Revenue Update on Scripps Networks Interactive(NYSE:SNI)

Scripps Networks Interactive(NYSE:SNI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $892.77M. Analysts estimated a revenue of $893.46M. Earnings per share were $1.58. Analysts had estimated an EPS of $1.50.

In a different note, On May 18, 2016, Citigroup said it Downgrades 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 ‘Sell’ by the firm.

Scripps Networks Interactive (SNI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.69% or 0.44 points. Due to strong positive momentum, the stock ended at $64.21, which is also near the day’s high of $64.255. The stock began the session at $63.59 and the volume stood at 10,47,190 shares. The 52-week high of the shares is $68.44 and the 52 week low is $47.62. The company has a current market capitalization of $8,286 M and it has 12,90,47,351 shares in outstanding.

Scripps Networks Interactive has also declared a cash dividend of $0.2500 on Aug 4, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed on Aug 31, 2016. The dividend payable date has been fixed on Sep 10, 2016.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Jimmy R. Scripps (10% owner) sold 400,000 shares at $62.29 per share price.Also, On May 17, 2016, Mark S Hale (EVP, Global Operations & CTO) sold 8,118 shares at $64.65 per share price.On May 11, 2016, Gerald J. Scripps (10% owner) sold 20,513 shares at $66.14 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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