Meredith Company Profile (NYSE:MDP)

About Meredith (NYSE:MDP)

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
  • Symbol: NYSE:MDP
  • CUSIP: 58943310
  • Web:
  • Market Cap: $2.42 billion
  • Outstanding Shares: 44,589,000
Average Prices:
  • 50 Day Moving Avg: $59.84
  • 200 Day Moving Avg: $59.20
  • 52 Week Range: $43.85 - $66.25
  • Trailing P/E Ratio: 44.77
  • Foreward P/E Ratio: 15.85
  • P/E Growth: 2.85
Sales & Book Value:
  • Annual Revenue: $1.7 billion
  • Price / Sales: 1.43
  • Book Value: $21.81 per share
  • Price / Book: 2.49
  • Annual Dividend: $1.98
  • Dividend Yield: 3.9%
  • EBIDTA: $357.73 million
  • 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%
  • Average Volume: 604,937 shs.
  • Beta: 1.13
  • Short Ratio: 14.02

Frequently Asked Questions for Meredith (NYSE:MDP)

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 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.

How were Meredith's earnings last quarter?

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.

What guidance has Meredith issued on next quarter's earnings?

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.

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

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.

What are analysts saying about Meredith stock?

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)

Who are some of Meredith's key competitors?

Who owns Meredith stock?

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.

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 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.

Who bought Meredith stock? Who is buying Meredith stock?

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.

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 $54.35.

Analyst Ratings

Consensus Ratings for Meredith (NYSE:MDP) (?)
Ratings Breakdown: 3 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $62.33 (14.69% upside)

Analysts' Ratings History for Meredith (NYSE:MDP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/2/2017Citigroup IncUpgradeNeutral -> Buy$58.00 -> $65.00LowView Rating Details
4/24/2017Jefferies Group LLCReiterated RatingHold$57.00LowView Rating Details
3/23/2017Benchmark Co.Boost Price TargetHold$64.00 -> $65.00LowView Rating Details
1/25/2017Wells Fargo & CoReiterated RatingHoldN/AView Rating Details
1/29/2016StephensLower Price TargetEqual Weight$50.00 -> $44.00N/AView Rating Details
12/16/2015GabelliUpgradeSell -> Hold$50.00N/AView Rating Details
6/23/2015Sanford C. BernsteinLower Price TargetBuy$60.00 -> $58.00N/AView Rating Details
(Data available from 5/24/2015 forward)


Earnings History for Meredith (NYSE:MDP)
Earnings by Quarter for Meredith (NYSE:MDP)
Earnings History by Quarter for Meredith (NYSE:MDP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q3 2017$0.87$0.87$422.61 million$425.40 millionViewN/AView Earnings Details
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$0.63$0.65$370.70 million$371.20 millionViewListenView Earnings Details
7/31/2014Q414$0.84$0.88$396.70 million$390.80 millionViewListenView Earnings Details
4/24/2014Q314$0.66$0.70$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)
2017 EPS Consensus Estimate: $3.77
2018 EPS Consensus Estimate: $3.39
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.72$0.72$0.72
Q2 20171$1.22$1.22$1.22
Q3 20171$0.87$0.87$0.87
Q4 20171$0.96$0.96$0.96
Q1 20181$0.62$0.62$0.62
Q2 20181$0.91$0.91$0.91
Q3 20181$0.89$0.89$0.89
Q4 20181$0.97$0.97$0.97
(Data provided by Zacks Investment Research)


Current Dividend Information for Meredith (NYSE:MDP)
Next Dividend:6/15/2017
Annual Dividend:$1.98
Dividend Yield:3.64%
Dividend Growth:6.70% (3 Year Average)
Payout Ratio:94.74% (Trailing 12 Months of Earnings)
50.90% (Based on This Year's Estimates)
57.73% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Meredith (NYSE:MDP)

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

Insider Trades

Insider Trading and Institutional Ownership History for Meredith (NYSE:MDP)
Insider Ownership Percentage: 12.40%
Institutional Ownership Percentage: 84.01%
Insider Trades by Quarter for Meredith (NYSE:MDP)
Institutional Ownership by Quarter for Meredith (NYSE:MDP)
Insider Trades by Quarter for Meredith (NYSE:MDP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/3/2017Steven M CappaertInsiderSell2,195$56.96$125,027.20View SEC Filing  
5/1/2017Frederick B HenryDirectorSell3,995$57.50$229,712.50View SEC Filing  
5/1/2017John S. ZieserInsiderSell1,742$57.77$100,635.34View SEC Filing  
5/1/2017Joseph H CeryanecCFOSell1,247$57.62$71,852.14View SEC Filing  
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)


Headline Trends for Meredith (NYSE:MDP)
Latest Headlines for Meredith (NYSE:MDP)
DateHeadline logoMeredith Corporation To Host Investor Day On June 6 In New York City - May 19 at 6:39 PM logoMeredith And The BuyPower Card Launch "Safe and Sound Home" Video Series To Help Families Make Their Homes Smart And Secure - May 16 at 10:33 AM logoBellisio Foods Introduces Six New EatingWell® Frozen Entrées - May 15 at 10:28 AM logoMeredith Co. (MDP) Plans Quarterly Dividend of $0.52 - May 10 at 5:08 PM logoMeredith Corporation Board Of Directors Declares Quarterly Dividend - May 10 at 12:35 PM logoMeredith Announces New Licensing Agreement With FGX International For SHAPE Line Of Sunglasses - May 10 at 12:35 PM logoTime Pledges Cuts, Asset Sales, but Advertising Remains a Concern - May 10 at 12:35 PM logoMeredith Corporation's The Magnolia Journal Launches Its Third Issue With 1 Million Distribution, Including 700,000 Paid Subscribers - May 9 at 11:51 AM logoMeredith Co. (MDP) Expected to Announce Quarterly Sales of $440.55 Million - May 7 at 7:54 AM logoMeredith Co. (MDP) Insider Steven M. Cappaert Sells 2,195 Shares - May 6 at 12:59 AM logo$0.96 EPS Expected for Meredith Co. (MDP) This Quarter - May 5 at 8:22 PM logoTop of the Phoenix Lists: Healthiest Employers - Midsize - May 5 at 6:45 PM logoMeredith Co. (MDP) Insider Sells $125,027.20 in Stock - May 4 at 7:06 PM logoMeredith (MDP) Receives Daily Media Impact Rating of 0.19 - May 4 at 12:54 AM logoMeredith Co. (MDP) CFO Joseph H. Ceryanec Sells 1,247 Shares - May 3 at 7:32 PM logoJohn S. Zieser Sells 1,742 Shares of Meredith Co. (MDP) Stock - May 3 at 7:30 PM logoFrederick B. Henry Sells 3,995 Shares of Meredith Co. (MDP) Stock - May 3 at 7:04 PM logoMeredith And Andrews McMeel Universal Launch "Posh Coloring Studio" Coloring Book Club For Adults - May 3 at 5:34 PM logoETFs with exposure to Meredith Corp. : May 2, 2017 - May 2 at 7:43 PM logoResearch Analysts Issue Forecasts for Meredith Co.'s FY2018 Earnings (MDP) - May 1 at 1:46 PM logoMeredith Corp. breached its 50 day moving average in a Bearish Manner : MDP-US : May 1, 2017 - May 1 at 12:41 PM logoMeredith Corp. :MDP-US: Earnings Analysis: Q3, 2017 By the Numbers : May 1, 2017 - May 1 at 12:41 PM logoFY2017 Earnings Estimate for Meredith Co. Issued By Jefferies Group (MDP) - May 1 at 9:50 AM logoPositive Press Coverage Likely to Impact Meredith (MDP) Stock Price - April 30 at 2:23 PM logoMeredith Co. (MDP) Issues Quarterly Earnings Results - April 29 at 1:27 AM logoMeredith Co. (MDP) Releases Quarterly Earnings Results, Hits Expectations - April 29 at 1:25 AM logoMeredith Co. (MDP) Releases Earnings Results, Meets Estimates - April 29 at 1:24 AM logoTime Inc. Spurns Suitors to Go It Alone on Digital Strategy - April 29 at 12:24 AM logoEdited Transcript of MDP earnings conference call or presentation 27-Apr-17 12:30pm GMT - April 28 at 7:23 PM logo[$$] Time Inc. Rebuffs Suitors and Decides to Go It Alone - April 28 at 7:23 PM logo[$$] Time Inc turns the page on plans for sale - April 28 at 7:23 PM logoTime Shares Tumble After It Calls Off Sale Talks - April 28 at 9:21 AM logoSomewhat Positive News Coverage Very Likely to Impact Meredith (MDP) Stock Price - April 27 at 10:32 PM logoMeredith Co. (MDP) Issues Q4 Earnings Guidance - April 27 at 10:59 AM logoMeredith Reports Fiscal 2017 Third Quarter And Nine Month Results - April 27 at 9:34 AM logoMeredith Corp. posts 3Q profit - April 27 at 8:07 AM logoSomewhat Favorable Press Coverage Very Likely to Impact Meredith (MDP) Share Price - April 24 at 9:34 PM logoWill Q3 Earnings Hold a Surprise for Meredith (MDP) Stock? - April 24 at 3:35 PM logoMeredith Co. (MDP) Given Hold Rating at Jefferies Group LLC - April 24 at 11:32 AM logoMeredith (MDP) Given Daily News Impact Score of 0.31 - April 21 at 9:58 PM logoFCC votes to allow some broadcasters to buy more TV stations - April 20 at 6:35 PM logoMeredith (MDP) Earns Daily News Impact Score of -0.08 - April 18 at 6:03 PM logoMeredith Corp. – Value Analysis (NYSE:MDP) : April 17, 2017 - April 17 at 5:45 PM logoFCC approves Time Warner sale of Atlanta TV station - April 17 at 5:45 PM logo Brokerages Expect Meredith Co. (MDP) Will Announce Quarterly Sales of $419.2 Million - April 16 at 8:02 AM logoFavorable News Coverage Likely to Impact Meredith (MDP) Stock Price - April 15 at 4:48 PM logoZacks: Brokerages Anticipate Meredith Co. (MDP) Will Post Earnings of $0.87 Per Share - April 14 at 10:18 PM logoMeredith Corporation To Report Fiscal 2017 Third Quarter Results - April 13 at 6:12 PM logoExpect Time Shares to Drop If No Sale Proceeds - April 13 at 6:12 PM logoWhy Is Meredith (MDP) Up 4.9% Since the Last Earnings Report - April 13 at 9:03 AM



Meredith (MDP) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by Staff