$912.06 Million in Sales Expected for Scripps Networks Interactive, Inc. (SNI) This Quarter

Equities analysts expect Scripps Networks Interactive, Inc. (NASDAQ:SNI) to post $912.06 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Scripps Networks Interactive’s earnings, with the highest sales estimate coming in at $921.00 million and the lowest estimate coming in at $905.00 million. Scripps Networks Interactive posted sales of $888.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The business is expected to report its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full-year sales of $912.06 million for the current year, with estimates ranging from $3.51 billion to $3.58 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.62 billion per share, with estimates ranging from $3.57 billion to $3.71 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Scripps Networks Interactive.

Scripps Networks Interactive (NASDAQ:SNI) last posted its earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.09. The business 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 quarter in the previous year, the business posted $1.26 EPS.

SNI has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a report on Friday, October 13th. Royal Bank of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Finally, Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.62.

In other news, Director Michael R. Costa sold 18,955 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total transaction of $85,739.97. Following the completion of the sale, the director now directly owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC grew its position in shares of Scripps Networks Interactive by 14.2% during 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 during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Scripps Networks Interactive during the 2nd quarter valued at about $126,000. Valeo Financial Advisors LLC bought a new stake in shares of Scripps Networks Interactive during the 3rd quarter valued at about $162,000. Federated Investors Inc. PA grew its position in shares of Scripps Networks Interactive by 48.4% during 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 during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Scripps Networks Interactive during the 3rd quarter valued at about $202,000. 61.01% of the stock is owned by institutional investors.

Scripps Networks Interactive (NASDAQ:SNI) traded down $0.02 during trading hours on Monday, hitting $88.50. 841,000 shares of the company traded hands, compared to its average volume of 1,029,638. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market cap of $11,500.00, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.44. Scripps Networks Interactive has a 1-year low of $64.87 and a 1-year high of $88.77.

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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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