E W Story

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SSP -- USA Stock  

USD 10.99  0.56  4.85%

E W Market Capitalization is very stable at the moment as compared to the past year. E W reported last year Market Capitalization of 1.84 Billion. As of 7th of August 2020, Tangible Asset Value is likely to grow to about 1.1 B, while Earnings before Tax are likely to drop about 120.3 M. In spite of very healthy basic indicators, E W is not utilizing all of its potentials. The current stock price disarray, may contribute to a short-term swings for the insiders. E W Scripps probability of distress is under 48 percent. Will E W insiders continue to buy in September?
Published over a month ago
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Does E W (NASDAQ:SSP) have healthy basic indicators based on the recent roll up?
E W appears to be slightly risky, given 1 month investment horizon. E W Scripps secures Sharpe Ratio (or Efficiency) of 0.0734, which denotes the company had 0.0734% of return per unit of volatility over the last month. Our approach to predicting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for E W Scripps, which you can use to evaluate future volatility of the entity. Please utilize E W Scripps Downside Deviation of 6.33, market risk adjusted performance of 0.2921, and Mean Deviation of 4.89 to check if our risk estimates are consistent with your expectations.
Typically, a company's financial statements are the reports that show the financial position of the company. There are three main documents that fall into the category of financial statements. These documents include E W income statement, its balance sheet, and the statement of cash flows. Potential E W investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although E W investors may use each financial statement separately, they are all related. The changes in E W's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on E W's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages. The goal of E W fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of E W performance into the future periods or doing a reasonable stock valuation. The intrinsic value of E W shares is the value that is considered the true value of the share. If the intrinsic value E W is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares E W. Please read more on our fundamental analysis page.

Are E W Earnings Expected to grow?

The future earnings power of E W involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of E W factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. E W stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of E W expected earnings.

And What about dividends?

A dividend is the distribution of a portion of E W earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. E W dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. E W one year expected dividend income is about $0.12 per share.
As of 21st of September 2020, Dividends per Basic Common Share is likely to grow to 2.91, while Payment of Dividends and Other Cash Distributions is likely to drop (57.8 M).
Last ReportedProjected for 2020
Payment of Dividends and Other Cash Distributions-53.6 M-57.8 M
Dividend Yield 0.15  0.15 
Dividends per Basic Common Share 2.84  2.91 
Investing in dividend-paying stocks, such as E W Scripps is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in E W must own a stock before its ex-dividend date to receive its next dividend. This type of analysis is very useful when you want to generate a past dividend schedule and payout information for E W. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How E W utilizes its cash?

To perform a cash flow analysis of E W, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash E W is receiving and how much cash it distributes out in a given period. The E W cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. E W Net Cash Flow from Operations is very stable at the moment as compared to the past year. E W reported last year Net Cash Flow from Operations of (27.45 Million)

E W Gross Profit

E W Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing E W previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show E W Gross Profit growth over the last 10 years. Please check Gross Profit in more details.

Another Deeper Perspective

Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of E W is not uncomon. There are few distinct groups of E W stakehholders that the SEC considers insiders. Investors usually gain information through their work as corporate directors, officers, or employees. If these individuals share the information with a friend, family, or business partner and the person who receives the information exchanges stock in the company, he or shie is also an insider. Let's take a look at how the ownership of E W is distributed among investors.

Ownership Allocation

E W Scripps retains a total of 69.46 Million outstanding shares. The majority of E W Scripps outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in E W Scripps to benefit from reduced commissions. Hence, institutional investors are subject to a different set of regulations than regular investors in E W. Please pay attention to any change in the institutional holdings of E W Scripps as this could imply that something significant has changed or about to change at the company. Also note that almost four million one hundred sixty-seven thousand six hundred invesors are currently shorting E W expressing very little confidence in its future performance.

Insiders
19.43%
Institutions
86.26%
Retail Investors-5.69
Insiders19.43
Institutions86.26

Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. E W has an asset utilization ratio of 92.81 percent. This suggests that the company is making $0.93 for each dollar of assets. An increasing asset utilization means that E W Scripps is more efficient with each dollar of assets it utilizes for everyday operations.

Assets Non Current
1.8 B
Goodwill
1.2 B
Current Assets477.56 Million13.89
Assets Non Current1.8 Billion52.22
Goodwill1.15 Billion33.56
Tax Assets11.31 Million0.33

E W recent price decline can leaving insiders with little time to react

Recent skewness is at 0.32. As of the 7th of August, E W shows the Market Risk Adjusted Performance of 0.2921, downside deviation of 6.33, and Mean Deviation of 4.89. Compared to fundamental indicators, the technical analysis model provides you with a way to check timely technical drivers of E W, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for E W Scripps, which can be compared to its rivals. Please confirm E W Scripps standard deviation, as well as the relationship between the value at risk and kurtosis to decide if E W Scripps is priced correctly, providing market reflects its regular price of 10.57 per share. Given that E W has jensen alpha of 0.217, we urge you to verify E W Scripps's prevailing market performance to make sure the company can sustain itself sooner or later.

Our Final Take On E W

Although many of the other players in the broadcasting industry are either recovering or due for a correction, E W may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 7th of August 2020, our overall 30 days buy-hold-sell advice on the firm is Strong Sell. However, we believe E W is undervalued with close to average probability of financial unrest for the next two years.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of E W Scripps. Please refer to our Terms of Use for any information regarding our disclosure principles.

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