Zacks: Analysts Anticipate Scripps Networks Interactive, Inc. (SNI) to Post $1.25 EPS

Equities research analysts expect Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings per share (EPS) of $1.25 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Scripps Networks Interactive’s earnings. The highest EPS estimate is $1.40 and the lowest is $1.19. Scripps Networks Interactive reported earnings of $1.02 per share during the same quarter last year, which would indicate a positive year over year growth rate of 22.5%. The company is scheduled to report its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full-year earnings of $5.53 per share for the current fiscal year, with EPS estimates ranging from $5.40 to $5.61. For the next year, analysts anticipate that the firm will post earnings of $5.33 per share, with EPS estimates ranging from $4.86 to $5.95. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Scripps Networks Interactive.

Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.96 by $0.09. The company had revenue of $825.53 million for 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 period in the previous year, the firm earned $1.26 EPS.

Several research firms have recently issued reports on SNI. BidaskClub downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Royal Bank of Canada reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research note on Wednesday, September 20th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Scripps Networks Interactive in a research note on Tuesday, September 12th. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research note on Friday, September 8th. Sixteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $85.62.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the completion of the sale, the director now owns 7,520 shares in the company, valued at approximately $598,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Costa sold 18,955 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the sale, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its holdings 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 worth $202,000 after acquiring an additional 32 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Scripps Networks Interactive by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock worth $487,000 after acquiring an additional 39 shares during the period. Empirical Finance LLC boosted its holdings in Scripps Networks Interactive by 0.4% in the 2nd quarter. Empirical Finance LLC now owns 15,224 shares of the company’s stock worth $1,040,000 after acquiring an additional 56 shares during the period. Choate Investment Advisors boosted its holdings in Scripps Networks Interactive by 1.6% in the 2nd quarter. Choate Investment Advisors now owns 4,470 shares of the company’s stock worth $305,000 after acquiring an additional 70 shares during the period. Finally, Sawtooth Solutions LLC boosted its holdings in Scripps Networks Interactive by 3.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,207 shares of the company’s stock worth $219,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 60.86% of the company’s stock.

Shares of Scripps Networks Interactive (SNI) traded up $1.26 during midday trading on Wednesday, hitting $86.64. 761,500 shares of the company’s stock traded hands, compared to its average volume of 660,000. The stock has a market cap of $11,092.14, a price-to-earnings ratio of 18.55, a P/E/G ratio of 2.24 and a beta of 1.44. Scripps Networks Interactive has a 52 week low of $64.87 and a 52 week high of $88.45. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90.

The company also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Thursday, November 30th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, November 29th. Scripps Networks Interactive’s payout ratio is 12.85%.

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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.

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