Scripps Networks Interactive (NASDAQ:SNI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday, December 28th.
Several other equities research analysts also recently commented on the stock. Royal Bank of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the company a “hold” rating in a report on Friday, October 20th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average price target of $85.62.
Scripps Networks Interactive (NASDAQ SNI) opened at $87.87 on Thursday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90. The firm has a market cap of $11,410.00, a PE ratio of 18.86, a P/E/G ratio of 2.31 and a beta of 1.44. Scripps Networks Interactive has a fifty-two week low of $64.87 and a fifty-two week 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 for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.09. The company had revenue of $825.53 million for the quarter, compared to the consensus estimate of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. During the same period in the previous year, the firm earned $1.26 EPS. analysts predict that Scripps Networks Interactive will post 5.53 earnings per share for the current fiscal year.
In related news, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.61, for a total value of $85,739.97. Following the transaction, the director now directly owns 7,520 shares in the company, valued at $598,667.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Costa sold 18,955 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the transaction, the director now owns 13,035 shares in the company, valued at $1,090,247.40. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its position in shares of Scripps Networks Interactive by 14.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after purchasing an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Scripps Networks Interactive during the second quarter valued at approximately $126,000. Valeo Financial Advisors LLC bought a new position in Scripps Networks Interactive during the third quarter valued at approximately $162,000. Federated Investors Inc. PA grew its position in Scripps Networks Interactive by 48.4% during the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after acquiring an additional 776 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in Scripps Networks Interactive by 1.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after acquiring an additional 32 shares during the last quarter. Institutional investors own 60.82% of the company’s stock.
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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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