The Scripps Networks Interactive, Inc. (SNI) Expected to Announce Quarterly Sales of $945.79 Million

The Scripps Networks Interactive, Inc. (SNI) Expected to Announce Quarterly Sales of $945.79 Million

On average, analysts expect that Scripps Networks Interactive will report full-year sales of $945.79 million for the current financial year, with estimates ranging from $3.58 billion to $3.61 billion. For the next year, analysts expect that the firm will post sales of $3.75 billion per share, with estimates ranging from $3.73 billion to $3.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Scripps Networks Interactive.

Analysts expect that Scripps Networks Interactive, Inc. (NASDAQ:SNI) will report $945.79 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Scripps Networks Interactive’s earnings, with the highest sales estimate coming in at $955.40 million and the lowest estimate coming in at $936.40 million. Scripps Networks Interactive reported sales of $892.77 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is scheduled to announce its next earnings report on Tuesday, August 8th.

Scripps Networks Interactive (NASDAQ:SNI) last released its earnings results on Thursday, May 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.35. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The firm had revenue of $855 million during the quarter, compared to the consensus estimate of $856.98 million. During the same period in the previous year, the firm earned $1.37 earnings per share. Scripps Networks Interactive’s revenue was up 4.7% compared to the same quarter last year. A number of equities analysts have recently weighed in on SNI shares. Needham & Company LLC upped their target price on Scripps Networks Interactive from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 22nd. Royal Bank of Canada upped their target price on Scripps Networks Interactive from $70.00 to $87.00 and gave the company a “sector perform” rating in a report on Wednesday, February 22nd. Guggenheim reiterated a “neutral” rating and issued a $82.00 target price on shares of Scripps Networks Interactive in a report on Wednesday, February 22nd. Stifel Nicolaus increased their price objective on Scripps Networks Interactive from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Wednesday, February 22nd. Finally, Zacks Investment Research downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $77.42.

In other Scripps Networks Interactive news, major shareholder Edward W. Scripps sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the completion of the sale, the insider now owns 232,071 shares of the company’s stock, valued at $15,539,474.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jimmy R. Scripps sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $77.94, for a total value of $7,794,000.00. Following the sale, the insider now directly owns 473,706 shares of the company’s stock, valued at approximately $36,920,645.64. The disclosure for this sale can be found here. Insiders have sold 670,910 shares of company stock valued at $48,555,764 in the last ninety days. Company insiders own 2.30% of the company’s stock. Large investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB bought a new stake in shares of Scripps Networks Interactive during the third quarter worth about $1,692,000. The Manufacturers Life Insurance Company bought a new stake in shares of Scripps Networks Interactive during the third quarter worth about $25,515,000. Virtus Investment Advisers Inc. bought a new stake in shares of Scripps Networks Interactive during the third quarter worth about $157,000. Private Management Group Inc. bought a new stake in shares of Scripps Networks Interactive during the third quarter worth about $11,730,000. Finally, HighTower Advisors LLC boosted its stake in shares of Scripps Networks Interactive by 126.3% in the third quarter. HighTower Advisors LLC now owns 399,933 shares of the company’s stock worth $25,397,000 after buying an additional 223,231 shares during the last quarter. 66.76% of the stock is owned by hedge funds and other institutional investors.

Scripps Networks Interactive (NASDAQ:SNI) traded down 1.35% during midday trading on Thursday, reaching $65.94. 929,235 shares of the company were exchanged. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 14.74 and a beta of 1.16. Scripps Networks Interactive has a 52-week low of $58.73 and a 52-week high of $83.42. The firm’s 50-day moving average price is $70.50 and its 200 day moving average price is $74.08. The business also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.20 dividend on an annualized basis and a yield of 1.82%. Scripps Networks Interactive’s payout ratio is currently 16.53%.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SNI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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