UBS Revises Estimates on Scripps Networks Interactive (SNI); Tweaking Ad Growth and Raising EPS
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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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UBS maintains a 'Neutral' on Scripps Networks Interactive (NYSE: SNI) price target of $61.00 (from $55.00).
Analyst, John Janedis, said, "We're tweaking our estimates higher following management’s presentation focused on 1) recovery in scatter and ratings following the Olympics; 2) near term opportunities with distribution partners that will including digital rights/TV everywhere as well as opportunities with SVODs; 3) Focus on capital allocation and the balance between share repurchases and investments, and 4) International areas of interest."
UBS raises Q3 EPS/Revenue from $0.67/$546M to $0.70/$551M. FY12 from $3.31/$2.291B to $3.32/$2.296B.
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 $61.52 yesterday.
Analyst, John Janedis, said, "We're tweaking our estimates higher following management’s presentation focused on 1) recovery in scatter and ratings following the Olympics; 2) near term opportunities with distribution partners that will including digital rights/TV everywhere as well as opportunities with SVODs; 3) Focus on capital allocation and the balance between share repurchases and investments, and 4) International areas of interest."
UBS raises Q3 EPS/Revenue from $0.67/$546M to $0.70/$551M. FY12 from $3.31/$2.291B to $3.32/$2.296B.
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 $61.52 yesterday.
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