Scripps Networks Interactive (NYSE:SNI) EVP Cynthia L. Gibson sold 9,465 shares of Scripps Networks Interactive stock on the open market in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $81.53, for a total value of $771,681.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Scripps Networks Interactive (NYSE:SNI) traded up 0.23% during mid-day trading on Wednesday, hitting $81.50. 461,566 shares of the company’s stock traded hands. Scripps Networks Interactive has a one year low of $63.46 and a one year high of $86.62. The stock’s 50-day moving average is $76.67 and its 200-day moving average is $77.. The company has a market cap of $11.916 billion and a P/E ratio of 23.91.
Scripps Networks Interactive (NYSE:SNI) last announced its earnings results on Friday, February 14th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.97 by $0.24. The company had revenue of $654.00 million for the quarter, compared to the consensus estimate of $655.62 million. During the same quarter last year, the company posted $0.84 earnings per share. Scripps Networks Interactive’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Scripps Networks Interactive will post $4.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Scripps Networks Interactive’s previous quarterly dividend of $0.15.
A number of research firms have recently commented on SNI. Analysts at Sanford C. Bernstein raised their price target on shares of Scripps Networks Interactive from $83.00 to $84.00 in a research note on Thursday, February 20th. Separately, analysts at Argus upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. They now have a $100.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Scripps Networks Interactive to $83.00 in a research note on Tuesday, February 18th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.13.
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands.
This article (Insider Selling: Cynthia L. Gibson Sells 9,465 Shares of Scripps Networks Interactive Stock (SNI)) was originally developed by and is property of American Banking News.
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