Scripps Networks Interactive, Inc. (SNI) Receives $86.36 Consensus Price Target from Brokerages

Scripps Networks Interactive, Inc. (NASDAQ:SNI) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the stock, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $86.36.

Several brokerages recently issued reports on SNI. BidaskClub raised Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. Cowen reissued a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a research note on Monday, February 5th. Finally, Zacks Investment Research raised Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Friday, February 2nd.

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Shares of SNI stock remained flat at $$90.04 on Wednesday. The company has a market cap of $11,690.00, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 3.17 and a beta of 1.31. Scripps Networks Interactive has a 12-month low of $64.87 and a 12-month high of $93.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.05 and a current ratio of 3.05.

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

The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.33%. The ex-dividend date was Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio is presently 22.35%.

In other news, CFO Lori A. Hickok sold 125,128 shares of Scripps Networks Interactive stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.71, for a total value of $11,225,232.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,873 shares of Scripps Networks Interactive stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.90, for a total value of $527,982.70. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Scripps Networks Interactive by 3.2% in the 4th quarter. BlackRock Inc. now owns 5,789,898 shares of the company’s stock worth $494,342,000 after purchasing an additional 178,104 shares during the period. Pentwater Capital Management LP purchased a new position in shares of Scripps Networks Interactive in the 3rd quarter worth approximately $310,922,000. Cowen Inc. purchased a new position in shares of Scripps Networks Interactive in the 3rd quarter worth approximately $223,568,000. Magnetar Financial LLC purchased a new position in shares of Scripps Networks Interactive in the 3rd quarter worth approximately $149,660,000. Finally, Alpine Associates Management Inc. purchased a new position in shares of Scripps Networks Interactive in the 3rd quarter worth approximately $143,032,000. Hedge funds and other institutional investors own 62.59% of the company’s stock.

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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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