Equities research analysts expect Scripps Networks Interactive, Inc (NASDAQ:SNI) to announce earnings per share (EPS) of $0.98 for the current quarter, Zacks reports. Five analysts have made estimates for Scripps Networks Interactive’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $1.10. Scripps Networks Interactive posted earnings per share of $1.26 during the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The business is scheduled to announce its next earnings results on Monday, November 6th.

On average, analysts expect that Scripps Networks Interactive will report full-year earnings of $5.47 per share for the current fiscal year, with EPS estimates ranging from $5.32 to $5.65. For the next year, analysts anticipate that the business will post earnings of $5.45 per share, with EPS estimates ranging from $4.86 to $5.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Scripps Networks Interactive.

A number of research firms have commented on SNI. Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. J P Morgan Chase & Co restated an “overweight” rating and set a $83.00 target price on shares of Scripps Networks Interactive in a research note on Monday, July 10th. Royal Bank Of Canada raised their target price on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Finally, MKM Partners restated a “neutral” rating and set a $73.00 target price (down previously from $84.00) on shares of Scripps Networks Interactive in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $84.20.

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Scripps Networks Interactive (NASDAQ:SNI) traded up 0.14% during mid-day trading on Thursday, hitting $85.36. 821,702 shares of the stock traded hands. The company’s 50 day moving average price is $86.09 and its 200-day moving average price is $75.94. Scripps Networks Interactive has a 1-year low of $59.32 and a 1-year high of $88.45. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 17.61 and a beta of 1.47.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.41%. The ex-dividend date was Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is 24.79%.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of Scripps Networks Interactive stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the transaction, the director now directly owns 9,457 shares of the company’s stock, valued at $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Scripps Networks Interactive by 93.9% during the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $3,207,000 after purchasing an additional 19,812 shares during the period. Soros Fund Management LLC purchased a new stake in shares of Scripps Networks Interactive during the first quarter valued at $4,945,000. LMR Partners LLP purchased a new stake in shares of Scripps Networks Interactive during the second quarter valued at $1,380,000. BlackRock Inc. boosted its stake in shares of Scripps Networks Interactive by 4,188.7% during the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after purchasing an additional 6,979,918 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in shares of Scripps Networks Interactive by 21.2% during the first quarter. State of Wisconsin Investment Board now owns 54,509 shares of the company’s stock valued at $4,272,000 after purchasing an additional 9,529 shares during the period. 75.90% of the stock is owned by hedge funds and other institutional investors.

About Scripps Networks Interactive

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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