Scripps Networks Interactive Reports In-line Earnings, Jefferies Maintains Hold (SNI)

Scripps Networks Interactive SNI reported EPS of $0.59, one cent above consensus. Revenues increased 31.9% to $516 million. Advertising revenue increased 13%. Scripps is rated Hold by Jefferies with a price target of $43.00. The analysts said, "We derive our $43 PT using multiple valuation techniques, including SOP and DCF analysis. SNT trades at 9.9x '10 EBITDA, 20.2x EPS and 19.8x FCF. Recognizing the strength of Scripps' lifestyle programming, we believe shares currently reflect these strong cable nets market position." Shares are currently trading at $44.44.