Scripps Networks Interactive, Inc (SNI) Releases Earnings Results, Beats Estimates By $0.09 EPS

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.

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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.

Earnings History for Scripps Networks Interactive (NASDAQ:SNI)

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