Scripps Networks Interactive Receives Consensus Rating of “Hold” from Brokerages (NYSE:SNI)
Scripps Networks Interactive (NYSE:SNI) has been given an average recommendation of “Hold” by the sixteen analysts that are currently covering the company, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $88.17.
In other Scripps Networks Interactive news, Director Jeffrey Sagansky unloaded 1,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.73, for a total value of $79,730.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SNI shares. 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.
Shares of Scripps Networks Interactive (NYSE:SNI) traded down 0.55% on Monday, hitting $81.01. 120,287 shares of the company’s stock traded hands. Scripps Networks Interactive has a 52-week low of $71.33 and a 52-week high of $86.62. The stock has a 50-day moving average of $81.67 and a 200-day moving average of $78.37. The company has a market cap of $11.351 billion and a P/E ratio of 22.97.
Scripps Networks Interactive (NYSE:SNI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Scripps Networks Interactive will post $3.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, August 27th.
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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