Scripps Networks Interactive, Inc (SNI) Declares Quarterly Dividend of $0.30
Scripps Networks Interactive, Inc (NASDAQ:SNI) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Thursday, November 30th will be given a dividend of 0.30 per share on Sunday, December 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.44%.
Scripps Networks Interactive (NASDAQ:SNI) last announced its earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.09. The business had revenue of $825.53 million during the quarter, compared to the consensus estimate of $838.63 million. Scripps Networks Interactive had a return on equity of 29.93% and a net margin of 18.20%. During the same period in the prior year, the company posted $1.26 EPS.
In other news, Director Jeffrey Sagansky sold 1,159 shares of the 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 completion of the transaction, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.
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Several brokerages have recently weighed in on SNI. Cowen and Company reaffirmed a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a research note on Friday, September 8th. Morgan Stanley upped their target price on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 24th. Argus downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. MKM Partners reaffirmed a “neutral” rating and set a $73.00 target price (down from $84.00) on shares of Scripps Networks Interactive in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $85.62.
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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