Zacks’ analyst wrote, “We reaffirm our long-term Neutral recommendation on Scripps Networks following its strong financial results in the first quarter of 2012. Both top- and bottom-line beat the Zacks Consensus Estimates. Scripps Networks is generating solid growth in advertising and affiliate-fee revenue at its flagship Lifestyle Media businesses and higher segment profits. We believe both advertising revenue and affiliate fee revenue will remain healthy in the near future. Successful integration of the U.S. and the U.K. based Travel Channels, re-branding of the FLN channel as Cooking Channel, and the divestment of the struggling Shopzilla networks will help the company to maintain its future growth. Partial acquisition of UKTV may also become a catalyst in the future. However, we remain concerned that the U.S. economy is still not fully out of the woods. If the U.S. fails to maintain its recovery momentum, Scripps Networks will suffer. “
Several other analysts have also recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Scripps Networks Interactive in a research note to investors on Thursday, May 24th. They set an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Scripps Networks Interactive in a research note to investors on Friday, May 4th. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Scripps Networks Interactive in a research note to investors on Friday, May 4th.
Scripps Networks Interactive traded up 1.49% on Wednesday, hitting $54.58. Scripps Networks Interactive has a 52-week low of $33.82 and a 52-week high of $55.35. The company has a market cap of $8.294 billion and a price-to-earnings ratio of 20.50.
Scripps Networks Interactive last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Scripps Networks Interactive will post $0.74 earnings per share next quarter.
Scripps Networks Interactive, Inc. (SNI) is a lifestyle content company with television and interactive brands.