$0.98 EPS Expected for Scripps Networks Interactive, Inc (SNI) This Quarter
Equities research analysts expect Scripps Networks Interactive, Inc (NASDAQ:SNI) to report earnings of $0.98 per share for the current quarter, according to Zacks. Five analysts have made estimates for Scripps Networks Interactive’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $1.10. Scripps Networks Interactive posted earnings per share of $1.26 during the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The business is expected to issue its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that Scripps Networks Interactive will report full-year earnings of $5.47 per share for the current year, with EPS estimates ranging from $5.32 to $5.65. For the next financial year, analysts expect that the company will report earnings of $5.42 per share, with EPS estimates ranging from $4.86 to $5.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Scripps Networks Interactive.
Several research firms have weighed in on SNI. Cowen and Company reiterated a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a report on Friday, September 8th. Argus downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. MKM Partners restated a “neutral” rating and set a $73.00 price target (down previously from $84.00) on shares of Scripps Networks Interactive in a report on Friday, July 21st. Morgan Stanley lifted their price target on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $84.20.
In other news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the sale, the director now owns 9,457 shares of the company’s stock, valued at $830,608.31. 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 owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. grew its stake in Scripps Networks Interactive by 8.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 241,402 shares of the company’s stock worth $18,919,000 after purchasing an additional 18,099 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Scripps Networks Interactive by 196.0% during the 1st quarter. Ameriprise Financial Inc. now owns 206,245 shares of the company’s stock worth $16,164,000 after purchasing an additional 136,559 shares during the period. Mutual of America Capital Management LLC increased its holdings in Scripps Networks Interactive by 25.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 17,407 shares of the company’s stock worth $1,364,000 after purchasing an additional 3,512 shares during the period. Oxford Asset Management purchased a new stake in Scripps Networks Interactive during the 1st quarter worth about $992,000. Finally, Mason Street Advisors LLC increased its holdings in Scripps Networks Interactive by 1.3% during the 1st quarter. Mason Street Advisors LLC now owns 13,202 shares of the company’s stock worth $1,035,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 75.85% of the company’s stock.
Scripps Networks Interactive (NASDAQ:SNI) traded down 0.02% on Tuesday, reaching $86.09. 128,005 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $85.76 and a 200-day moving average price of $76.61. Scripps Networks Interactive has a 52 week low of $60.63 and a 52 week high of $88.45. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 17.77 and a beta of 1.47.
The company also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio is currently 24.79%.
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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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