Insider Selling: Mark Hale Sells 13,388 Shares of Scripps Networks Interactive Stock (SNI)
Scripps Networks Interactive (NYSE:SNI) EVP Mark Hale sold 13,388 shares of Scripps Networks Interactive stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $77.90, for a total value of $1,042,925.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SNI. 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Scripps Networks Interactive presently has a consensus rating of “Hold” and a consensus price target of $74.19.
Scripps Networks Interactive (NYSE:SNI) traded down 0.15% on Monday, hitting $77.63. 627,291 shares of the company’s stock traded hands. Scripps Networks Interactive has a 1-year low of $55.88 and a 1-year high of $79.13. The stock has a 50-day moving average of $74.81 and a 200-day moving average of $69.37. The company has a market cap of $11.324 billion and a price-to-earnings ratio of 16.93.
Scripps Networks Interactive (NYSE:SNI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts expect that Scripps Networks Interactive will post $3.70 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.