Scripps Networks Interactive Rating Increased to Buy at Argus (SNI)
Scripps Networks Interactive (NYSE:SNI) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, ARN reports. The firm currently has a $100.00 target price on the stock. Argus’ target price suggests a potential upside of 26.95% from the company’s current price.
SNI has been the subject of a number of other recent research reports. Analysts at Guggenheim raised their price target on shares of Scripps Networks Interactive to $83.00 in a research note on Tuesday. Separately, analysts at Wunderlich raised their price target on shares of Scripps Networks Interactive from $81.00 to $86.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $83.06.
Shares of Scripps Networks Interactive (NYSE:SNI) opened at 78.77 on Wednesday. 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 $77.24 and its 200-day moving average is $77.1. The company has a market cap of $11.564 billion and a price-to-earnings ratio of 23.22.
Scripps Networks Interactive (NYSE:SNI) last issued its quarterly earnings data 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 $4.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, February 26th. This is a positive change 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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