Scripps Networks Interactive Director Sells $79,730 in Stock (SNI)
Scripps Networks Interactive (NYSE:SNI) Director Jeffrey Sagansky sold 1,000 shares of Scripps Networks Interactive stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.73, for a total value of $79,730.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Scripps Networks Interactive (NYSE:SNI) traded up 0.64% during mid-day trading on Friday, hitting $80.12. 707,000 shares of the company’s stock traded hands. Scripps Networks Interactive has a one year low of $71.33 and a one year high of $86.62. The stock’s 50-day moving average is $81.67 and its 200-day moving average is $78.07. The company has a market cap of $11.227 billion and a price-to-earnings ratio of 22.45.
Scripps Networks Interactive (NYSE:SNI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.13 by $0.01. The company had revenue of $708.00 million for the quarter, compared to the consensus estimate of $710.23 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Scripps Networks Interactive will post $3.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 27th.
SNI has been the subject of a number of recent research reports. Analysts at Evercore Partners raised their price target on shares of Scripps Networks Interactive from $80.00 to $89.00 in a research note on Wednesday, July 30th. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Scripps Networks Interactive in a research note on Wednesday, July 9th. They now have a $82.00 price target on the stock, up previously from $78.00. Finally, analysts at Jefferies Group initiated coverage on shares of Scripps Networks Interactive in a research note on Thursday, June 26th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus target price of $88.17.
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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