Shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) have received an average rating of “Hold” from the twenty analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $71.09.
A number of equities research analysts have recently issued reports on SNI shares. Jefferies Group reissued a “hold” rating and issued a $69.00 price target on shares of Scripps Networks Interactive in a research note on Saturday, June 25th. Citigroup Inc. cut their target price on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Scripps Networks Interactive in a research note on Friday, June 17th. Evercore ISI downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research note on Wednesday, August 10th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a research note on Sunday, May 22nd.
In related news, major shareholder Edward W. Scripps sold 45,190 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $62.17, for a total transaction of $2,809,462.30. Following the completion of the sale, the insider now owns 130,000 shares in the company, valued at approximately $8,082,100. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Cynthia J. Scripps sold 95,000 shares of the stock in a transaction on 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 owns 65,706 shares of the company’s stock, valued at approximately $4,150,648.02. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its stake in shares of 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 in the last quarter. 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 valued at $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 valued at $123,000 after buying an additional 300 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 valued at $114,000 after buying an additional 170 shares during the period. Finally, Barnett & Company Inc. purchased a new stake in Scripps Networks Interactive during the first quarter valued at approximately $177,000. Hedge funds and other institutional investors own 66.39% of the company’s stock.
Shares of Scripps Networks Interactive (NASDAQ:SNI) traded up 0.33% during midday trading on Monday, reaching $60.08. 536,408 shares of the company’s stock traded hands. Scripps Networks Interactive has a 1-year low of $47.62 and a 1-year high of $68.44. The stock has a market capitalization of $7.75 billion, a P/E ratio of 10.20 and a beta of 1.24. The firm’s 50-day moving average price is $64.32 and its 200 day moving average price is $64.15.
Scripps Networks Interactive (NASDAQ:SNI) last posted its earnings results on Tuesday, August 9th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.08. The company had revenue of $892.80 million for the quarter, compared to analyst estimates of $893.46 million. Scripps Networks Interactive had a net margin of 22.91% and a return on equity of 35.33%. Scripps Networks Interactive’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. On average, equities analysts predict that Scripps Networks Interactive will post $5.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, August 29th. Scripps Networks Interactive’s dividend payout ratio is currently 16.98%.
Scripps Networks Interactive Company Profile
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.