$1.25 EPS Expected for Scripps Networks Interactive, Inc. (SNI) This Quarter

Brokerages expect Scripps Networks Interactive, Inc. (NASDAQ:SNI) to post earnings per share of $1.25 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Scripps Networks Interactive’s earnings. The highest EPS estimate is $1.40 and the lowest is $1.19. Scripps Networks Interactive posted earnings per share of $1.02 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.5%. The company is expected to announce 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’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Scripps Networks Interactive.

Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.09. The company had revenue of $825.53 million during the quarter, compared to analysts’ expectations of $838.63 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same period last year, the firm posted $1.26 earnings per share.

Several analysts recently weighed in on the company. BidaskClub cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Royal Bank of Canada set a $90.00 price target on Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.62.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC increased its stake in shares of 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 purchasing an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Scripps Networks Interactive in the 2nd quarter valued at $126,000. Valeo Financial Advisors LLC bought a new position in shares of Scripps Networks Interactive in the 3rd quarter valued at $162,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Scripps Networks Interactive in the 3rd quarter valued at $202,000. Finally, Welch & Forbes LLC bought a new position in shares of Scripps Networks Interactive in the 3rd quarter valued at $204,000. 60.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Scripps Networks Interactive (NASDAQ SNI) opened at $88.50 on Friday. The firm has a market capitalization of $11,490.00, a P/E ratio of 18.99, a P/E/G ratio of 2.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19. Scripps Networks Interactive has a fifty-two week low of $64.87 and a fifty-two week high of $88.77.

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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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