Notable Stock News to Watch: The E.W. Scripps Company (NYSE:SSP)

The E.W. Scripps Company (NYSE:SSP) spotted trading -66.18% off 52-week high price. On the other end, the stock has been noted 46.83% away from the low price over the last 52-weeks. The stock changed 4.52% to recent value of $7.87. The stock transacted 308167 shares during most recent day however it has an average volume of 428.10K shares. The company has 95.91M of outstanding shares and 54.75M shares were floated in the market.

On April 9, 2020, The E.W. Scripps Company (NYSE:SSP) released a multi-year agreement under which Nielsen will provide a comprehensive suite of measurement services for the Scripps local television stations,  including those recently acquired from Raycom, Cordillera and Tribune. This agreement includes Nielsen’s Local TV Measurement, Nielsen Scarborough, NLTV, Ad Intel, Arianna and Nielsen Grabix.

As local measurement becomes increasingly complex, we are pleased to include Nielsen data in the comprehensive suite of tools we deploy across all of our markets, said Brian Lawlor, President of Local Media at Scripps. With Nielsen as our partner, we are confident Scripps will continue to provide the highest level of service and expertise to our viewers, our advertising partners and the communities we serve.

Scripps is one of the most innovative broadcasters in the industry and is a leader in providing advertisers access to viewers across traditional and digital platforms, said Catherine Herkovic, Managing Director and EVP, Nielsen Local. We are thrilled to continue our longstanding relationship with Scripps and to collaborate on how to best monetize its key audiences using our unique suite of solutions.

Its earnings per share (EPS) expected to touch remained -133.40% for this year while earning per share for the next 5-years is expected to reach at 10.00%. SSP has a gross margin of 68.30% and an operating margin of 4.60% while its profit margin remained -1.30% for the last 12 months.

According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.40% from the mean of 20 days, -25.66% from mean of 50 days SMA and performed -40.82% from mean of 200 days price. Company’s performance for the week was 20.89%, -14.08% for month and YTD performance remained -49.90%.

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