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SNI

Scripps Networks

$86.91

0.5 (0.58%)

06:50
07/31/17
07/31
06:50
07/31/17
06:50

Scripps Networks cuts FY17 revenue growth view to about 4% from about 6%

FY17 consensus $3.59B. "As a result of the ratings and impression softness in the U.S. market, we now expect 2017 revenue growth to be approximately 4%, down from the previously issued growth of approximately 6%. Additionally, as a result of our anticipated revenue growth, offset by increased programming, selling, general and administrative expenses, we now expect segment profit to be approximately flat for the year, down from the previously issued growth of approximately 3%. All our other guidance remains unchanged."

  • 09

    Aug

SNI Scripps Networks
$86.91

0.5 (0.58%)

07/26/17
WELS
07/26/17
NO CHANGE
WELS
Scripps Networks could be acquired for $91-$95 per share, says Wells Fargo
After the Wall Street Journal reported that Discovery (DISCA) and Viacom (VIAB) are interested in buying Scripps' (SNI) assets, Wells Fargo estimates that Scripps could be acquired for $91-$95 per share. The firm believes that the acquirer or acquirers could realize a total of about $175M of non-programming expense synergies. It keeps a Market Perform rating on Scripps.
07/25/17
NEED
07/25/17
NO CHANGE
NEED
Hold
Needham likes Scripps Networks best as Discovery merger partner
Needham analyst Laura Martin believes Discovery (DISCA) will decide to protect its U.S. asset value rather than exit, and likes Scripps Networks (SNI) best as a merger partner for the company. The analyst reiterates a Hold rating on Discovery's shares.
07/20/17
07/20/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with a Neutral at Citi. 2. Johnson & Johnson (JNJ) reinstated with an Outperform at Credit Suisse. 3. Tile Shop (TTS) initiated with a Hold at Loop Capital. 4. Spring Bank Pharmaceuticals (SBPH) initiated with an Overweight at Cantor. 5. Discovery (DISCA) and Scripps Networks (SNI) were initiated with a Market Perform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/20/17
WELS
07/20/17
INITIATION
WELS
Market Perform
Scripps Networks initiated with a Market Perform at Wells Fargo
Wells Fargo started coverage of Scripps with an $82 price target and a Market Perform rating. The firm says the company has a number of strengths, including "very low affiliate fees, extremely high engagement, an educated female audience," better ratings than peers and continued ad revenue growth of around 5%. However, the firm says it doesn't necessarily believe that Discovery (DISCA) is "the right partner" for Scripps, and "it's tough to get overly excited" about Scripps at the current stock price.

TODAY'S FREE FLY STORIES

UDN

PowerShares DB US Dollar Index Down

$22.23

0.1881 (0.85%)

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TEVA

Teva

$13.48

0.15 (1.13%)

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BASFY

BASF

$27.39

-0.13 (-0.47%)

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RBS

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$7.30

-0.04 (-0.54%)

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  • 24

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DE

Deere

$145.25

6.02 (4.32%)

09:53
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Upgrade
Deutsche Bank gets off sidelines, upgrades Deere shares to Buy »

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  • 28

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FX Action: The USD index (DXY) logged a one-month low »

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TSLA

Tesla

$312.60

-5.21 (-1.64%)

08:08
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  • 16

    Jan

TSLA

Tesla

$312.60

-5.21 (-1.64%)

08:07
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  • 16

    Jan

GSK

GlaxoSmithKline

$35.06

0.25 (0.72%)

, INVA

Innoviva

$13.42

0.01 (0.07%)

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$35.06

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INVA

Innoviva

$13.42

0.01 (0.07%)

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SVM

Silvercorp Metals

$2.51

-0.07 (-2.71%)

07:52
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CEL

Cellcom Israel

$10.00

-0.1 (-0.99%)

07:49
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GASS

StealthGas

$4.07

0.36 (9.70%)

07:06
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CPRT

Copart

$41.01

4.31 (11.74%)

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  • 19

    Dec

DE

Deere

$145.25

6.02 (4.32%)

06:56
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  • 28

    Nov

DE

Deere

$145.25

6.02 (4.32%)

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