Nomura Securities Maintains a 'Neutral' on Scripps Networks (SNI); They Beat and We Raise
Tweet Send to a FriendGet Alerts SNI Hot Sheet
Price: $67.93 --0%
Rating Summary:
4 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
4 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Trade SNI Now!
Nomura Securities maintains a 'Neutral' on Scripps Networks Interactive (NYSE: SNI) price target raised from $47 to $53.
Analyst, Michael Nathanson, said, "Scripps Networks posted 1Q EPS of $0.73, far exceeding what we and the Street had modeled and representing the biggest beat since 3Q10. We are raising 2012 EPS estimates from $3.18 to $3.40 and 2013 from $3.55 to $3.90 to incorporate stronger affiliate fee revenues, advertising forecasts and share repurchases. We believe the stock is trading at fair value."
For an analyst ratings summary and ratings history on Scripps Networks Interactive click here. For more ratings news on Scripps Networks Interactive click here.
Shares of Scripps Networks Interactive closed at $54.53 yesterday, with a 52 week range of $33.82-$55.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Michael Nathanson, said, "Scripps Networks posted 1Q EPS of $0.73, far exceeding what we and the Street had modeled and representing the biggest beat since 3Q10. We are raising 2012 EPS estimates from $3.18 to $3.40 and 2013 from $3.55 to $3.90 to incorporate stronger affiliate fee revenues, advertising forecasts and share repurchases. We believe the stock is trading at fair value."
For an analyst ratings summary and ratings history on Scripps Networks Interactive click here. For more ratings news on Scripps Networks Interactive click here.
Shares of Scripps Networks Interactive closed at $54.53 yesterday, with a 52 week range of $33.82-$55.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- UPDATE: Global Equities Starts Tesla Motors (TSLA) at Overweight
- Goldman Sachs Downgrades Palo Alto Networks (PANW) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Nomura
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
