Meredith Company Profile (NYSE:MDP)

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

Meredith declared a quarterly dividend on Wednesday, May 10th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.52 per share on Thursday, June 15th. This represents a $2.08 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Friday, May 26th. View Meredith's Dividend History.

Meredith Co. (NYSE:MDP) posted its quarterly earnings data on Thursday, April, 27th. The company reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $425.40 million for the quarter, compared to the consensus estimate of $422.61 million. Meredith had a return on equity of 19.39% and a net margin of 5.65%. The firm's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. View Meredith's Earnings History.

Meredith issued an update on its fourth quarter earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $0.93-0.98 for the period, compared to the Thomson Reuters consensus estimate of $0.96.

4 analysts have issued 1 year price objectives for Meredith's shares. Their forecasts range from $57.00 to $65.00. On average, they expect Meredith's share price to reach $62.33 in the next twelve months. View Analyst Ratings for Meredith.

Here are some recent quotes from research analysts about Meredith stock:

• 1. Jefferies Group LLC analysts commented, "MDP upped its F3Q EPS guidance to $0.85-$0.87 from $0.75-$0.80, largely on better national digital adv. While local has improved, our estimates are unchanged. The FY17 guidance of $3.85-$3.90 implies no change to our F4Q estimate of $0.95. At this point, we do not believe this is the beginning of a trend w/ peers due to MDP's mix. While the market will speculate, it's hard to draw a correlation between the updated guidance and MDP's potential interest in TIME." (3/22/2017)
• 2. According to Zacks Investment Research, "Meredith has comfortably outperformed the Zacks categorized industry in the past one year on the back of strategic initiatives. Meredith continued with its positive earnings surprise streak for the 12th straight quarter when it posted first-quarter fiscal 2017 results. The company’s results in the reported quarter were driven by robust political advertising revenues and growth in digital advertising revenues. The company expects strong political advertising cycle as well as higher retransmission revenues and robust digital advertising revenue growth to drive its performance higher in fiscal 2017. Meredith is focused on bolstering advertising revenues, primarily in the digital space, and is increasingly concentrating on brand licensing, marketing services and eCommerce. However, with advancing technology, the print media is on a decline. Shift to online is likely to put enormous pressure on Meredith’s magazine portfolio." (12/28/2016)

Some companies that are related to Meredith include Compania Cervecerias Unidas S.A. (CCU), Blue Buffalo Pet Products (BUFF), TreeHouse Foods (THS), Edgewell Personal Care Co (EPC), Flowers Foods (FLO), Hain Celestial Group (HAIN), Snyder's-Lance (LNCE), Tupperware Brands (TUP), Lancaster Colony Corp. (LANC), Energizer Holdings (ENR), John Wiley & Sons (JW.A), Nu Skin Enterprises (NUS), New York Times Co (NYT), Vector Group Ltd (VGR), Darling Ingredients (DAR), 51job (JOBS), Fresh Del Monte Produce (FDP) and B&G Foods (BGS).

Meredith's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.50%), State Street Corp (9.48%), Vanguard Group Inc. (7.94%), Barrow Hanley Mewhinney & Strauss LLC (4.40%), Dimensional Fund Advisors LP (4.40%) and Ariel Investments LLC (3.40%). Company insiders that own Meredith stock include Donald C Berg, Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Philip A Marineau, Stephen M Lacy and Steven M Cappaert. View Institutional Ownership Trends for Meredith.

Meredith's stock was sold by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Royce & Associates LP, Channing Capital Management LLC, Ariel Investments LLC, Paloma Partners Management Co, Dimensional Fund Advisors LP, BlueCrest Capital Management Ltd and Russell Investments Group Ltd.. Company insiders that have sold Meredith stock in the last year include Frederick B Henry, John S Zieser, Joseph H Ceryanec, Stephen M Lacy and Steven M Cappaert. View Insider Buying and Selling for Meredith.

Meredith's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Bank of New York Mellon Corp, Vanguard Group Inc., Prudential Financial Inc., Renaissance Technologies LLC, Morgan Stanley and AQR Capital Management LLC. Company insiders that have bought Meredith stock in the last two years include Donald C Berg and Edwin T Iv Meredith. View Insider Buying and Selling for Meredith.

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.

One share of Meredith stock can currently be purchased for approximately $54.35.