Scripps Networks Interactive (SNI) is Upgraded by Stifel to Buy, Price Target at $75

Scripps Networks Interactive (SNI) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $75. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Jul 20, 2016.

Many Wall Street Analysts have commented on Scripps Networks Interactive. Scripps Networks Interactive was Downgraded by Citigroup to ” Sell” on May 18, 2016. Company shares were Reiterated by MKM Partners on May 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 69 from a previous price target of $64 .Scripps Networks Interactive was Resumed by Macquarie to “Neutral” on Apr 26, 2016.

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 closed down -0.28 points or -0.42% at $65.83 with 4,56,190 shares getting traded on Monday. Post opening the session at $66.02, the shares hit an intraday low of $65.72 and an intraday high of $67.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 17, 2016, Mark S Hale (EVP, Global Operations & CTO) sold 8,118 shares at $64.65 per share price. According to the SEC, on Mar 7, 2016, Richelle P Parham (director) sold 2,254 shares at $60.05 per share price. On Feb 26, 2016, Jeffrey Sagansky (director) sold 1,200 shares at $57.76 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.

Scripps Networks Interactive

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