Meredith - MDP Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MDP shares.
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3 equities research analysts have issued 12-month price objectives for Meredith's shares. Their MDP share price forecasts range from $5.50 to $59.00. On average, they expect the company's stock price to reach $40.83 in the next twelve months.
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Meredith Co. (NYSE:MDP) released its earnings results on Thursday, October, 28th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.18. The company had revenue of $708.60 million for the quarter, compared to analyst estimates of $681.84 million. Meredith had a net margin of 9.66% and a trailing twelve-month return on equity of 41.72%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS.

231 employees have rated Meredith Chief Executive Officer Steve Lacy on Glassdoor.com. Steve Lacy has an approval rating of 78% among the company's employees.

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).

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

Meredith (NYSE:MDP) has a market capitalization of $0.00 and generates $2.98 billion in revenue each year. The company earns $306.60 million in net income (profit) each year or $5.90 on an earnings per share basis.

Meredith employs 5,330 workers across the globe.

Meredith's mailing address is 1716 LOCUST ST, DES MOINES IA, 50309. The official website for the company is www.meredith.com. The company can be reached via phone at (515) 284-3000, via email at mike.lovell@meredith.com, or via fax at 515-284-2700.