Scripps Networks (SNI) Declares $0.23 Quarterly Dividend; 1.6% Yield

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Go back to Scripps Networks (SNI) Declares $0.23 Quarterly Dividend; 1.6% Yield

Macquarie Ups Scripp (SNI) PT on Earnings Beat

November 12, 2015 8:47 AM EST

Macquarie analyst, Amy Yong, raised her price target on Scripps (NYSE: SNI) to account for earnings upside in the quarter. The new target is $61, up from $55. No change to Neutral rating.

Scripps' 70/30 ad/affiliate mix as well as ratings improvements resulted in encouraging 5%+ ad growth. Its lifestyle franchise has a loyal demo where 90%+ viewership is... More