Scripps Networks Interactive (SNI) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $1.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.50. The company posted revenue of $892.80 million in the period, compared to analysts expectations of $893.81 million. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS.
Many Wall Street Analysts have commented on Scripps Networks Interactive. Stifel Upgraded Scripps Networks Interactive on Jul 20, 2016 to ” Buy”, Price Target of the shares are set at $75.Scripps Networks Interactive was Downgraded by Citigroup to ” Sell” on May 18, 2016.
Scripps Networks Interactive opened for trading at $66.32 and hit $66.78 on the upside on Monday, eventually ending the session at $66.17, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 15,65,612 shares. Company has a market cap of $8,533 M.
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.