Scripps Networks Interactive, Inc. (SNI) Director Michael R. Costa Sells 18,955 Shares

Scripps Networks Interactive, Inc. (NASDAQ:SNI) Director Michael R. Costa sold 18,955 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the sale, the director now directly owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Scripps Networks Interactive, Inc. (NASDAQ SNI) traded up $0.08 during midday trading on Thursday, reaching $83.85. The company’s stock had a trading volume of 861,200 shares, compared to its average volume of 1,608,544. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90. The firm has a market cap of $10,882.98, a P/E ratio of 15.54, a PEG ratio of 2.12 and a beta of 1.45. Scripps Networks Interactive, Inc. has a 12-month low of $64.87 and a 12-month high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.09. The firm had revenue of $825.53 million for the quarter, compared to the consensus estimate of $838.63 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same quarter in the previous year, the company earned $1.26 EPS. research analysts forecast that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.20 annualized dividend and a yield of 1.43%. Scripps Networks Interactive’s payout ratio is presently 12.85%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. raised its holdings in Scripps Networks Interactive by 1.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after buying an additional 32 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Scripps Networks Interactive by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock valued at $487,000 after acquiring an additional 39 shares in the last quarter. Empirical Finance LLC grew its stake in Scripps Networks Interactive by 0.4% during the 2nd quarter. Empirical Finance LLC now owns 15,224 shares of the company’s stock valued at $1,040,000 after acquiring an additional 56 shares in the last quarter. Choate Investment Advisors grew its stake in Scripps Networks Interactive by 1.6% during the 2nd quarter. Choate Investment Advisors now owns 4,470 shares of the company’s stock valued at $305,000 after acquiring an additional 70 shares in the last quarter. Finally, Sawtooth Solutions LLC grew its stake in Scripps Networks Interactive by 3.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,207 shares of the company’s stock valued at $219,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 60.86% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. Cowen reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Scripps Networks Interactive in a report on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. Morgan Stanley boosted their price target on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 24th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $85.62.

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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.

Insider Buying and Selling by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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