Scripps Networks Interactive, Inc. (NASDAQ:SNI) – Equities researchers at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for Scripps Networks Interactive in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings per share of $1.44 for the quarter, up from their previous forecast of $1.31. Jefferies Group also issued estimates for Scripps Networks Interactive’s Q2 2018 earnings at $1.73 EPS, Q3 2018 earnings at $1.07 EPS and FY2020 earnings at $5.71 EPS.
Several other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Cowen reissued a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $86.36.
Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings results on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.17. The business had revenue of $956.12 million during the quarter, compared to analysts’ expectations of $912.81 million. Scripps Networks Interactive had a net margin of 17.52% and a return on equity of 27.56%. During the same quarter in the prior year, the company posted $1.02 EPS.
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th will be given a $0.30 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.34%. Scripps Networks Interactive’s dividend payout ratio is 25.16%.
In other news, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were 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 filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of Scripps Networks Interactive by 4.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,255 shares of the company’s stock worth $222,000 after acquiring an additional 130 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Scripps Networks Interactive by 22.0% in the 4th quarter. First Republic Investment Management Inc. now owns 3,411 shares of the company’s stock worth $291,000 after acquiring an additional 615 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Scripps Networks Interactive by 2.4% in the 3rd quarter. Nationwide Fund Advisors now owns 27,142 shares of the company’s stock worth $2,331,000 after acquiring an additional 634 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Scripps Networks Interactive by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,804 shares of the company’s stock worth $670,000 after acquiring an additional 679 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of Scripps Networks Interactive by 16.7% in the 4th quarter. OppenheimerFunds Inc. now owns 6,595 shares of the company’s stock worth $563,000 after acquiring an additional 943 shares in the last quarter. Institutional investors own 60.08% of the company’s stock.
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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.
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