Scripps Networks Interactive Given “Hold” Rating at Zacks (SNI)
Scripps Networks Interactive (NYSE:SNI)‘s stock had its “hold” rating reiterated by Zacks in a report released on Tuesday, Stock Ratings Network reports. They currently have a $78.00 target price on the stock. Zacks‘ price target suggests a potential downside of 3.15% from the company’s current price.
Scripps Networks Interactive (NYSE:SNI) traded up 1.77% during mid-day trading on Tuesday, hitting $80.54. 599,234 shares of the company’s stock traded hands. Scripps Networks Interactive has a one year low of $55.88 and a one year high of $76.43. The stock has a 50-day moving average of $73.95 and a 200-day moving average of $68.87. The company has a market cap of $11.749 billion and a P/E ratio of 17.23.
Scripps Networks Interactive (NYSE:SNI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Scripps Networks Interactive from $79.00 to $85.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Hanson initiated coverage on shares of Scripps Networks Interactive in a research note to investors on Monday, October 14th. They set a “neutral” rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of Scripps Networks Interactive in a research note to investors on Tuesday, September 10th. They set a “neutral” rating and a $79.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $74.87.
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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