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.
COPYRIGHT VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/13/analysts-expect-scripps-networks-interactive-inc-sni-to-announce-1-24-earnings-per-share.html.
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.
Get a free copy of the Zacks research report on Scripps Networks Interactive (SNI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.