Moffett Nathanson Downgrades Scripps Networks Interactive to Sell

Brokerage firm Moffett Nathanson Downgrades its rating on Scripps Networks Interactive(NASDAQ:SNI). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Moffett Nathanson was issued on Sep 27, 2016.

In a different note, On Aug 11, 2016, Evercore ISI Group said it Downgrades its rating on Scripps Networks Interactive. The shares have been rated ‘Hold’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on Scripps Networks Interactive. In the research note, the firm Lowers the price-target to $69.00 per share. The shares have been rated ‘Hold’ by the firm.

Scripps Networks Interactive (SNI) shares turned negative on Fridays trading session with the shares closing down -0.45 points or -0.70% at a volume of 10,29,550. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $64.24. The peak price level was also seen at $64.24 while the days lowest was $63.385. Finally the shares closed at $63.49. The 52-week high of the shares is $68.44 while the 52-week low is $47.72. According to the latest information available, the market cap of the company is $8,193 M.

Scripps Networks Interactive(SNI) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $892.77M. Analysts had an estimated revenue of $893.46M. Earnings per share were $1.58. Analysts had estimated an EPS of $1.50.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2016, Eaton M Scripps (director 10% owner) purchased 645,979 shares at $74.71 per share price.Also, On Sep 19, 2016, Julia Scripps Heidt (10% owner) sold 152,863 shares at $60.65 per share price.On Sep 13, 2016, Edward W Scripps (10% owner) sold 45,190 shares at $62.54 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.

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