Nomura Securities Maintains a 'Neutral' on Scripps Networks Interactive (SNI); Caution...The 4Q Story Has Dependents
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Price: $90.04 --0%
Rating Summary:
2 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Scripps Networks Interactive (NYSE: SNI) price target of $53.00 (from $51.00).
Analyst, Michael Nathanson, said, "Yesterday, Scripps Networks posted 2Q EPS of $0.93, exceeding our and the Street’s estimates by $0.06. For the year, we are raising EPS estimates to $3.43 (vs. $3.36 prev.) driven by lower taxes (29% vs. 31% previously) and incorporating an accelerated pace for share repurchases of $1bn in 2012 (vs. $850mn prev.). However, we are actually decreasing our 2012E EBITDA growth to 8% (vs. 10% previously) to reflect higher 2H12 non-programming expenses. Flowing through these revisions for 2013, our EPS also rises by $0.07 to $3.92."
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 $56.17 yesterday.
Analyst, Michael Nathanson, said, "Yesterday, Scripps Networks posted 2Q EPS of $0.93, exceeding our and the Street’s estimates by $0.06. For the year, we are raising EPS estimates to $3.43 (vs. $3.36 prev.) driven by lower taxes (29% vs. 31% previously) and incorporating an accelerated pace for share repurchases of $1bn in 2012 (vs. $850mn prev.). However, we are actually decreasing our 2012E EBITDA growth to 8% (vs. 10% previously) to reflect higher 2H12 non-programming expenses. Flowing through these revisions for 2013, our EPS also rises by $0.07 to $3.92."
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 $56.17 yesterday.
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