Scripps Networks Interactive Inc. (NASDAQ:SNI) is scheduled to be announcing its Q316 earnings results on Thursday, October 6th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $792.57 million for the quarter.
Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.08. The business earned $892.80 million during the quarter, compared to the consensus estimate 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 for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 earnings per share. On average, analysts expect Scripps Networks Interactive to post $5.16 EPS for the current fiscal year and $5.38 EPS for the next fiscal year.
Shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) opened at 64.12 on Tuesday. The company has a market capitalization of $8.27 billion, a P/E ratio of 10.88 and a beta of 1.18. Scripps Networks Interactive Inc. has a 1-year low of $50.81 and a 1-year high of $68.44. The company’s 50 day moving average is $62.85 and its 200-day moving average is $63.97.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 31st were paid a $0.25 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. Scripps Networks Interactive’s payout ratio is currently 16.98%.
SNI has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, July 20th. Argus reiterated a “buy” rating and issued a $100.00 price objective on shares of Scripps Networks Interactive in a report on Tuesday, August 16th. Evercore ISI lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price objective for the company. in a report on Wednesday, August 10th. Jefferies Group dropped their price objective on shares of Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating for the company in a report on Wednesday, August 10th. Finally, MKM Partners reiterated a “hold” rating on shares of Scripps Networks Interactive in a report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $68.73.
In other Scripps Networks Interactive news, major shareholder Julia Scripps Heidt sold 152,863 shares of Scripps Networks Interactive stock in a transaction on Friday, September 16th. The shares were sold at an average price of $60.44, for a total transaction of $9,239,039.72. Following the transaction, the insider now directly owns 208,766 shares of the company’s stock, valued at approximately $12,617,817.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cynthia J. Scripps sold 95,000 shares of Scripps Networks Interactive 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 transaction, the insider now directly owns 65,706 shares in the company, valued at $4,150,648.02. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. 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 worth $120,000 after buying an additional 156 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in Scripps Networks Interactive by 15.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,150 shares of the company’s stock worth $196,000 after buying an additional 419 shares during the last quarter. Tredje AP fonden boosted its stake in Scripps Networks Interactive by 362.0% in the second quarter. Tredje AP fonden now owns 3,280 shares of the company’s stock worth $204,000 after buying an additional 2,570 shares during the last quarter. Mariner Wealth Advisors LLC boosted its stake in Scripps Networks Interactive by 15.1% in the second quarter. Mariner Wealth Advisors LLC now owns 5,664 shares of the company’s stock worth $353,000 after buying an additional 744 shares during the last quarter. Finally, Allianz Asset Management AG boosted its stake in Scripps Networks Interactive by 76.7% in the second quarter. Allianz Asset Management AG now owns 5,800 shares of the company’s stock worth $361,000 after buying an additional 2,517 shares during the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.
About Scripps Networks Interactive
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.
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