Equities research analysts expect that Scripps Networks Interactive, Inc (NASDAQ:SNI) will post $838.61 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Scripps Networks Interactive’s earnings, with the highest sales estimate coming in at $857.24 million and the lowest estimate coming in at $828.00 million. Scripps Networks Interactive posted sales of $803.09 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The company is expected to announce its next earnings results on Monday, November 6th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full year sales of $838.61 million for the current financial year, with estimates ranging from $3.50 billion to $3.60 billion. For the next year, analysts expect that the business will report sales of $3.67 billion per share, with estimates ranging from $3.58 billion to $3.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Scripps Networks Interactive.

A number of analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday. Cowen and Company reiterated a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a report on Friday, September 8th. BidaskClub lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. KeyCorp reiterated a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. Finally, Morgan Stanley boosted their price target on Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus price target of $84.20.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now directly owns 9,457 shares of the company’s stock, valued at $830,608.31. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Scripps Networks Interactive by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock valued at $593,489,000 after acquiring an additional 542,575 shares during the period. BlackRock Inc. increased its position in shares of Scripps Networks Interactive by 18.3% in the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock valued at $577,591,000 after acquiring an additional 1,308,844 shares during the period. State Street Corp increased its position in shares of Scripps Networks Interactive by 0.5% in the 2nd quarter. State Street Corp now owns 3,749,940 shares of the company’s stock valued at $256,149,000 after acquiring an additional 16,947 shares during the period. FMR LLC increased its position in shares of Scripps Networks Interactive by 24.6% in the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock valued at $230,278,000 after acquiring an additional 665,805 shares during the period. Finally, Pioneer Investment Management Inc. increased its position in shares of Scripps Networks Interactive by 20.9% in the 2nd quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock valued at $156,298,000 after acquiring an additional 396,253 shares during the period. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Scripps Networks Interactive (NASDAQ SNI) opened at 86.01 on Friday. The company’s 50-day moving average price is $86.23 and its 200-day moving average price is $76.11. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 17.75 and a beta of 1.47. Scripps Networks Interactive has a 52-week low of $59.32 and a 52-week high of $88.45.

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is presently 24.79%.

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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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