Morgan Stanley Raises Scripps Networks Interactive EPS Estimates (SNI)
Equities researchers at Morgan Stanley (NYSE: MS) increased their earnings per share (EPS) estimates on shares of Scripps Networks Interactive (NYSE: SNI) in a report issued on Friday. The firm currently has an “equal weight” rating and a $58.00 price target on the company’s shares.
Scripps Networks Interactive traded down 0.52% on Friday, hitting $53.93. Scripps Networks Interactive has a 1-year low of $33.82 and a 1-year high of $52.37. The company has a market cap of $8.210 billion and a price-to-earnings ratio of 20.67.
Scripps Networks Interactive last released its earnings data on Thursday, May 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Scripps Networks Interactive will post $0.75 EPS next quarter.
A number of other analysts have also recently weighed in on SNI. Analysts at MKM Partners raised their price target on shares of Scripps Networks Interactive from $49.00 to $60.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Scripps Networks Interactive from $53.00 to $55.00 in a research note to investors on Friday, April 13rd. They now have a “buy” rating on the stock. Finally, analysts at Citigroup (NYSE: C) downgraded shares of Scripps Networks Interactive from a “buy” rating to a “neutral” rating in a research note to investors on Monday, April 9th.
Scripps Networks Interactive, Inc. (SNI) is a lifestyle content and interactive services company with television and interactive brands.