Scripps Networks Interactive Inc. (NASDAQ:SNI) has received a consensus recommendation of “Hold” from the nineteen research firms that are covering the firm. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $69.18.

A number of equities research analysts have weighed in on SNI shares. Jefferies Group reduced their target price on shares of Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. Evercore ISI lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a report on Wednesday, August 10th. Argus reissued a “buy” rating and set a $100.00 target price on shares of Scripps Networks Interactive in a report on Tuesday, August 16th. Citigroup Inc. reduced their target price on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. Finally, Moffett Nathanson lowered shares of Scripps Networks Interactive from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $71.00 to $52.00 in a report on Tuesday, September 27th.

COPYRIGHT VIOLATION WARNING: “Scripps Networks Interactive Inc. (SNI) Receives $69.18 Average Target Price from Brokerages” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2016/12/01/scripps-networks-interactive-inc-sni-receives-69-18-average-target-price-from-brokerages.html.

In other news, COO Burton F. Jablin sold 7,578 shares of the stock in a transaction dated 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 owns 28,710 shares in the company, valued at $2,088,078.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cynthia J. Scripps sold 95,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $63.17, for a total transaction of $6,001,150.00. Following the completion of the sale, the insider now owns 65,706 shares of the company’s stock, valued at approximately $4,150,648.02. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. raised its position in Scripps Networks Interactive by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,808 shares of the company’s stock valued at $113,000 after buying an additional 51 shares during the last quarter. Huntington National Bank raised its position in Scripps Networks Interactive by 0.8% in the second quarter. Huntington National Bank now owns 6,950 shares of the company’s stock valued at $433,000 after buying an additional 55 shares during the last quarter. World Asset Management Inc raised its position in Scripps Networks Interactive by 0.7% in the second quarter. World Asset Management Inc now owns 9,498 shares of the company’s stock valued at $591,000 after buying an additional 68 shares during the last quarter. Eaton Vance Management raised its position in Scripps Networks Interactive by 0.5% in the second quarter. Eaton Vance Management now owns 14,625 shares of the company’s stock valued at $911,000 after buying an additional 75 shares during the last quarter. Finally, Spero Smith Investment Advisers Inc. OH raised its position in Scripps Networks Interactive by 0.3% in the second quarter. Spero Smith Investment Advisers Inc. OH now owns 29,332 shares of the company’s stock valued at $1,827,000 after buying an additional 85 shares during the last quarter. Institutional investors own 66.99% of the company’s stock.

Shares of Scripps Networks Interactive (NASDAQ:SNI) opened at 69.26 on Monday. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 11.45 and a beta of 1.12. Scripps Networks Interactive has a one year low of $50.81 and a one year high of $73.71. The company’s 50 day moving average is $65.89 and its 200-day moving average is $64.28.

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, topping the Zacks’ consensus estimate of $0.95 by $0.31. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The firm had revenue of $803.10 million for the quarter, compared to analyst estimates of $794.62 million. During the same period in the previous year, the firm posted $1.06 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts expect that Scripps Networks Interactive will post $5.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders 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 yield of 1.44%. Scripps Networks Interactive’s payout ratio is 16.53%.

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.

5 Day Chart for NASDAQ:SNI

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.