Scripps Networks Interactive, Inc. (SNI) Forecasted to Post Q1 2019 Earnings of $1.07 Per Share
Scripps Networks Interactive, Inc. (NASDAQ:SNI) – Investment analysts at KeyCorp issued their Q1 2019 earnings per share estimates for Scripps Networks Interactive in a report released on Monday. KeyCorp analyst A. Hargreaves expects that the company will post earnings of $1.07 per share for the quarter. KeyCorp also issued estimates for Scripps Networks Interactive’s Q2 2019 earnings at $1.33 EPS, Q3 2019 earnings at $1.17 EPS and Q4 2019 earnings at $1.29 EPS.
Several other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Friday, February 2nd. Finally, Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Monday, February 5th. Fourteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Scripps Networks Interactive has a consensus rating of “Hold” and a consensus target price of $86.36.
Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Monday, February 26th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.17. The business had revenue of $956.12 million for the quarter, compared to analyst estimates of $912.81 million. Scripps Networks Interactive had a net margin of 17.52% and a return on equity of 26.63%. During the same period in the prior year, the firm earned $1.02 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.20 annualized dividend and a yield of 1.33%. Scripps Networks Interactive’s payout ratio is 25.16%.
In other news, Director Michael R. Costa sold 18,955 shares of the 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 in the company, valued at $1,090,247.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its position in Scripps Networks Interactive by 4.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,255 shares of the company’s stock valued at $222,000 after buying an additional 130 shares during the period. Nationwide Fund Advisors grew its position in Scripps Networks Interactive by 2.4% during the third quarter. Nationwide Fund Advisors now owns 27,142 shares of the company’s stock valued at $2,331,000 after buying an additional 634 shares during the period. Aperio Group LLC grew its position in Scripps Networks Interactive by 2.3% during the third quarter. Aperio Group LLC now owns 76,912 shares of the company’s stock valued at $6,606,000 after buying an additional 1,738 shares during the period. Pictet Asset Management Ltd. grew its position in Scripps Networks Interactive by 6.2% during the third quarter. Pictet Asset Management Ltd. now owns 58,261 shares of the company’s stock valued at $5,004,000 after buying an additional 3,400 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in Scripps Networks Interactive during the third quarter valued at about $1,631,000. Institutional investors own 60.08% of the company’s stock.
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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