Equities research analysts predict that Scripps Networks Interactive, Inc. (NASDAQ:SNI) will report sales of $855.09 million for the current quarter, Zacks reports. Three analysts have provided estimates for Scripps Networks Interactive’s earnings, with the highest sales estimate coming in at $855.6 million and the lowest estimate coming in at $854.68 million. Scripps Networks Interactive reported sales of $816.88 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, May 4th.

On average, analysts expect that Scripps Networks Interactive will report full year sales of $855.09 million for the current fiscal year, with estimates ranging from $3.56 billion to $3.61 billion. For the next year, analysts expect that the company will report sales of $3.75 billion per share, with estimates ranging from $3.72 billion to $3.78 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Scripps Networks Interactive.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by $0.05. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The business had revenue of $888.70 million for the quarter, compared to the consensus estimate of $879.45 million. During the same period in the prior year, the company earned $1.20 EPS. Scripps Networks Interactive’s quarterly revenue was up 4.3% on a year-over-year basis.

Several research firms recently issued reports on SNI. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. MKM Partners reaffirmed a “neutral” rating on shares of Scripps Networks Interactive in a report on Thursday, February 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $87.00 price objective (up from $70.00) on shares of Scripps Networks Interactive in a report on Wednesday, February 22nd. Stifel Nicolaus upped their price objective on shares of Scripps Networks Interactive from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Wednesday, February 22nd. Finally, Needham & Company LLC upped their price objective on shares of Scripps Networks Interactive from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, January 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $74.77.

In other Scripps Networks Interactive news, COO Burton F. Jablin sold 14,321 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $78.45, for a total value of $1,123,482.45. Following the completion of the sale, the chief operating officer now directly owns 48,037 shares of the company’s stock, valued at approximately $3,768,502.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Eva Scripps Attal sold 319,454 shares of the stock in a transaction on Friday, February 24th. The shares were sold at an average price of $80.64, for a total transaction of $25,760,770.56. Following the completion of the sale, the insider now directly owns 6,085 shares of the company’s stock, valued at $490,694.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,413,093 shares of company stock valued at $111,837,282. Insiders own 2.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of SNI. Capstone Asset Management Co. increased its stake in shares of Scripps Networks Interactive by 1.8% in the third quarter. Capstone Asset Management Co. now owns 9,493 shares of the company’s stock worth $603,000 after buying an additional 170 shares during the period. Nationwide Fund Advisors increased its stake in shares of Scripps Networks Interactive by 47.8% in the third quarter. Nationwide Fund Advisors now owns 224,084 shares of the company’s stock worth $14,227,000 after buying an additional 72,420 shares during the period. PGGM Investments increased its stake in shares of Scripps Networks Interactive by 6.2% in the third quarter. PGGM Investments now owns 528,348 shares of the company’s stock worth $33,545,000 after buying an additional 31,032 shares during the period. Dearborn Partners LLC increased its stake in shares of Scripps Networks Interactive by 13.8% in the third quarter. Dearborn Partners LLC now owns 4,479 shares of the company’s stock worth $284,000 after buying an additional 543 shares during the period. Finally, Boston Advisors LLC increased its stake in shares of Scripps Networks Interactive by 56.3% in the third quarter. Boston Advisors LLC now owns 288,329 shares of the company’s stock worth $18,306,000 after buying an additional 103,894 shares during the period. 66.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Scripps Networks Interactive (NASDAQ:SNI) traded down 0.56% during midday trading on Friday, hitting $74.40. 985,691 shares of the company were exchanged. The stock has a market cap of $9.63 billion, a PE ratio of 14.36 and a beta of 1.16. The stock’s 50-day moving average is $78.29 and its 200-day moving average is $72.66. Scripps Networks Interactive has a one year low of $58.73 and a one year high of $83.42.

ILLEGAL ACTIVITY NOTICE: “$855.09 Million in Sales Expected for Scripps Networks Interactive, Inc. (SNI) This Quarter” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at http://www.dailypolitical.com/2017/04/18/855-09-million-in-sales-expected-for-scripps-networks-interactive-inc-sni-this-quarter.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.

5 Day Chart for NASDAQ:SNI

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