Scripps Networks Interactive (NASDAQ:SNI) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also commented on SNI. Royal Bank of Canada upped their price objective on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. KeyCorp reissued a “hold” rating on shares of Scripps Networks Interactive in a research note on Friday, August 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research note on Tuesday, September 12th. Cowen reissued a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research note on Friday, September 8th. Finally, Morgan Stanley upped their target price on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company’s stock. Scripps Networks Interactive presently has an average rating of “Hold” and an average target price of $85.62.

Shares of Scripps Networks Interactive (NASDAQ:SNI) traded down $0.04 on Tuesday, hitting $81.81. 1,253,400 shares of the stock were exchanged, compared to its average volume of 1,626,278. The firm has a market capitalization of $10,633.54, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.07 and a beta of 1.45. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19. Scripps Networks Interactive has a 1-year low of $64.87 and a 1-year high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.09. The business had revenue of $825.53 million during the quarter, compared to analyst estimates of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. During the same quarter in the prior year, the business earned $1.26 earnings per share. equities research analysts predict that Scripps Networks Interactive will post 5.53 earnings per share for the current year.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $79.61, for a total transaction of $85,739.97. Following the sale, the director now directly owns 7,520 shares of the company’s stock, valued at $598,667.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its holdings in Scripps Networks Interactive by 14.2% in the second 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 during the period. Mountain Capital Investment Advisors Inc acquired a new position in Scripps Networks Interactive in the second quarter valued at approximately $126,000. Valeo Financial Advisors LLC acquired a new position in Scripps Networks Interactive in the third quarter valued at approximately $162,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Scripps Networks Interactive in the third quarter valued at approximately $202,000. Finally, Welch & Forbes LLC acquired a new position in Scripps Networks Interactive in the third quarter valued at approximately $204,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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