Scripps Networks Interactive (SNI) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 69 from a previous price target of $64 . MKM Partners advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Scripps Networks Interactive. Scripps Networks Interactive was Resumed by Macquarie to “Neutral” on Apr 26, 2016. RBC Capital Mkts Initiated Scripps Networks Interactive on Apr 8, 2016 to “Sector Perform”, Price Target of the shares are set at $70.
On the company’s financial health, Scripps Networks Interactive reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.04. The company had revenue of $816.90 million for the quarter, compared to analysts expectations of $794.21 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.
Scripps Networks Interactive opened for trading at $63.16 and hit $65.83 on the upside on Friday, eventually ending the session at $65.73, with a gain of 4.23% or 2.67 points. The heightened volatility saw the trading volume jump to 13,98,565 shares. Company has a market cap of $8,460 M.
In a different news, on Mar 7, 2016, Richelle P Parham (director) sold 2,254 shares at $60.05 per share price. According to the SEC, on Feb 26, 2016, Jeffrey Sagansky (director) sold 1,200 shares at $57.76 per share price. On Nov 20, 2015, Michael R Costa (director) sold 5,231 shares at $56.39 per share price, according to the Form-4 filing with the securities and exchange commission.
Scripps Networks Interactive Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks HGTV Food Network Travel Channel DIY Network Cooking Channel and Great American Country. HGTV focuses on decorating interior design home remodeling landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience music performance specials live concerts and country music videos.