Equities research analysts forecast that Scripps Networks Interactive, Inc (NASDAQ:SNI) will report earnings of $1.62 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Scripps Networks Interactive’s earnings. The lowest EPS estimate is $1.50 and the highest is $1.78. Scripps Networks Interactive reported earnings of $1.58 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, August 9th.

On average, analysts expect that Scripps Networks Interactive will report full-year earnings of $5.48 per share for the current year, with EPS estimates ranging from $5.32 to $5.65. For the next year, analysts expect that the business will post earnings of $5.58 per share, with EPS estimates ranging from $5.22 to $5.95. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Scripps Networks Interactive.

Several equities analysts recently weighed in on SNI shares. Jefferies Group LLC reissued a “hold” rating and set a $76.00 price objective on shares of Scripps Networks Interactive in a research report on Friday, April 28th. Gabelli reaffirmed a “buy” rating on shares of Scripps Networks Interactive in a report on Thursday, July 27th. Zacks Investment Research raised Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and upped their price target for the company from $66.00 to $90.00 in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co raised Scripps Networks Interactive to a “neutral” rating and set a $83.00 price target for the company in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Scripps Networks Interactive currently has a consensus rating of “Hold” and an average target price of $82.47.

Shares of Scripps Networks Interactive (NASDAQ:SNI) traded up 0.16% during midday trading on Tuesday, hitting $87.80. The company had a trading volume of 4,040,623 shares. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of 19.62 and a beta of 1.49. Scripps Networks Interactive has a one year low of $59.32 and a one year high of $88.45. The company’s 50 day moving average is $73.67 and its 200 day moving average is $74.23.

In related news, major shareholder Edward W. Scripps sold 300,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the sale, the insider now directly owns 232,071 shares in the company, valued at approximately $15,539,474.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Wesbanco Bank Inc. increased its position in Scripps Networks Interactive by 40.3% in the second quarter. Wesbanco Bank Inc. now owns 87,100 shares of the company’s stock valued at $5,950,000 after buying an additional 25,000 shares in the last quarter. Principal Financial Group Inc. increased its position in Scripps Networks Interactive by 16.5% in the second quarter. Principal Financial Group Inc. now owns 454,452 shares of the company’s stock valued at $31,044,000 after buying an additional 64,354 shares in the last quarter. Neuberger Berman Group LLC increased its position in Scripps Networks Interactive by 7.9% in the second quarter. Neuberger Berman Group LLC now owns 26,829 shares of the company’s stock valued at $1,833,000 after buying an additional 1,958 shares in the last quarter. Pacer Advisors Inc. increased its position in Scripps Networks Interactive by 12.1% in the second quarter. Pacer Advisors Inc. now owns 3,565 shares of the company’s stock valued at $244,000 after buying an additional 386 shares in the last quarter. Finally, Utah Retirement Systems increased its position in Scripps Networks Interactive by 4.7% in the second quarter. Utah Retirement Systems now owns 15,742 shares of the company’s stock valued at $1,075,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 70.48% of the company’s stock.

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Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

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