Scripps Networks Interactive PT Raised to $86.00 (SNI)
Equities research analysts at Wunderlich raised their target price on shares of Scripps Networks Interactive (NYSE:SNI) from $81.00 to $86.00 in a research note issued to investors on Tuesday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Wunderlich’s target price would indicate a potential upside of 8.93% from the stock’s previous close.
A number of other firms have also recently commented on SNI. Analysts at Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 22nd. They noted that the move was a valuation call. Separately, analysts at Nomura initiated coverage on shares of Scripps Networks Interactive in a research note on Wednesday, January 15th. They set a “neutral” rating and a $85.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Scripps Networks Interactive in a research note on Friday, December 20th. They now have a $88.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $81.86.
Shares of Scripps Networks Interactive (NYSE:SNI) opened at 78.95 on Tuesday. Scripps Networks Interactive has a 52-week low of $60.88 and a 52-week high of $86.62. The stock’s 50-day moving average is $77.68 and its 200-day moving average is $76.95. The company has a market cap of $11.591 billion and a price-to-earnings ratio of 22.78.
Scripps Networks Interactive (NYSE:SNI) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.24. The company had revenue of $654.00 million for the quarter, compared to the consensus estimate of $655.62 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Scripps Networks Interactive will post $4.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Friday, February 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Scripps Networks Interactive’s previous quarterly dividend of $0.15.
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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