Scripps Networks Interactive (SNI) Stock Rating Lowered by BidaskClub

Scripps Networks Interactive (NASDAQ:SNI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

Several other analysts have also issued reports on SNI. Royal Bank of Canada boosted their price target on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Morgan Stanley boosted their price target on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 24th. KeyCorp reissued a “hold” rating on shares of Scripps Networks Interactive in a research report on Friday, August 25th. Cowen reissued a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a research report on Friday, September 8th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $85.62.

Shares of Scripps Networks Interactive (NASDAQ:SNI) opened at $81.81 on Tuesday. Scripps Networks Interactive has a 12-month low of $64.87 and a 12-month high of $88.45. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market cap of $10,633.54, a P/E ratio of 15.19, a PEG ratio of 2.07 and a beta of 1.45.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. The company had revenue of $825.53 million for the quarter, compared to analyst estimates of $838.63 million. During the same quarter in the previous year, the firm posted $1.26 earnings per share. sell-side analysts expect that Scripps Networks Interactive will post 5.53 EPS for the current year.

In related news, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.61, for a total transaction of $85,739.97. Following the sale, the director now owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SNI. Pentwater Capital Management LP purchased a new position in Scripps Networks Interactive in the 3rd quarter worth approximately $310,922,000. Cowen Inc. purchased a new position in Scripps Networks Interactive in the 3rd quarter worth approximately $223,568,000. Alliancebernstein L.P. grew its stake in Scripps Networks Interactive by 1,107.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock worth $142,373,000 after buying an additional 1,911,635 shares in the last quarter. Magnetar Financial LLC purchased a new position in Scripps Networks Interactive in the 3rd quarter worth approximately $149,660,000. Finally, Alpine Associates Management Inc. purchased a new position in Scripps Networks Interactive in the 3rd quarter worth approximately $143,032,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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