Scripps Networks Interactive Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:SNI)
Scripps Networks Interactive (NYSE:SNI) has earned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $88.17.
In other Scripps Networks Interactive news, major shareholder Cynthia J. Scripps unloaded 200,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $80.76, for a total value of $16,152,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. 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) opened at 80.11 on Monday. 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 $81.62 and a 200-day moving average of $78.56. The company has a market cap of $11.225 billion and a price-to-earnings ratio of 22.70.
Scripps Networks Interactive (NYSE:SNI) last issued its quarterly earnings data 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. On average, analysts predict that Scripps Networks Interactive will post $3.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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 1.00%. 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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