Positive News Coverage Very Likely to Affect Scripps Networks Interactive (SNI) Stock Price
News articles about Scripps Networks Interactive (NASDAQ:SNI) have been trending positive on Thursday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scripps Networks Interactive earned a media sentiment score of 0.36 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 81 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Boston Advisors LLC Reduces Position in Scripps Networks Interactive, Inc (NASDAQ:SNI) (wobko.net)
- Corporate News Blog – Discovery Acquires Scripps Networks to Reach a Wider International Audience and Expand Content Offerings (finance.yahoo.com)
- [$$] Discovery-Scripps Deal Channels Diversity, Risks (finance.yahoo.com)
- The Law Offices of Vincent Wong Notifies Investors of an Investigation into Possible Breaches of Fiduciary Duty by the Board of Scripps Networks Interactive, Inc. in Connection with the Sale of the Company to Discovery Communications, Inc. (finance.yahoo.com)
- Scripps Networks Interactive, Inc (NASDAQ:SNI) Earns Neutral Rating from UBS AG (americanbankingnews.com)
A number of brokerages recently weighed in on SNI. Jefferies Group LLC reaffirmed a “hold” rating and issued a $76.00 price target on shares of Scripps Networks Interactive in a research note on Monday, May 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $76.00 target price on shares of Scripps Networks Interactive in a research note on Monday, May 15th. UBS AG reissued a “neutral” rating and issued a $90.00 target price (up from $83.00) on shares of Scripps Networks Interactive in a research note on Tuesday. J P Morgan Chase & Co raised shares of Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 target price on the stock in a research note on Friday, May 5th. Finally, Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.47.
Shares of Scripps Networks Interactive (NASDAQ:SNI) traded up 0.09% during trading on Thursday, hitting $88.05. 4,661,780 shares of the company were exchanged. The company’s 50-day moving average price is $71.91 and its 200 day moving average price is $73.93. Scripps Networks Interactive has a 12 month low of $59.32 and a 12 month high of $88.45. The stock has a market cap of $8.45 billion, a P/E ratio of 19.70 and a beta of 1.48.
Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings data on Thursday, May 4th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.18 by $0.35. The company had revenue of $855 million during the quarter, compared to the consensus estimate of $856.98 million. Scripps Networks Interactive had a return on equity of 30.71% and a net margin of 16.94%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. On average, equities analysts predict that Scripps Networks Interactive will post $5.49 earnings per share for the current fiscal year.
In other news, major shareholder Margaret Scripps Klenzing sold 46,466 shares of Scripps Networks Interactive stock in a transaction on Monday, May 8th. The stock was sold at an average price of $71.01, for a total transaction of $3,299,550.66. Following the completion of the sale, the insider now owns 10,013 shares of the company’s stock, valued at $711,023.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction on Friday, May 26th. The stock was sold at an average price of $66.96, for a total value of $20,088,000.00. Following the sale, the insider now directly owns 232,071 shares of the company’s stock, valued at approximately $15,539,474.16. The disclosure for this sale can be found here. Insiders have sold a total of 376,466 shares of company stock valued at $25,477,051 in the last ninety days. Insiders own 2.50% of the company’s stock.
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.
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