The E.W. Scripps Company (NASDAQ:SSP) Relative Strength Index (RSI) is 46.35, with weekly volatility at 4.33% and ATR at 0.88. The SSP stock’s 52-week price range has touched low of $7.86 and a $24.78 high. Intraday shares traded counted 0.5 million, which was -1.45% lower than its 30-day average trading volume of 495.10K. Its shares traded lower over the last trading session, losing -3.25% on 06/03/21. The shares fell to a low of $20.2501 before closing at $20.81. SSP’s previous close was $21.51 while the outstanding shares total 81.90M. The firm has a beta of 2.13, a 12-month trailing P/E ratio of 11.52, and a growth ratio of 1.15.
Investors have identified the Broadcasting company The E.W. Scripps Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.78 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The E.W. Scripps Company (SSP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SSP, the company has in raw cash 538.18 million on their books with 18.61 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.07 billion total, with 431.81 million as their total liabilities.
SSP were able to record 45.95 million as free cash flow during the 07/30/2021 quarter of the year, this saw their quarterly net cash flow reduce by -1.09 billion. In cash movements, the company had a total of 50.09 million as operating cash flow.
Potential earnings growth for The E.W. Scripps Company (SSP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/30/2021 quarter of the year, The E.W. Scripps Company recorded a total of 540.92 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 23.42% coming in sequential stages and their sales for the 07/30/2021 quarter reducing by -9.28%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 264.39 million trying to sell their products during the last quarter, with the result yielding a gross income of 276.53 million. This allows shareholders to hold on to 81.90M with the recently reported earning now reading -0.07 cents per share. This is a figure that compared to analyst’s prediction for their 07/30/2021 (0.26 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.09 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SSP sounds very interesting.
Is the stock of SSP attractive?
In related news, 10% Owner, Scripps William H. sold 34,145 shares of the company’s stock in a transaction that recorded on May 27. The sale was performed at an average price of 21.58, for a total value of 736,849. As the sale deal closes, the 10% Owner, Scripps William H. now sold 40,855 shares of the company’s stock, valued at 875,523. Also, Director, BOEHNE RICHARD A sold 100,000 shares of the company’s stock in a deal that was recorded on Mar 12. The shares were price at an average price of 24.30 per share, with a total market value of 2,430,420. Following this completion of acquisition, the SVP, Fin. Strat.& Special Proj, Lyons Douglas F now holds 14,602 shares of the company’s stock, valued at 326,810. In the last 6 months, insiders have changed their ownership in shares of company stock by 12.70%.
4 out of 7 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on The E.W. Scripps Company. 0 analysts has assigned a Sell rating on the SSP stock. The 12-month mean consensus price target for the company’s shares has been set at $25.00.