Equities research analysts predict that Scripps Networks Interactive, Inc (NASDAQ:SNI) will report sales of $838.63 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Scripps Networks Interactive’s earnings. The highest sales estimate is $857.24 million and the lowest is $828.00 million. Scripps Networks Interactive reported sales of $803.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is scheduled to announce its next earnings report on Monday, November 6th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full-year sales of $838.63 million for the current year, with estimates ranging from $3.50 billion to $3.60 billion. For the next year, analysts anticipate 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 a mean average based on a survey of research analysts that follow Scripps Networks Interactive.

Several research firms have weighed in on SNI. Gabelli reiterated a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. 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. KeyCorp reiterated a “hold” rating on shares of Scripps Networks Interactive in a research note on Friday, August 25th. Finally, BidaskClub lowered shares of Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Scripps Networks Interactive has a consensus rating of “Hold” and a consensus target price of $84.21.

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In other news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction dated 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 owns 9,457 shares in the company, valued at $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its position in Scripps Networks Interactive by 14.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock valued at $106,000 after buying an additional 193 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Scripps Networks Interactive in the 2nd quarter valued at about $126,000. Mascoma Wealth Management LLC bought a new position in Scripps Networks Interactive in the 2nd quarter valued at about $130,000. Federated Investors Inc. PA grew its position in Scripps Networks Interactive by 48.4% in the 2nd quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after buying an additional 776 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in Scripps Networks Interactive by 1.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after buying an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 74.69% of the company’s stock.

Scripps Networks Interactive (NASDAQ SNI) traded up 0.18% on Tuesday, hitting $83.69. 115,205 shares of the company were exchanged. Scripps Networks Interactive has a 52-week low of $62.03 and a 52-week high of $88.45. The firm has a 50 day moving average of $85.27 and a 200-day moving average of $77.30. The stock has a market cap of $10.86 billion, a PE ratio of 17.27 and a beta of 1.47.

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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