Analysts Expect Scripps Networks Interactive, Inc. (SNI) to Announce $1.24 Earnings Per Share

Equities analysts expect Scripps Networks Interactive, Inc. (NASDAQ:SNI) to announce $1.24 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Scripps Networks Interactive’s earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $1.19. Scripps Networks Interactive reported earnings per share of $1.02 in the same quarter last year, which indicates a positive year over year growth rate of 21.6%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full-year earnings of $5.53 per share for the current financial year, with EPS estimates ranging from $5.40 to $5.61. For the next fiscal year, analysts expect that the company will report earnings of $5.50 per share, with EPS estimates ranging from $4.86 to $6.08. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Scripps Networks Interactive.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Cowen reissued a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a report on Monday. BidaskClub upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Monday. Finally, 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. Fifteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $86.57.

Scripps Networks Interactive (NASDAQ SNI) opened at $86.68 on Tuesday. The company has a market cap of $11,426.02, a PE ratio of 18.56, a PEG ratio of 2.24 and a beta of 1.40. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90. Scripps Networks Interactive has a fifty-two week low of $64.87 and a fifty-two week high of $88.87.

In other Scripps Networks Interactive news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the sale, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC increased its position in Scripps Networks Interactive by 2.0% during the 2nd quarter. Sentry Investment Management LLC now owns 5,618 shares of the company’s stock valued at $384,000 after purchasing an additional 111 shares during the period. Nordea Investment Management AB grew its position in shares of Scripps Networks Interactive by 3.4% during the 2nd quarter. Nordea Investment Management AB now owns 3,718 shares of the company’s stock worth $254,000 after buying an additional 122 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Scripps Networks Interactive by 4.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,255 shares of the company’s stock worth $222,000 after buying an additional 130 shares during the period. Nationwide Fund Advisors grew its position in shares of Scripps Networks Interactive by 2.4% during the 3rd quarter. Nationwide Fund Advisors now owns 27,142 shares of the company’s stock worth $2,331,000 after buying an additional 634 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Scripps Networks Interactive by 9.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,804 shares of the company’s stock worth $670,000 after buying an additional 679 shares during the period. 61.71% of the stock is 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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