 2015, Timothy M Wesolowski (SVP, CFO and Treasurer) sold 15,800 shares at $19.87 per share price, according to the Form-4 filing with the securities and exchange commission.
The E.W. Scripps Company serves audiences and businesses through a portfolio of television radio and digital media brands. The Company is a television (TV) station owners with approximately 33 television stations in 24 markets and a reach of nearly one in five United States households. It also owns approximately 34 radio stations in eight markets. The Company also runs an expanding collection of local and national digital journalism and information businesses including Midroll Media over-the-top video news service Newsy and weather app developer WeatherSphere. The Company also produces television shows including The List and The Now.