Meredith Corporation Company Profile (NYSE:MDP)

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

Meredith Corporation announced a quarterly dividend on Wednesday, August 9th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.52 per share on Friday, September 15th. This represents a $2.08 annualized dividend and a yield of 3.82%. The ex-dividend date is Tuesday, August 29th. View Meredith Corporation's Dividend History.

Meredith Corporation (NYSE:MDP) released its quarterly earnings results on Thursday, July, 27th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.11. The business had revenue of $445.40 million for the quarter, compared to analysts' expectations of $439.61 million. Meredith Corporation had a return on equity of 18.98% and a net margin of 11.03%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $1.08 earnings per share. View Meredith Corporation's Earnings History.

Meredith Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Meredith Corporation.

Meredith Corporation issued an update on its FY18 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $3.20-$3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.42. Meredith Corporation also updated its Q1 guidance to $0.60-$0.65 EPS.

4 brokerages have issued 1 year price targets for Meredith Corporation's stock. Their predictions range from $60.00 to $65.00. On average, they expect Meredith Corporation's share price to reach $63.33 in the next twelve months. View Analyst Ratings for Meredith Corporation.

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

• 1. According to Zacks Investment Research, "Shares of Meredith have underperformed the industry in the past three months. Waning print media trends due to shift from traditional advertising and stiff competition continues to pose concern for investors. Meanwhile, earnings in both first-quarter and fiscal 2018 are expected to decline as the fiscal 2017 benefited from record political advertising revenues. Local Media Group revenues are projected to be flat to down slightly while revenues from National Media are anticipated to be flat to up marginally. Nevertheless, Meredith’s strategic initiatives particularly in digital space, brand licensing activities, solid portfolio of television stations and robust earnings surprise history reinforce its position as one of the leading media and marketing companies. However, year-over-year decline in fourth-quarter fiscal 2017 earnings per share raises concern. Estimates have been stable lately." (9/26/2017)
• 2. 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)

Some companies that are related to Meredith Corporation include Coca-Cola Amatil (CCLAY), Energizer Holdings (EPC), The Hain Celestial Group (HAIN), Tate & Lyle PLC (TATYY), Flowers Foods (FLO), 51job (JOBS), Treehouse Foods (THS), Sanderson Farms (SAFM), Snyder's-Lance (LNCE), Industrias Bachoco, S.A. de C.V. (IBA), Lancaster Colony Corporation (LANC), Nu Skin Enterprises (NUS), New York Times Company (The) (NYT), John Wiley & Sons (JW.A), HRG Group (HRG), Darling Ingredients (DAR), Tupperware Brands Corporation (TUP) and Energizer Holdings (ENR).

Meredith Corporation's management team includes the folowing people:

• Stephen M. Lacy, Chairman of the Board, Chief Executive Officer
• Thomas H. Harty, President, Chief Operating Officer, Director
• D. Mell Meredith Frazier, Independent Vice Chairman of the Board
• Joseph H. Ceryanec, Chief Financial Officer
• Paul A. Karpowicz, President - Local Media Group
• Jonathan B. Werther, President, National Media Group
• John S. Zieser, Chief Development Officer, General Counsel, Secretary
• Beth J. Kaplan, Director
• Donald A. Baer, Independent Director
• Donald C. Berg, Independent Director

Meredith Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (19.15%), State Street Corp (12.52%), Vanguard Group Inc. (9.04%), Dimensional Fund Advisors LP (4.98%), Royce & Associates LP (3.86%) and Bank of New York Mellon Corp (3.36%). Company insiders that own Meredith Corporation stock include Donald C Berg, Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Paul Karpowicz, Stephen M Lacy, Steven M Cappaert and Thomas H Harty. View Institutional Ownership Trends for Meredith Corporation.

Meredith Corporation's stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, AHL Partners LLP, JPMorgan Chase & Co., Prudential Financial Inc., Engineers Gate Manager LP, Gotham Asset Management LLC, Fisher Asset Management LLC and Acadian Asset Management LLC. Company insiders that have sold Meredith Corporation stock in the last year include Frederick B Henry, John S Zieser, Joseph H Ceryanec, Paul Karpowicz, Stephen M Lacy, Steven M Cappaert and Thomas H Harty. View Insider Buying and Selling for Meredith Corporation.

Meredith Corporation's stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, BlackRock Inc., Royce & Associates LP, Systematic Financial Management LP, Aberdeen Asset Management PLC UK, Nordea Investment Management AB, Bank of New York Mellon Corp and Macquarie Group Ltd.. Company insiders that have bought Meredith Corporation stock in the last two years include Donald C Berg and Edwin T Iv Meredith. View Insider Buying and Selling for Meredith Corporation.

Shares of Meredith Corporation 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 Corporation stock can currently be purchased for approximately $54.40.