Zacks: Brokerages Expect Scripps Networks Interactive, Inc. (SNI) Will Announce Quarterly Sales of $912.06 Million

Equities research analysts expect Scripps Networks Interactive, Inc. (NASDAQ:SNI) to announce sales of $912.06 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Scripps Networks Interactive’s earnings. The lowest sales estimate is $905.00 million and the highest is $921.00 million. Scripps Networks Interactive posted sales of $888.70 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is scheduled to report its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Scripps Networks Interactive will report full year sales of $912.06 million for the current financial year, with estimates ranging from $3.51 billion to $3.58 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.62 billion per share, with estimates ranging from $3.57 billion to $3.71 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Scripps Networks Interactive.

Scripps Networks Interactive (NASDAQ:SNI) last released its earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The business had revenue of $825.53 million during the quarter, compared to the consensus estimate of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. During the same quarter in the prior year, the firm posted $1.26 EPS.

A number of research firms have weighed in on SNI. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Royal Bank of Canada set a $90.00 target price on shares of Scripps Networks Interactive and gave the company a “hold” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $85.62.

In related news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total value of $1,585,396.20. Following the transaction, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey Sagansky sold 1,077 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the completion of the transaction, the director now owns 7,520 shares in the company, valued at $598,667.20. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC lifted its stake in Scripps Networks Interactive by 14.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock valued at $106,000 after acquiring an additional 193 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Scripps Networks Interactive during the 2nd quarter valued at $126,000. Valeo Financial Advisors LLC bought a new position in Scripps Networks Interactive during the 3rd quarter valued at $162,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Scripps Networks Interactive during the 3rd quarter valued at $202,000. Finally, Welch & Forbes LLC bought a new position in Scripps Networks Interactive during the 3rd quarter valued at $204,000. Institutional investors own 61.01% of the company’s stock.

Scripps Networks Interactive (SNI) traded down $0.02 during trading hours on Monday, reaching $88.50. 841,000 shares of the company’s stock were exchanged, compared to its average volume of 1,029,638. The firm has a market cap of $11,500.00, a P/E ratio of 18.99, a PEG ratio of 2.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19. Scripps Networks Interactive has a twelve month low of $64.87 and a twelve month high of $88.77.

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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.

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