Scripps Networks Interactive (SNI) is Downgraded by MoffettNathanson to Sell, Lowers Price Target to $ 52

Scripps Networks Interactive (SNI) was Downgraded by MoffettNathanson to ” Sell” while Lowering the Price Target of the company shares to $ 52 from a previous price target of $71 . Earlier the firm had a rating of “Neutral ” on the company shares. MoffettNathanson advised their investors in a research report released on Sep 27, 2016.

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.

On the company’s financial health, Scripps Networks Interactive reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $1.50. The company had revenue of $892.80 million for the quarter, 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.

Scripps Networks Interactive opened for trading at $59.99 and hit $61.695 on the upside on Thursday, eventually ending the session at $61.51, with a gain of 2.83% or 1.69 points. The heightened volatility saw the trading volume jump to 13,41,512 shares. Company has a market cap of $7,938 M.

In a different news, on Sep 13, 2016, Cynthia L Gibson (EVP and CLO) sold 2,238 shares at $62.25 per share price. According to the SEC, on May 17, 2016, Mark S Hale (EVP, Global Operations & CTO) sold 8,118 shares at $64.65 per share price. On Mar 7, 2016, Richelle P Parham (director) sold 2,254 shares at $60.05 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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Scripps Networks Interactive - Is it time to Sell?

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