Burton F. Jablin Sells 7,578 Shares of Scripps Networks Interactive Inc. (SNI) Stock
Scripps Networks Interactive Inc. (NASDAQ:SNI) COO Burton F. Jablin sold 7,578 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $72.73, for a total value of $551,147.94. Following the completion of the sale, the chief operating officer now directly owns 28,710 shares in the company, valued at approximately $2,088,078.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Scripps Networks Interactive Inc. (NASDAQ:SNI) opened at 71.67 on Thursday. Scripps Networks Interactive Inc. has a 1-year low of $50.81 and a 1-year high of $73.71. The firm has a market cap of $9.25 billion, a P/E ratio of 11.84 and a beta of 1.12. The firm has a 50-day moving average of $64.56 and a 200 day moving average of $63.98.
Scripps Networks Interactive (NASDAQ:SNI) last posted its earnings results on Monday, November 7th. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.31. The business had revenue of $803.10 million for the quarter, compared to analyst estimates of $794.62 million. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 EPS. On average, analysts predict that Scripps Networks Interactive Inc. will post $5.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. Scripps Networks Interactive’s payout ratio is 16.53%.
A number of analysts have issued reports on SNI shares. Stifel Nicolaus raised Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, July 20th. Jefferies Group cut their price objective on Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, August 10th. Evercore ISI lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research report on Wednesday, August 10th. Argus reaffirmed a “buy” rating and set a $100.00 price objective on shares of Scripps Networks Interactive in a research report on Tuesday, August 16th. Finally, Citigroup Inc. cut their price objective on Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Scripps Networks Interactive has an average rating of “Hold” and an average price target of $68.73.
Institutional investors have recently bought and sold shares of the stock. Boston Partners raised its position in Scripps Networks Interactive by 2,097.4% in the second quarter. Boston Partners now owns 1,407,636 shares of the company’s stock valued at $87,653,000 after buying an additional 1,343,577 shares during the last quarter. Schroder Investment Management Group raised its position in Scripps Networks Interactive by 95.2% in the second quarter. Schroder Investment Management Group now owns 2,148,028 shares of the company’s stock valued at $133,758,000 after buying an additional 1,047,600 shares during the last quarter. Wellington Management Group LLP raised its position in Scripps Networks Interactive by 144.7% in the first quarter. Wellington Management Group LLP now owns 1,068,220 shares of the company’s stock valued at $69,969,000 after buying an additional 631,753 shares during the last quarter. Morgan Stanley raised its position in Scripps Networks Interactive by 106.8% in the third quarter. Morgan Stanley now owns 917,578 shares of the company’s stock valued at $58,257,000 after buying an additional 473,775 shares during the last quarter. Finally, Capital International Investors raised its position in Scripps Networks Interactive by 26.7% in the third quarter. Capital International Investors now owns 1,927,750 shares of the company’s stock valued at $122,393,000 after buying an additional 406,250 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.
About Scripps Networks Interactive
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country.
Receive News & Stock Ratings for Scripps Networks Interactive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc. and related stocks with our FREE daily email newsletter.