Scripps Networks Interactive, Inc. (SNI) Receives Average Recommendation of “Hold” from Brokerages

Scripps Networks Interactive, Inc. (NASDAQ:SNI) has received a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $86.36.

Several equities research analysts recently weighed in on SNI shares. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. BidaskClub raised shares of Scripps Networks Interactive from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a research note on Monday, February 5th.

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SNI traded down $0.06 during trading hours on Friday, hitting $90.04. 11,132,800 shares of the company’s stock were exchanged, compared to its average volume of 1,537,205. Scripps Networks Interactive has a 12-month low of $64.87 and a 12-month high of $93.58. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 0.81.



Scripps Networks Interactive (NASDAQ:SNI) last announced its earnings results on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. Scripps Networks Interactive had a net margin of 17.52% and a return on equity of 26.63%. The firm had revenue of $956.12 million for the quarter, compared to the consensus estimate of $912.81 million. During the same period in the prior year, the firm earned $1.02 EPS. equities research analysts forecast that Scripps Networks Interactive will post 5.61 EPS for the current fiscal year.

In related news, CFO Lori A. Hickok sold 125,128 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.71, for a total value of $11,225,232.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,873 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.90, for a total transaction of $527,982.70. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $111,000. Financial Gravity Companies Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $129,000. Cerebellum GP LLC acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $133,000. Slow Capital Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $163,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $230,000. 62.59% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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