Today, the SVP, Controller & Treasurer of EW Scripps (NASDAQ: SSP), Douglas Lyons, bought shares of SSP for $89.88K.
Following this transaction Douglas Lyons’ holding in the company was increased by 23.44% to a total of $435.6K. Following Douglas Lyons’ last SSP Buy transaction on March 12, 2018, the stock climbed by 3.0%.
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Based on EW Scripps’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $283 million and quarterly net profit of $5.57 million. In comparison, last year the company earned revenue of $216 million and had a GAAP net loss of $26.68 million. Currently, EW Scripps has an average volume of 177K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $18.33, reflecting a 11.8% upside. Starting in August 2018, SSP received 5 Buy ratings in a row.
The insider sentiment on EW Scripps has been positive according to 85 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
