BidaskClub downgraded shares of Scripps Networks Interactive (NASDAQ:SNI) from a sell rating to a strong sell rating in a report published on Tuesday morning.

Other equities analysts also recently issued research reports about the company. Cowen reiterated a hold rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Friday, September 8th. Morgan Stanley lifted their price objective on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an equal weight rating in a research report on Thursday, August 24th. Royal Bank of Canada reiterated a hold rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. Sanford C. Bernstein reiterated a market perform rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. Finally, KeyCorp reiterated a hold rating on shares of Scripps Networks Interactive in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $85.62.

Shares of Scripps Networks Interactive (NASDAQ:SNI) traded up $1.77 during trading hours on Tuesday, hitting $83.21. The stock had a trading volume of 1,278,392 shares, compared to its average volume of 1,032,532. 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 capitalization of $10,580.28, a price-to-earnings ratio of 15.11, a PEG ratio of 2.06 and a beta of 1.45. Scripps Networks Interactive has a 12-month low of $64.87 and a 12-month high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.09. The firm had revenue of $825.53 million for the quarter, compared to analyst estimates of $838.63 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same period in the previous year, the company posted $1.26 earnings per share. analysts forecast that Scripps Networks Interactive will post 5.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. Scripps Networks Interactive’s dividend payout ratio is currently 12.85%.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the sale, the director now owns 7,520 shares in the company, valued at $598,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of SNI. Pentwater Capital Management LP acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $310,922,000. Cowen Inc. acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $223,568,000. Alliancebernstein L.P. grew its stake in shares of Scripps Networks Interactive by 1,107.7% in the second quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock valued at $142,373,000 after buying an additional 1,911,635 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $149,660,000. Finally, Alpine Associates Management Inc. acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $143,032,000. Institutional investors own 60.95% of the company’s stock.

WARNING: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/scripps-networks-interactive-sni-downgraded-by-bidaskclub-to-strong-sell/1768292.html.

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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

Receive News & Ratings for Scripps Networks Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive and related companies with MarketBeat.com's FREE daily email newsletter.