NYSE:MDP

Meredith Stock Forecast, Price & News

$41.03
-0.12 (-0.29 %)
(As of 06/24/2021 04:26 PM ET)
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Today's Range
$40.50
$41.30
50-Day Range
$30.40
$42.66
52-Week Range
$10.75
$43.15
Volume155,438 shs
Average Volume496,736 shs
Market Capitalization$1.87 billion
P/E Ratio24.28
Dividend YieldN/A
Beta2.35
30 days | 90 days | 365 days | Advanced Chart
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About Meredith

Meredith Corporation operates as a diversified media company primarily in the United States. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. It publishes media in entertainment, food, lifestyle, parenting, and home categories, such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Shape, Southern Living, Martha Stewart Living, and other brands, as well as 300 special interest publications under approximately 70 brands. This segment operates approximately 50 Websites and applications. It is also involved in the brand licensing, affinity marketing, third-party marketing, consumer database, and other related operations, as well as provision of magazine advertising and circulation, digital and customer relationship marketing, other custom publishing project, and ancillary products and services. In addition, this segment operates The Foundry 360, a creative content studio, which develops content marketing programs across various platforms comprising native advertising that enable clients to engage new consumers and build long-term relationships with existing customers for a range of industries. The Local Media segment operates approximately 17 television stations that include 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. It also includes 12 Websites and 12 applications focused on news, sports, and weather-related information. In addition, this segment sells geographic and demographic-targeted digital and print advertising programs to third parties. The company was founded in 1902 and is headquartered in Des Moines, Iowa.

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MarketRank

Overall MarketRank

1.18 out of 5 stars

Consumer Staples Sector

141st out of 312 stocks

Periodicals Industry

1st out of 4 stocks

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Meredith (NYSE:MDP) Frequently Asked Questions

Is Meredith a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Meredith stock.
View analyst ratings for Meredith
or view top-rated stocks.

What stocks does MarketBeat like better than Meredith?

Wall Street analysts have given Meredith a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Meredith wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Meredith's next earnings date?

Meredith is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for Meredith
.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) announced its quarterly earnings data on Thursday, April, 29th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.21. The firm earned $664.50 million during the quarter, compared to the consensus estimate of $671.61 million. Meredith had a net margin of 9.62% and a trailing twelve-month return on equity of 45.09%. The firm's revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS.
View Meredith's earnings history
.

How has Meredith's stock price been impacted by COVID-19 (Coronavirus)?

Meredith's stock was trading at $22.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MDP stock has increased by 84.7% and is now trading at $41.14.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for MDP?

2 Wall Street analysts have issued 1 year price objectives for Meredith's stock. Their forecasts range from $28.00 to $38.00. On average, they expect Meredith's stock price to reach $33.00 in the next year. This suggests that the stock has a possible downside of 19.8%.
View analysts' price targets for Meredith
or view top-rated stocks among Wall Street analysts.

Who are Meredith's key executives?

Meredith's management team includes the following people:
  • Mr. Thomas H. Harty, Chairman, Pres & CEO (Age 58, Pay $1.75M)
  • Mr. Jason M. Frierott, Chief Financial Officer (Age 47, Pay $1.6M)
  • Mr. John S. Zieser Esq., Chief Devel. Officer, Gen. Counsel & Sec. (Age 62, Pay $1.18M)
  • Mr. Patrick J. McCreery, Pres of Local Media Group (Age 50, Pay $867.35k)
  • Mr. Mike Lovell, Investor Relations Director
  • Ms. Erica Jensen, Sr. VP & Chief Communications Officer
  • Mr. Michael Brownstein, Chief Revenue Officer and Exec. VP of Corp. Sales & Marketing
  • Ms. Nancy Weber, Exec. VP of Marketing & Integrated Communications
  • Ms. Dina Nathanson, Sr. VP of HR
  • Mr. Matthew J. Petersen, Sr. VP of The Foundry & Strategic Content (Age 56)

What is Steve Lacy's approval rating as Meredith's CEO?

231 employees have rated Meredith CEO Steve Lacy on Glassdoor.com. Steve Lacy has an approval rating of 78% among Meredith's employees.

Who are some of Meredith's key competitors?

What other stocks do shareholders of Meredith own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meredith investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Exxon Mobil (XOM), Cisco Systems (CSCO), Chevron (CVX), Energy Transfer (ET), Pfizer (PFE), Gilead Sciences (GILD) and Altria Group (MO).

What is Meredith's stock symbol?

Meredith trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDP."

Who are Meredith's major shareholders?

Meredith's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.80%), Select Equity Group L.P. (6.03%), Dimensional Fund Advisors LP (4.57%), Healthcare of Ontario Pension Plan Trust Fund (3.13%), Geode Capital Management LLC (1.43%) and Northern Trust Corp (1.43%). Company insiders that own Meredith stock include Donald C Berg, Elizabeth E Tallett, Patrick Mccreery, Steven M Cappaert and Thomas H Harty.
View institutional ownership trends for Meredith
.

Which institutional investors are selling Meredith stock?

MDP stock was sold by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Morgan Stanley, JPMorgan Chase & Co., Squarepoint Ops LLC, Millennium Management LLC, Royce & Associates LP, Northern Trust Corp, and Gamco Investors INC. ET AL.
View insider buying and selling activity for Meredith
or view top insider-selling stocks.

Which institutional investors are buying Meredith stock?

MDP stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Scion Asset Management LLC, Assenagon Asset Management S.A., Dimensional Fund Advisors LP, Geode Capital Management LLC, Pacer Advisors Inc., and Renaissance Technologies LLC. Company insiders that have bought Meredith stock in the last two years include Donald C Berg, Elizabeth E Tallett, Patrick Mccreery, Steven M Cappaert, and Thomas H Harty.
View insider buying and selling activity for Meredith
or or view top insider-buying stocks.

How do I buy shares of Meredith?

Shares of MDP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Meredith's stock price today?

One share of MDP stock can currently be purchased for approximately $41.14.

How much money does Meredith make?

Meredith has a market capitalization of $1.88 billion and generates $2.85 billion in revenue each year. The company earns $-234,300,000.00 in net income (profit) each year or $1.54 on an earnings per share basis.

How many employees does Meredith have?

Meredith employs 5,290 workers across the globe.

What is Meredith's official website?

The official website for Meredith is www.meredith.com.

Where are Meredith's headquarters?

Meredith is headquartered at 1716 LOCUST ST, DES MOINES IA, 50309.

How can I contact Meredith?

Meredith's mailing address is 1716 LOCUST ST, DES MOINES IA, 50309. The company can be reached via phone at 515-284-3000 or via email at [email protected]


This page was last updated on 6/24/2021 by MarketBeat.com Staff
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