Wall Street brokerages forecast that Scripps Networks Interactive, Inc (NASDAQ:SNI) will report $0.98 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Scripps Networks Interactive’s earnings. The lowest EPS estimate is $0.85 and the highest is $1.10. Scripps Networks Interactive reported earnings per share of $1.26 in the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full-year earnings of $5.47 per share for the current fiscal year, with EPS estimates ranging from $5.32 to $5.65. For the next financial year, analysts expect that the firm will report earnings of $5.45 per share, with EPS estimates ranging from $4.86 to $5.95. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Scripps Networks Interactive.

Several research analysts recently weighed in on SNI shares. Gabelli reiterated a “buy” rating on shares of Scripps Networks Interactive in a research report on Thursday, July 27th. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $90.00 in a research report on Tuesday, August 1st. J P Morgan Chase & Co upgraded Scripps Networks Interactive to a “neutral” rating and set a $83.00 price objective for the company in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $76.00 price objective on shares of Scripps Networks Interactive in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $83.79.

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In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now directly owns 9,457 shares in the company, valued at $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC boosted its stake in shares of Scripps Networks Interactive by 14.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock valued at $106,000 after buying an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Scripps Networks Interactive during the second quarter valued at about $126,000. Mascoma Wealth Management LLC bought a new stake in shares of Scripps Networks Interactive during the second quarter valued at about $130,000. James Investment Research Inc. bought a new stake in shares of Scripps Networks Interactive during the first quarter valued at about $147,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Scripps Networks Interactive by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,175 shares of the company’s stock valued at $159,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

Scripps Networks Interactive (SNI) opened at 86.22 on Friday. The stock’s 50 day moving average price is $81.24 and its 200 day moving average price is $75.40. Scripps Networks Interactive has a 1-year low of $59.32 and a 1-year high of $88.45. The stock has a market capitalization of $11.19 billion, a PE ratio of 17.79 and a beta of 1.49.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is 24.79%.

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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