Scripps Networks Interactive Director David Galloway Sells 3,303 Shares (SNI)
Scripps Networks Interactive (NYSE:SNI) Director David Galloway sold 3,303 shares of Scripps Networks Interactive stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $76.77, for a total transaction of $253,571.31. The transaction was disclosed in a filing with the SEC, which is available at this link.
SNI has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Scripps Networks Interactive (NYSE:SNI) in a research note to investors on Thursday, September 12th. They now have a $78.00 price target on the stock. Separately, analysts at ISI Group initiated coverage on shares of Scripps Networks Interactive (NYSE:SNI) in a research note to investors on Tuesday, September 10th. They set a “neutral” rating and a $79.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Scripps Networks Interactive (NYSE:SNI) from $77.00 to $81.00 in a research note to investors on Friday, August 23rd. They now have a “hold” rating on the stock.
One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $74.19.
Scripps Networks Interactive (NYSE:SNI) traded up 1.89% on Wednesday, hitting $78.18. The stock had a trading volume of 1,004,220 shares. Scripps Networks Interactive has a one year low of $55.88 and a one year high of $76.80. The stock’s 50-day moving average is $74.2 and its 200-day moving average is $69.15. The company has a market cap of $11.405 billion and a P/E ratio of 16.71.
Scripps Networks Interactive (NYSE:SNI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.03. The company had revenue of $665.13 million for the quarter, compared to the consensus estimate of $656.28 million. During the same quarter last year, the company posted $0.93 earnings per share. Scripps Networks Interactive’s revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Scripps Networks Interactive will post $3.70 earnings per share for the current fiscal year.
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands.
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