Scripps Networks Interactive Inc. (SNI) Stock Rating Reaffirmed by Jefferies Group
Scripps Networks Interactive Inc. (NASDAQ:SNI)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a research note issued on Tuesday. They currently have a $67.00 price objective on the stock. Jefferies Group’s price target indicates a potential upside of 5.05% from the company’s current price.
SNI has been the topic of several other research reports. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a research report on Friday, July 8th. Argus reaffirmed a “buy” rating and set a $100.00 target price on shares of Scripps Networks Interactive in a research report on Tuesday, August 16th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Scripps Networks Interactive in a research report on Friday, June 17th. Evercore ISI cut Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research report on Wednesday, August 10th. Finally, MKM Partners reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a research report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $68.73.
Scripps Networks Interactive (NASDAQ:SNI) opened at 63.78 on Tuesday. The stock has a market cap of $8.23 billion, a PE ratio of 10.83 and a beta of 1.18. The stock has a 50 day moving average price of $62.84 and a 200 day moving average price of $63.96. Scripps Networks Interactive has a 1-year low of $50.81 and a 1-year high of $68.44.
Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.08. Scripps Networks Interactive had a return on equity of 35.33% and a net margin of 22.91%. The company had revenue of $892.80 million for the quarter, compared to analysts’ expectations of $893.46 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. Scripps Networks Interactive’s revenue was up 22.0% compared to the same quarter last year. On average, analysts predict that Scripps Networks Interactive will post $5.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.57%. The ex-dividend date was Monday, August 29th. Scripps Networks Interactive’s dividend payout ratio is currently 16.98%.
In other news, major shareholder Cynthia J. Scripps sold 95,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $63.17, for a total transaction of $6,001,150.00. Following the sale, the insider now directly owns 65,706 shares in the company, valued at approximately $4,150,648.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cynthia L. Gibson sold 2,238 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $62.25, for a total value of $139,315.50. Following the sale, the executive vice president now owns 19,495 shares in the company, valued at $1,213,563.75. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. boosted its stake in Scripps Networks Interactive by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,808 shares of the company’s stock worth $113,000 after buying an additional 51 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Scripps Networks Interactive by 9.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,037 shares of the company’s stock worth $114,000 after buying an additional 170 shares during the period. Pacer Advisors Inc. boosted its stake in Scripps Networks Interactive by 8.8% in the second quarter. Pacer Advisors Inc. now owns 1,929 shares of the company’s stock worth $120,000 after buying an additional 156 shares during the period. NEXT Financial Group Inc boosted its stake in Scripps Networks Interactive by 17.8% in the second quarter. NEXT Financial Group Inc now owns 1,988 shares of the company’s stock worth $123,000 after buying an additional 300 shares during the period. Finally, Barnett & Company Inc. acquired a new stake in Scripps Networks Interactive during the first quarter worth approximately $177,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.
About Scripps Networks Interactive
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country.
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