Brokerages expect that Scripps Networks Interactive, Inc. (NASDAQ:SNI) will report $838.61 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Scripps Networks Interactive’s earnings, with the lowest sales estimate coming in at $828.00 million and the highest estimate coming in at $857.24 million. Scripps Networks Interactive reported sales of $803.09 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The business is expected to announce its next earnings report on Monday, November 6th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full-year sales of $838.61 million for the current year, with estimates ranging from $3.50 billion to $3.60 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.67 billion per share, with estimates ranging from $3.58 billion to $3.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Scripps Networks Interactive.

SNI has been the topic of several recent research reports. Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a report on Thursday, July 27th. Morgan Stanley increased their price target on Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 24th. Argus lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank of Canada set a $76.00 price target on Scripps Networks Interactive and gave the company a “hold” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.20.

Scripps Networks Interactive (NASDAQ:SNI) traded up 0.18% during mid-day trading on Friday, reaching $85.81. 679,615 shares of the company traded hands. Scripps Networks Interactive has a 12-month low of $59.32 and a 12-month high of $88.45. The company’s 50 day moving average price is $86.14 and its 200 day moving average price is $76.15. The firm has a market capitalization of $11.14 billion, a P/E ratio of 17.71 and a beta of 1.47.

The company also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is 24.79%.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SNI. BlackRock Inc. grew its position in shares of Scripps Networks Interactive by 4,188.7% during the 1st quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after buying an additional 6,979,918 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Scripps Networks Interactive by 1,107.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock worth $142,373,000 after buying an additional 1,911,635 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Scripps Networks Interactive by 312.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock worth $88,345,000 after buying an additional 979,500 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Scripps Networks Interactive by 319.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,224,046 shares of the company’s stock worth $83,614,000 after buying an additional 931,958 shares in the last quarter. Finally, FMR LLC grew its position in shares of Scripps Networks Interactive by 24.6% during the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock worth $230,278,000 after buying an additional 665,805 shares in the last quarter. 75.85% of the stock is currently owned by institutional investors and hedge funds.

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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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