Scripps Networks Interactive Inc. (NASDAQ:SNI) has received an average rating of “Hold” from the nineteen research firms that are currently covering the stock. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $69.18.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Bank of America Corp. lowered shares of Scripps Networks Interactive from a “neutral” rating to an “underperform” rating and set a $66.00 price objective on the stock. in a report on Thursday, October 27th. Jefferies Group reissued a “hold” rating and set a $67.00 price objective on shares of Scripps Networks Interactive in a report on Tuesday, October 4th. Moffett Nathanson lowered shares of Scripps Networks Interactive from a “neutral” rating to a “sell” rating and cut their price target for the stock from $71.00 to $52.00 in a report on Tuesday, September 27th. Finally, Citigroup Inc. cut their price target on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th.
In other news, major shareholder Eva Scripps Attal sold 500,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.15, for a total transaction of $34,575,000.00. Following the completion of the sale, the insider now owns 319,454 shares of the company’s stock, valued at $22,090,244.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Burton F. Jablin sold 7,578 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $72.73, for a total transaction of $551,147.94. Following the sale, the chief operating officer now directly owns 28,710 shares of the company’s stock, valued at approximately $2,088,078.30. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Accident Compensation Corp boosted its stake in Scripps Networks Interactive by 122.8% in the third quarter. Accident Compensation Corp now owns 10,159 shares of the company’s stock worth $645,000 after buying an additional 5,600 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Scripps Networks Interactive by 0.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 163,650 shares of the company’s stock worth $10,390,000 after buying an additional 910 shares in the last quarter. Delphi Management Inc. MA boosted its stake in Scripps Networks Interactive by 0.7% in the third quarter. Delphi Management Inc. MA now owns 24,642 shares of the company’s stock worth $1,565,000 after buying an additional 178 shares in the last quarter. Credit Suisse AG boosted its stake in Scripps Networks Interactive by 24.4% in the third quarter. Credit Suisse AG now owns 131,980 shares of the company’s stock worth $8,379,000 after buying an additional 25,847 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in Scripps Networks Interactive during the third quarter worth approximately $116,000. 66.99% of the stock is owned by institutional investors and hedge funds.
Scripps Networks Interactive (NASDAQ:SNI) traded down 1.45% during trading on Monday, hitting $69.23. The stock had a trading volume of 305,031 shares. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 11.44 and a beta of 1.12. The firm has a 50 day moving average of $65.70 and a 200-day moving average of $64.28. Scripps Networks Interactive has a 12 month low of $50.81 and a 12 month high of $73.71.
Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.31. The company had revenue of $803.10 million for the quarter, compared to analyst estimates of $794.62 million. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. Scripps Networks Interactive’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. Equities analysts predict that Scripps Networks Interactive will post $5.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. Scripps Networks Interactive’s dividend payout ratio (DPR) is currently 16.53%.