Analysts Anticipate Scripps Networks Interactive, Inc. (SNI) Will Post Quarterly Sales of $912.81 Million

Analysts forecast that Scripps Networks Interactive, Inc. (NASDAQ:SNI) will post $912.81 million in sales for the current fiscal quarter, according to Zacks. 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 during the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The company is scheduled to report its next earnings results after the market closes on Monday, February 26th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full year sales of $912.81 million for the current year, with estimates ranging from $3.51 billion to $3.53 billion. For the next year, analysts expect that the company will report sales of $3.59 billion per share, with estimates ranging from $3.55 billion to $3.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Scripps Networks Interactive.

A number of equities research analysts have weighed in on SNI shares. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Cowen reiterated a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research note on Monday. BidaskClub upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada set a $90.00 price target on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a research note on Friday, October 20th. Fifteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.57.

In other news, Director Michael R. Costa sold 18,955 shares of the business’s stock in a transaction on 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 sale, the director now owns 13,035 shares in the company, valued at approximately $1,090,247.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of SNI. Profund Advisors LLC boosted its stake in shares of Scripps Networks Interactive by 26.9% in the 2nd quarter. Profund Advisors LLC now owns 3,498 shares of the company’s stock valued at $239,000 after purchasing an additional 742 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Scripps Networks Interactive by 3.4% in the 2nd quarter. Nordea Investment Management AB now owns 3,718 shares of the company’s stock valued at $254,000 after purchasing an additional 122 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Scripps Networks Interactive by 26.8% in the second quarter. Dimensional Fund Advisors LP now owns 610,288 shares of the company’s stock valued at $41,690,000 after buying an additional 129,039 shares during the last quarter. QS Investors LLC raised its holdings in shares of Scripps Networks Interactive by 18.4% in the second quarter. QS Investors LLC now owns 6,447 shares of the company’s stock valued at $440,000 after buying an additional 1,001 shares during the last quarter. Finally, Employees Retirement System of Texas raised its holdings in shares of Scripps Networks Interactive by 100.0% in the second quarter. Employees Retirement System of Texas now owns 14,000 shares of the company’s stock valued at $956,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 61.71% of the company’s stock.

Scripps Networks Interactive (SNI) opened at $87.20 on Thursday. Scripps Networks Interactive has a 52-week low of $64.87 and a 52-week high of $88.87. The company has a market cap of $11,397.44, a P/E ratio of 16.28, a PEG ratio of 3.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19.

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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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