Analysts Set Scripps Networks Interactive, Inc. (SNI) Price Target at $86.36

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $86.36.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Friday, February 2nd.

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Scripps Networks Interactive stock opened at $90.04 on Friday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 0.81. Scripps Networks Interactive has a fifty-two week low of $64.87 and a fifty-two week high of $93.58.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings data on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.17. The firm had revenue of $956.12 million for the quarter, compared to analysts’ expectations of $912.81 million. Scripps Networks Interactive had a net margin of 17.52% and a return on equity of 26.63%. During the same quarter last year, the company posted $1.02 EPS. equities analysts expect that Scripps Networks Interactive will post 5.61 earnings per share for the current year.

In related news, Director Ronald W. Tysoe sold 5,873 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.90, for a total transaction of $527,982.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lori A. Hickok sold 125,128 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $89.71, for a total transaction of $11,225,232.88. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. bought a new stake in Scripps Networks Interactive in the 4th quarter worth $111,000. Financial Gravity Companies Inc. bought a new stake in Scripps Networks Interactive in the 4th quarter worth $129,000. Cerebellum GP LLC bought a new stake in Scripps Networks Interactive in the 4th quarter worth $133,000. Slow Capital Inc. bought a new stake in Scripps Networks Interactive in the 4th quarter worth $163,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Scripps Networks Interactive in the 4th quarter worth $230,000. 62.59% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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