Meredith Company Profile (NYSE:MDP)

About Meredith

Meredith logoMeredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company's Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations. Its National Media segment includes magazine publishing, custom content and customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations. Its National Media segment focuses on the food, home, parenthood, and health markets and is a publisher of magazines serving women. As of June 30, 2016, the Company's owned television stations consist of seven CBS affiliates, five FOX affiliates, two MyNetworkTV affiliates, one NBC affiliate, one ABC affiliate and one independent station. The National Media segment also focuses on run-of-press display advertising.

Industry, Sector and Symbol:
  • Sector: Consumer Staples
  • Industry: Publishing - Periodicals
  • Sub-Industry: Publishing
  • Exchange: NYSE
  • Symbol: MDP
  • CUSIP: 58943310
Key Metrics:
  • Previous Close: $63.45
  • 50 Day Moving Average: $60.31
  • 200 Day Moving Average: $54.54
  • 52-Week Range: $42.44 - $64.15
  • Trailing P/E Ratio: 29.92
  • Foreward P/E Ratio: 19.29
  • P/E Growth: 3.36
  • Market Cap: $2.82B
  • Outstanding Shares: 44,494,000
  • Beta: 1.13
  • Net Margins: 5.65%
  • Return on Equity: 19.39%
  • Return on Assets: 6.78%
  • Debt-to-Equity Ratio: 0.64%
  • Current Ratio: 1.08%
  • Quick Ratio: 1.04%
Additional Links:
Companies Related to Meredith:

Analyst Ratings

Consensus Ratings for Meredith (NYSE:MDP) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $64.00 (0.87% upside)

Analysts' Ratings History for Meredith (NYSE:MDP)
DateFirmActionRatingPrice TargetDetails
1/26/2017Benchmark Co.DowngradeBuy -> Hold$64.00View Rating Details
1/25/2017Wells Fargo & CompanyReiterated RatingHoldView Rating Details
1/29/2016StephensLower Price TargetEqual Weight$50.00 -> $44.00View Rating Details
12/16/2015GabelliUpgradeSell -> Hold$50.00View Rating Details
12/3/2015Citigroup Inc.Reiterated RatingNeutral$52.00 -> $57.00View Rating Details
9/9/2015Jefferies Group LLCLower Price TargetHold$55.00 -> $52.00View Rating Details
6/23/2015Sanford C. BernsteinLower Price TargetBuy$60.00 -> $58.00View Rating Details
(Data available from 2/24/2015 forward)


Earnings History for Meredith (NYSE:MDP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/25/2017Q217$1.20$1.30$435.22 million$442.60 millionViewN/AView Earnings Details
10/27/2016Q117$0.72$0.75$400.77 million$399.90 millionViewListenView Earnings Details
7/28/2016Q416$1.03$1.08$437.78 million$435.78 millionViewListenView Earnings Details
4/28/2016Q316$0.80$0.92$414.66 million$422.77 millionViewListenView Earnings Details
1/27/2016Q216$0.78$0.80$407.29 million$406.40 millionViewListenView Earnings Details
10/29/2015Q116$0.51$0.52$383.40 million$385.00 millionViewListenView Earnings Details
7/30/2015Q415$0.93$0.94$425.52 million$425.90 millionViewListenView Earnings Details
4/23/2015Q315$0.68$0.71$401.65 million$389.20 millionViewN/AView Earnings Details
1/28/2015Q215$0.98$1.00$393.70 million$398.90 millionViewN/AView Earnings Details
10/23/2014Q115$0.64$0.65$370.70 million$371.20 millionViewListenView Earnings Details
7/31/2014Q414$0.85$0.89$396.70 million$390.80 millionViewListenView Earnings Details
4/24/2014Q314$0.67$0.41$370.33 million$367.00 millionViewN/AView Earnings Details
1/29/2014Q214$0.68$0.69$354.10 million$354.05 millionViewN/AView Earnings Details
10/24/2013Q114$0.52$0.53$359.70 million$356.00 millionViewListenView Earnings Details
7/25/2013Q4 2013$0.72$0.76$383.05 million$386.97 millionViewListenView Earnings Details
4/25/2013Q3 2013$0.68$0.72$354.43 million$369.62 millionViewListenView Earnings Details
1/24/2013Q2 2013$0.86$0.89$374.52 million$360.60 millionViewListenView Earnings Details
10/25/2012$0.53$0.55ViewN/AView Earnings Details
7/26/2012$0.65$0.67ViewN/AView Earnings Details
4/25/2012$0.66$0.66ViewN/AView Earnings Details
1/24/2012$0.67$0.70ViewN/AView Earnings Details
10/26/2011$0.46$0.48ViewN/AView Earnings Details
7/28/2011$0.62$0.67ViewN/AView Earnings Details
4/27/2011$0.65$0.67ViewN/AView Earnings Details
1/25/2011$0.83$0.88ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Meredith (NYSE:MDP)
Current Year EPS Consensus Estimate: $3.76 EPS
Next Year EPS Consensus Estimate: $3.29 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.79$0.80$0.80
Q3 20161$0.65$0.65$0.65
Q4 20161$1.04$1.04$1.04
Q1 20171$0.72$0.72$0.72
Q2 20171$1.22$1.22$1.22
Q3 20171$0.79$0.79$0.79
Q4 20171$0.95$0.95$0.95
Q1 20181$0.64$0.64$0.64
Q2 20181$0.88$0.88$0.88
Q3 20181$0.79$0.79$0.79
Q4 20181$0.95$0.95$0.95
(Data provided by Zacks Investment Research)


Current Dividend Information for Meredith (NYSE:MDP)
Annual Dividend:$1.98
Dividend Yield:3.12%
Dividend Growth:6.70% (3 Year Average)
Payout Ratio:94.74% (Based on Trailing 12 Months of Earnings)
52.66% (Based on Current Year Consensus EPS Estimate)
60.18% (Based on Next Year Consensus EPS Estimate)
Track Record:4 Years of Consecutive Dividend Growth

Dividend History for Meredith (NYSE:MDP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Meredith (NYSE:MDP)
Insider Ownership Percentage: 12.40%
Institutional Ownership Percentage: 84.01%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/14/2016Frederick B HenryDirectorSell998$52.00$51,896.00View SEC Filing  
8/18/2016John S ZieserInsiderSell1,206$55.00$66,330.00View SEC Filing  
8/17/2016Joseph H CeryanecCFOSell4,554$54.13$246,508.02View SEC Filing  
8/16/2016Stephen M LacyChairmanSell14,110$54.10$763,351.00View SEC Filing  
8/1/2016Joseph H. CeryanecCFOSell9,145$54.03$494,104.35View SEC Filing  
8/1/2016Stephen M. LacyChairmanSell46,283$54.15$2,506,224.45View SEC Filing  
6/10/2016Edwin T Iv MeredithMajor ShareholderBuy15,628$51.24$800,778.72View SEC Filing  
5/2/2016Frederick B HenryDirectorSell1,186$51.10$60,604.60View SEC Filing  
5/2/2016John S. ZieserInsiderSell8,783$51.21$449,777.43View SEC Filing  
3/7/2016John S. ZieserInsiderSell5,665$45.00$254,925.00View SEC Filing  
2/10/2016Donald C. BergDirectorBuy1,115$38.50$42,927.50View SEC Filing  
7/1/2015Philip A MarineauDirectorSell6,315$52.60$332,169.00View SEC Filing  
4/27/2015Frederick B HenryDirectorSell5,400$53.23$287,442.00View SEC Filing  
3/19/2015Mary Sue ColemanDirectorSell6,000$55.75$334,500.00View SEC Filing  
3/6/2015Katherine C MeredithMajor ShareholderSell50,000$52.70$2,635,000.00View SEC Filing  
2/27/2015Steven M CappaertInsiderSell3,122$53.65$167,495.30View SEC Filing  
2/3/2015Joseph H CeryanecCFOSell1,846$53.83$99,370.18View SEC Filing  
2/2/2015Frederick B HenryDirectorSell3,615$52.46$189,642.90View SEC Filing  
12/3/2014Frederick B HenryDirectorSell1,463$53.08$77,656.04View SEC Filing  
11/26/2014Stephen M LacyCEOSell9,235$52.91$488,623.85View SEC Filing  
11/3/2014Mary Sue ColemanDirectorSell7,230$52.06$376,393.80View SEC Filing  
10/30/2014Steven M CappaertInsiderSell3,600$51.60$185,760.00View SEC Filing  
10/29/2014Thomas H HartyInsiderSell12,123$51.55$624,940.65View SEC Filing  
10/23/2014Philip A MarineauDirectorSell3,486$44.99$156,835.14View SEC Filing  
10/1/2014Philip A MarineauDirectorSell2,328$42.53$99,009.84View SEC Filing  
9/2/2014Philip A MarineauDirectorSell3,492$46.22$161,400.24View SEC Filing  
8/22/2014Joseph H CeryanecCFOSell8,215$47.02$386,269.30View SEC Filing  
8/22/2014Steven M CappaertInsiderSell4,521$46.95$212,260.95View SEC Filing  
8/20/2014John S ZieserInsiderSell8,898$46.35$412,422.30View SEC Filing  
8/5/2014Edwin T Iv MeredithMajor ShareholderSell200,000$45.08$9,016,000.00View SEC Filing  
8/4/2014Frederick B HenryDirectorSell9,615$45.97$442,001.55View SEC Filing  
8/4/2014John S ZieserInsiderSell1,837$46.07$84,630.59View SEC Filing  
8/1/2014Philip A MarineauDirectorSell3,492$45.98$160,562.16View SEC Filing  
7/1/2014Philip A MarineauDirectorSell6,984$49.53$345,917.52View SEC Filing  
6/2/2014Philip A MarineauDirectorSell3,492$44.96$157,000.32View SEC Filing  
5/23/2014Paul KarpowiczInsiderSell30,070$45.46$1,366,982.20View SEC Filing  
5/21/2014Paul KarpowiczInsiderSell17,149$45.28$776,506.72View SEC Filing  
5/19/2014Donald BergDirectorBuy1,000$44.38$44,380.00View SEC Filing  
5/1/2014Philip MarineauDirectorSell2,328$43.48$101,221.44View SEC Filing  
2/3/2014Frederick HenryDirectorSell1,719$45.41$78,059.79View SEC Filing  
2/3/2014John ZieserInsiderSell9,747$45.42$442,708.74View SEC Filing  
2/3/2014Joseph CeryanecCFOSell3,500$45.42$158,970.00View SEC Filing  
8/20/2013James CraigieDirectorSell8,209$45.07$369,979.63View SEC Filing  
8/15/2013Frederick HenryDirectorSell9,615$44.95$432,194.25View SEC Filing  
8/14/2013Stephen LacyCEOSell28,948$47.98$1,388,925.04View SEC Filing  
8/12/2013John ZieserInsiderSell4,872$47.59$231,858.48View SEC Filing  
8/12/2013Joseph CeryanecCFOSell4,339$47.49$206,059.11View SEC Filing  
8/12/2013Stephen LacyCEOSell28,948$48.06$1,391,240.88View SEC Filing  
7/29/2013Stephen M LacyCEOSell138,345$47.36$6,552,019.20View SEC Filing  
7/29/2013Steven M CappaertInsiderSell8,862$47.32$419,349.84View SEC Filing  
5/20/2013Thomas H HartyInsiderSell17,216$42.67$734,606.72View SEC Filing  
5/14/2013Stephen M LacyCEOSell50,183$42.24$2,119,729.92View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Meredith (NYSE:MDP)
DateHeadline logoTime Warner to sell TV station as it seeks AT&T merger OK (NYSE:MDP) - February 23 at 6:32 PM logoHoping to Expedite AT&T Merger, Time Warner Sells Atlanta TV Station (NYSE:MDP) - February 23 at 6:32 PM logoEx-Dividend Reminder: Molson Coors Brewing, Meredith Corp and Time (NYSE:MDP) - February 22 at 6:37 PM
News IconAre Analysts Optimistic About Where Meredith Corporation (NYSE:MDP) is Heading? - Winfield Review (NYSE:MDP) - February 17 at 2:52 PM logoTime's Sluggish Outlook Intensifies Pressure for a Sale (NYSE:MDP) - February 16 at 6:05 PM
News IconWhat is the Street Saying About Meredith Corporation (NYSE:MDP)? - Aiken Advocate (NYSE:MDP) - February 14 at 12:40 AM
News IconLooking at the Numbers for Meredith Corporation (NYSE:MDP) - Baldwin Journal (NYSE:MDP) - February 9 at 5:22 AM logoTime +3.5% on report of nondisclosure deal with Bronfman, Meredith - Seeking Alpha (NYSE:MDP) - February 8 at 12:48 AM logoMeredith taking another run at buying Time Inc. (NYSE:MDP) - February 8 at 12:48 AM logo[$$] Meredith, Bronfman Move Forward in Effort to Acquire Time Inc. (NYSE:MDP) - February 8 at 12:48 AM logoTime +3.5% on report of nondisclosure deal with Bronfman, Meredith (NYSE:MDP) - February 7 at 7:54 PM
News IconFocusing on the Charts for Meredith Corporation (MDP) - Davidson Register (NYSE:MDP) - February 7 at 7:47 PM logo[$$] Meredith, Bronfman Move Forward in Pursuit of Time Inc. (NYSE:MDP) - February 7 at 7:47 PM logoThe Growth Forecast For Meredith Corporation (NYSE:MDP) (NYSE:MDP) - February 6 at 11:36 PM logoTime to Open Books This Week to Potential Acquirers (NYSE:MDP) - February 6 at 6:34 PM
News IconLowers Meredith Corporation (MDP) to Hold (NYSE:MDP) - February 1 at 7:21 PM logoMEREDITH CORP Financials (NYSE:MDP) - February 1 at 7:21 PM
News IconEarnings Forecast Research on Meredith Corporation (MDP) - Highland Mirror (NYSE:MDP) - February 1 at 6:33 AM logoMeredith cuts 40 jobs in reorgnization (NYSE:MDP) - January 31 at 7:23 PM logoMeredith Corp. cuts 40 jobs, about 1 percent of workforce (NYSE:MDP) - January 31 at 7:23 PM logo8:31 am Meredith raises quarterly dividend to $0.52/share from $0.495/share (NYSE:MDP) - January 30 at 7:10 PM logoMeredith Board Of Directors Raises Dividend 5.1 Percent To $2.08 Per Share (NYSE:MDP) - January 30 at 9:51 AM logoMeredith declares $0.52 dividend (NYSE:MDP) - January 30 at 8:53 AM
News IconStock to Watch: Meredith Corporation (MDP) - Market Point (NYSE:MDP) - January 28 at 6:35 PM
News IconMeredith Profits from Heavy Political Advertising (NYSE:MDP) - January 28 at 4:58 AM logoTwice Left At The Altar, This Dividend Aristocrat Is Poised To Grow (NYSE:MDP) - January 28 at 4:58 AM
News IconPress Release: Meredith Reports Record Fiscal 2017 2nd Quarter And First Half Results (NYSE:MDP) - January 27 at 11:58 PM
News IconMeredith Corporation (NYSE:MDP) to Post $1.21 Earnings Per Share: Analysts - Wall Street Beacon (NYSE:MDP) - January 26 at 9:19 PM logoMEREDITH CORPORATION (NYSE:MDP) Files An 8-K Results of Operations and Financial Condition - Market Exclusive (NYSE:MDP) - January 26 at 9:18 PM
News IconEarnings in Full Force, Analysts Take Aim at Meredith Corporation (NYSE:MDP) - Wall Street Beacon (NYSE:MDP) - January 26 at 9:18 PM logoBenchmark Downgrades Meredith Corp (MDP) to Hold - (NYSE:MDP) - January 26 at 9:18 PM logoAnalysts' Actions -- Alibaba, Estee Lauder, Mattel, Meredith and More (NYSE:MDP) - January 26 at 9:18 PM logoMeredith Corp. :MDP-US: Earnings Analysis: Q2, 2017 By the Numbers : January 26, 2017 (NYSE:MDP) - January 26 at 9:18 PM logoMEREDITH CORP Files SEC form 10-Q, Quarterly Report (NYSE:MDP) - January 26 at 9:18 PM logoPolitical Advertising Helps Fuel Better-Than-Expected Q2 for Meredith Corp. (NYSE:MDP) - January 26 at 7:29 AM logoEdited Transcript of MDP earnings conference call or presentation 25-Jan-17 1:30pm GMT (NYSE:MDP) - January 26 at 12:58 AM logoMeredith : posts 2Q profit (NYSE:MDP) - January 25 at 7:56 PM
News IconDoes the hype around Meredith Corporation’s (MDP) growth justify its January share price? (NYSE:MDP) - January 25 at 7:56 PM logoQ2 2017 Meredith Corp Earnings Release - Before Market Open (NYSE:MDP) - January 25 at 7:56 PM logoMeredith Delivers Record Fiscal 2017 2nd Quarter And 1st Half Results (NYSE:MDP) - January 25 at 7:56 PM logo7:34 am Meredith beats by $0.38, beats on revs; guides Q3 EPS in-line; reaffirms FY17 EPS guidance (NYSE:MDP) - January 25 at 7:56 PM logoMeredith Corp. posts 2Q profit (NYSE:MDP) - January 25 at 7:56 PM logoMeredith (MDP) Beats on Q2 Earnings, Maintains '17 View (NYSE:MDP) - January 25 at 7:56 PM logoMEREDITH CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:MDP) - January 25 at 7:56 PM logoMDP : Summary for Meredith Corporation Common Sto - Yahoo Finance (NYSE:MDP) - January 25 at 5:22 AM logoWomen Are Dieting Less But Eating More Healthy Foods According To New Better Homes & Gardens Food Factor Study (NYSE:MDP) - January 25 at 5:22 AM logoMeredith (MDP) Q2 Earnings: Will the Earnings Streak Stay? (NYSE:MDP) - January 25 at 5:22 AM
News IconAre Analysts Predicting a Near-Term Upswing For Meredith Corporation (NYSE:MDP)? - Wall Street Beacon (NYSE:MDP) - January 24 at 7:11 PM logoMeredith (MDP) Q2 Earnings: Will the Earnings Streak Stay? - Nasdaq (NYSE:MDP) - January 24 at 7:11 PM logoCBS Corp. (CBS) and Meredith (MDP) Announce Affiliation Renewals, Digital Distribution Deal - (NYSE:MDP) - January 24 at 7:11 PM


What is Meredith's stock symbol?

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

How often does Meredith pay dividends? What is the dividend yield for Meredith?

Meredith declared a quarterly dividend on Monday, January 30th. Investors of record on Tuesday, February 28th will be paid a dividend of $0.52 per share on Wednesday, March 15th. This represents a $2.08 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Friday, February 24th. This is a boost from Meredith's previous quarterly dividend of $0.50.

Where is Meredith's stock going? Where will Meredith's stock price be in 2017?

2 brokerages have issued 12-month price objectives for Meredith's shares. Their predictions range from $64.00 to $64.00. On average, they expect Meredith's share price to reach $64.00 in the next year.

When will Meredith announce their earnings?

Meredith is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

Who owns Meredith stock?

Meredith's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.79%), Barrow Hanley Mewhinney & Strauss LLC (4.45%), Royce & Associates LP (3.81%), State Street Corp (2.62%), Allianz Asset Management AG (2.09%) and Prudential PLC (1.45%). Company insiders that own Meredith stock include Donald C Berg, Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Katherine C Meredith, Mary Sue Coleman, Philip A Marineau, Stephen M Lacy and Steven M Cappaert.

Who sold Meredith stock? Who is selling Meredith stock?

Meredith's stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Allianz Asset Management AG, Thrivent Financial for Lutherans, Gamco Investors INC. ET AL, Cantab Capital Partners LLP, Guggenheim Capital LLC, Gabelli Funds LLC and Comerica Bank. Company insiders that have sold Meredith stock in the last year include Frederick B Henry, John S Zieser, Joseph H Ceryanec and Stephen M Lacy.

Who bought Meredith stock? Who is buying Meredith stock?

Meredith's stock was acquired by a variety of institutional investors in the last quarter, including Prudential PLC, Russell Investments Group Ltd., AQR Capital Management LLC, Royce & Associates LP, Dimensional Fund Advisors LP, Round Hill Asset Management, Systematic Financial Management LP and Silvercrest Asset Management Group LLC. Company insiders that have bought Meredith stock in the last two years include Donald C Berg and Edwin T Iv Meredith.

How do I buy Meredith stock?

Shares of Meredith can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Meredith stock cost?

One share of Meredith stock can currently be purchased for approximately $63.45.

Meredith (NYSE:MDP) Chart for Friday, February, 24, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Meredith (NYSE:MDP)

Earnings History Chart

Earnings by Quarter for Meredith (NYSE:MDP)

Dividend History Chart

Dividend Payments by Quarter for Meredith (NYSE:MDP)

Last Updated on 2/24/2017 by Staff