Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) reached a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $89.86 and last traded at $88.51, with a volume of 515600 shares. The stock had previously closed at $88.51.
The company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.17. The company had revenue of $956.12 million during the quarter, compared to the consensus estimate of $912.81 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same period in the previous year, the business earned $1.02 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio (DPR) is 25.70%.
In other news, Director Michael R. Costa sold 18,955 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the sale, the director now directly owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of SNI. Pentwater Capital Management LP acquired a new position in Scripps Networks Interactive in the 3rd quarter valued at about $310,922,000. Cowen Inc. acquired a new position in Scripps Networks Interactive in the 3rd quarter valued at about $223,568,000. Magnetar Financial LLC acquired a new position in Scripps Networks Interactive in the 3rd quarter valued at about $149,660,000. Alpine Associates Management Inc. acquired a new position in Scripps Networks Interactive in the 3rd quarter valued at about $143,032,000. Finally, SG Americas Securities LLC increased its position in Scripps Networks Interactive by 16,713.9% in the 4th quarter. SG Americas Securities LLC now owns 1,606,737 shares of the company’s stock valued at $137,183,000 after acquiring an additional 1,597,181 shares during the period. Hedge funds and other institutional investors own 60.08% of the company’s stock.
The stock has a market cap of $11,400.04, a PE ratio of 16.28, a PEG ratio of 3.12 and a beta of 1.40. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19.
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.
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