Scripps Networks Interactive, Inc (NASDAQ:SNI) announced its quarterly earnings results on Wednesday. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.96 by $0.09, Bloomberg Earnings reports. The business had revenue of $825.53 million for the quarter, compared to analysts’ expectations of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 28.37%. During the same quarter in the previous year, the company earned $1.26 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.48%. Scripps Networks Interactive’s dividend payout ratio (DPR) is 18.20%.
A number of analysts have recently weighed in on SNI shares. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $66.00 to $90.00 in a report on Tuesday, August 1st. Royal Bank Of Canada boosted their target price on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Argus downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, UBS AG restated a “neutral” rating and issued a $90.00 target price (up from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.62.
COPYRIGHT VIOLATION NOTICE: “Scripps Networks Interactive, Inc (SNI) Releases Earnings Results, Beats Estimates By $0.09 EPS” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/11/03/scripps-networks-interactive-inc-sni-releases-earnings-results-beats-estimates-by-0-09-eps.html.
In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the sale, the director now directly owns 9,457 shares in the company, valued at $830,608.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.
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.
What are top analysts saying about Scripps Networks Interactive Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Scripps Networks Interactive Inc and related companies.