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Noble Financial Sticks to Their Buy Rating for EW Scripps

Noble (NYSE:NE) Financial analyst Michael Kupinski reiterated a Buy rating on EW Scripps (NASDAQ:SSP) on Monday, setting a price target of $12, which is approximately 38.25% above the present share price of $8.68.

Kupinski expects EW Scripps to post earnings per share (EPS) of $0.13 for the second quarter of 2020.

The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in EW Scripps, with an average price target of $20.
The analysts price targets range from a high of $20 to a low of $20.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $444.4 million and a net profit of $45.48 million. The company's market cap is $705.91 million.

According to TipRanks.com, Noble Financial analyst Michael Kupinski is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.1% and a 32.2% success rate.

The E.W. Scripps Co. engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Others. The Local Media segment is comprised of its local broadcast television stations and their related digital operations. The National Media segment is comprised of the operations of its national media businesses including over-the-air broadcast networks, Katz, its podcast business, Midroll, next generation national news network, Newsy, and other national brands. The company was founded by Edward Willis Scripps in 1878 and is headquartered in Cincinnati, OH.