About Meredith Corporation (NYSE:MDP)
Meredith 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:
- Industry: Magazine Publishing
- Sub-Industry: Publishing
- Sector: Magazine Publishing
- Symbol: NYSE:MDP
- CUSIP: 58943310
- Web: www.meredith.com
- Debt-to-Equity Ratio: 0.64%
- Current Ratio: 1.08%
- Quick Ratio: 1.04%
Sales & Book Value:
- Trailing P/E Ratio: 13.35
- Forward P/E Ratio: 17.96
- P/E Growth: 3.97
- Annual Sales: $1.71336 billion
- Price / Sales: 1.59
- Cash Flow: $6.60 per share
- Price / Cash: 9.23
- Book Value: $22.56 per share
- Price / Book: 2.70
- Annual Dividend: $2.08
- Dividend Yield: 3.8%
- Trailing EPS: $4.14
- Net Income: $188.92 million
- Net Margins: 11.04%
- Return on Equity: 18.24%
- Return on Assets: 6.64%
- Employees: 3,620
- Outstanding Shares: 44,680,000
Frequently Asked Questions for Meredith Corporation (NYSE:MDP)
What is Meredith Corporation's stock symbol?
Meredith Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDP."
How often does Meredith Corporation pay dividends? What is the dividend yield for Meredith Corporation?
Meredith Corporation declared a quarterly dividend on Wednesday, November 8th. Investors of record on Thursday, November 30th will be paid a dividend of $0.52 per share on Friday, December 15th. This represents a $2.08 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, November 29th. View Meredith Corporation's Dividend History.
How were Meredith Corporation's earnings last quarter?
Meredith Corporation (NYSE:MDP) issued its quarterly earnings results on Thursday, October, 26th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The company had revenue of $393 million for the quarter, compared to analysts' expectations of $397.50 million. Meredith Corporation had a return on equity of 18.24% and a net margin of 11.04%. The business's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. View Meredith Corporation's Earnings History.
When will Meredith Corporation make its next earnings announcement?
What guidance has Meredith Corporation issued on next quarter's earnings?
Meredith Corporation updated its FY18 earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.37. Meredith Corporation also updated its Q2 guidance to $0.87 -0.92 EPS.
Where is Meredith Corporation's stock going? Where will Meredith Corporation's stock price be in 2017?
5 equities research analysts have issued 1 year price targets for Meredith Corporation's stock. Their predictions range from $54.00 to $65.00. On average, they expect Meredith Corporation's stock price to reach $61.00 in the next twelve months. View Analyst Ratings for Meredith Corporation.
What are Wall Street analysts saying about Meredith Corporation stock?
Here are some recent quotes from research analysts about Meredith Corporation stock:
- 1. According to Zacks Investment Research, "Though shares of Meredith have underperformed the industry in the past six months, it is likely to turnaround in the near term due to earnings beat in first-quarter fiscal 2018. The company’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. The company remains optimistic to generate solid no-political adverting revenues in Local Media Group attributable to robust demand for automotive and professional services. However, waning print media trends due to shift from traditional advertising and stiff competition continues to pose concerns for investors. Meanwhile, earnings in both the second quarter and fiscal 2018 are anticipated to decline year over year as the fiscal 2017 benefited from record political advertising revenues." (10/31/2017)
- 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)
Who are some of Meredith Corporation's key competitors?
Some companies that are related to Meredith Corporation include AptarGroup (ATR), Under Armour (UAA), Highwoods Properties (HIW), Hexcel Corporation (HXL), Assurant (AIZ), AGCO Corporation (AGCO), CubeSmart (CUBE), Under Armour (UA), Curtiss-Wright Corporation (CW), MDU Resources Group (MDU), Skechers U.S.A. (SKX), Bright Horizons Family Solutions (BFAM), WEX (WEX), EnLink Midstream Partners, LP (ENLK), Synnex Corporation (SNX), Jabil Circuit (JBL), Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) and Sonoco Products Company (SON).
Who are Meredith Corporation's key executives?
Meredith Corporation's management team includes the folowing people:
- Stephen M. Lacy, Chairman of the Board, Chief Executive Officer (Age 63)
- Thomas H. Harty, President, Chief Operating Officer, Director (Age 54)
- D. Mell Meredith Frazier, Independent Vice Chairman of the Board (Age 61)
- Joseph H. Ceryanec, Chief Financial Officer (Age 56)
- Paul A. Karpowicz, President - Local Media Group (Age 64)
- Jonathan B. Werther, President, National Media Group (Age 48)
- Alysia Borsa, Chief Marketing and Data Officer
- John S. Zieser, Chief Development Officer, General Counsel, Secretary (Age 58)
- Donald A. Baer, Independent Director (Age 63)
- Donald C. Berg, Independent Director (Age 62)
Who owns Meredith Corporation stock?
Meredith Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.34%), Royce & Associates LP (3.59%), Bank of New York Mellon Corp (3.25%), Macquarie Group Ltd. (2.37%), Fisher Asset Management LLC (2.08%) and Channing Capital Management LLC (2.02%). 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.
Who sold Meredith Corporation stock? Who is selling Meredith Corporation stock?
Meredith Corporation's stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Bank of New York Mellon Corp, First Trust Advisors LP, Prudential Financial Inc., Dimensional Fund Advisors LP, Piedmont Investment Advisors LLC, BB&T Securities LLC and Gamco Investors INC. ET AL. Company insiders that have sold Meredith Corporation company 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.
Who bought Meredith Corporation stock? Who is buying Meredith Corporation stock?
Meredith Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Channing Capital Management LLC, Royce & Associates LP, Systematic Financial Management LP, Macquarie Group Ltd., Allianz Asset Management GmbH, Stevens Capital Management LP, Empirical Finance LLC and JPMorgan Chase & Co.. 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.
How do I buy Meredith Corporation stock?
Shares of Meredith Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Meredith Corporation's stock price today?
One share of Meredith Corporation stock can currently be purchased for approximately $60.90.
How big of a company is Meredith Corporation?
Meredith Corporation has a market capitalization of $2.67 billion and generates $1.71336 billion in revenue each year. The company earns $188.92 million in net income (profit) each year or $4.14 on an earnings per share basis. Meredith Corporation employs 3,620 workers across the globe.
How can I contact Meredith Corporation?
Meredith Corporation's mailing address is 1716 Locust St, DES MOINES, IA 50309-3038, United States. The company can be reached via phone at +1-515-2843000 or via email at email@example.com.
MarketBeat Community Rating for Meredith Corporation (NYSE MDP)MarketBeat's community ratings are surveys of what our community members think about Meredith Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Meredith Corporation (NYSE:MDP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.40)|
|Consensus Price Target: ||$61.00 (0.16% upside)|
Consensus Price Target History for Meredith Corporation (NYSE:MDP)
Analysts' Ratings History for Meredith Corporation (NYSE:MDP)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/13/2017||JMP Securities||Initiated Coverage||Market Perform||N/A|
|10/29/2017||Jefferies Group LLC||Reiterated Rating||Hold||N/A|
|10/27/2017||Wells Fargo & Company||Lower Price Target||Market Perform||$62.00 -> $54.00||N/A|
|6/5/2017||Benchmark Co.||Upgrade||Hold -> Buy||$65.00||High|
|5/2/2017||Citigroup Inc.||Upgrade||Neutral -> Buy||$58.00 -> $65.00||Low|
|1/29/2016||Stephens||Lower Price Target||Equal Weight||$50.00 -> $44.00||N/A|
|12/16/2015||Gabelli||Upgrade||Sell -> Hold||$50.00||N/A|
Earnings History and Estimates Chart for Meredith Corporation (NYSE:MDP)
Earnings History by Quarter for Meredith Corporation (NYSE MDP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017||Q1 2018||$0.63||$0.69||$397.50 million||$393.00 million||View||N/A|
|7/27/2017||Q4 2017||$0.96||$1.07||$439.61 million||$445.40 million||View||N/A|
|4/27/2017||Q3 2017||$0.87||$0.87||$422.61 million||$425.40 million||View||N/A|
|1/25/2017||Q217||$1.20||$1.30||$435.22 million||$442.60 million||View||N/A|
|10/27/2016||Q117||$0.72||$0.75||$400.77 million||$399.90 million||View||Listen|
|7/28/2016||Q416||$1.03||$1.08||$437.78 million||$435.78 million||View||Listen|
|4/28/2016||Q316||$0.80||$0.92||$414.66 million||$422.77 million||View||Listen|
|1/27/2016||Q216||$0.78||$0.80||$407.29 million||$406.40 million||View||Listen|
|10/29/2015||Q116||$0.51||$0.52||$383.40 million||$385.00 million||View||Listen|
|7/30/2015||Q415||$0.93||$0.94||$425.52 million||$425.90 million||View||Listen|
|4/23/2015||Q315||$0.68||$0.71||$401.65 million||$389.20 million||View||N/A|
|1/28/2015||Q215||$0.98||$1.00||$393.70 million||$398.90 million||View||N/A|
|10/23/2014||Q115||$0.63||$0.65||$370.70 million||$371.20 million||View||Listen|
|7/31/2014||Q414||$0.84||$0.88||$396.70 million||$390.80 million||View||Listen|
|4/24/2014||Q314||$0.66||$0.70||$370.33 million||$367.00 million||View||N/A|
|1/29/2014||Q214||$0.68||$0.69||$354.10 million||$354.05 million||View||N/A|
|10/24/2013||Q114||$0.52||$0.53||$359.70 million||$356.00 million||View||Listen|
|7/25/2013||Q4 2013||$0.72||$0.76||$383.05 million||$386.97 million||View||Listen|
|4/25/2013||Q3 2013||$0.68||$0.72||$354.43 million||$369.62 million||View||Listen|
|1/24/2013||Q2 2013||$0.86||$0.89||$374.52 million||$360.60 million||View||Listen|
Earnings Estimates for Meredith Corporation (NYSE:MDP)
2017 EPS Consensus Estimate: $3.77
2018 EPS Consensus Estimate: $3.38
2019 EPS Consensus Estimate: $3.72
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Meredith Corporation (NYSE:MDP)
|Dividend Growth:||6.70% (3 Year Average)|
|Payout Ratio:||50.24% (Trailing 12 Months of Earnings) |
61.36% (Based on This Year's Estimates)
53.75% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Meredith Corporation (NYSE MDP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Meredith Corporation (NYSE MDP)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 94.48%
Insider Trades by Quarter for Meredith Corporation (NYSE MDP)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/16/2017||Paul Karpowicz||Insider||Sell||4,291||$56.12||$240,810.92|| |
|8/16/2017||Stephen M Lacy||Chairman||Sell||10,816||$56.04||$606,128.64|| |
|8/15/2017||John S Zieser||Insider||Sell||1,924||$57.26||$110,168.24|| |
|8/14/2017||Paul Karpowicz||Insider||Sell||5,894||$57.43||$338,492.42|| |
|8/14/2017||Stephen M Lacy||Chairman||Sell||6,736||$57.17||$385,097.12|| |
|8/4/2017||Thomas H Harty||Insider||Sell||10,363||$57.80||$598,981.40|| |
|8/1/2017||Stephen M Lacy||Chairman||Sell||10,339||$60.91||$629,748.49|| |
|7/31/2017||Stephen M Lacy||CEO||Sell||10,268||$60.92||$625,526.56|| |
|7/31/2017||Thomas H Harty||Insider||Sell||20,028||$60.46||$1,210,892.88|| |
|5/3/2017||Steven M Cappaert||Insider||Sell||2,195||$56.96||$125,027.20|| |
|5/1/2017||Frederick B Henry||Director||Sell||3,995||$57.50||$229,712.50|| |
|5/1/2017||John S. Zieser||Insider||Sell||1,742||$57.77||$100,635.34|| |
|5/1/2017||Joseph H Ceryanec||CFO||Sell||1,247||$57.62||$71,852.14|| |
|11/14/2016||Frederick B Henry||Director||Sell||998||$52.00||$51,896.00|| |
|8/18/2016||John S Zieser||Insider||Sell||1,206||$55.00||$66,330.00|| |
|8/17/2016||Joseph H Ceryanec||CFO||Sell||4,554||$54.13||$246,508.02|| |
|8/16/2016||Stephen M Lacy||Chairman||Sell||14,110||$54.10||$763,351.00|| |
|8/1/2016||Joseph H. Ceryanec||CFO||Sell||9,145||$54.03||$494,104.35|| |
|8/1/2016||Stephen M. Lacy||Chairman||Sell||46,283||$54.15||$2,506,224.45|| |
|6/10/2016||Edwin T Iv Meredith||Major Shareholder||Buy||15,628||$51.24||$800,778.72|| |
|5/2/2016||Frederick B Henry||Director||Sell||1,186||$51.10||$60,604.60|| |
|5/2/2016||John S. Zieser||Insider||Sell||8,783||$51.21||$449,777.43|| |
|3/7/2016||John S. Zieser||Insider||Sell||5,665||$45.00||$254,925.00|| |
|2/10/2016||Donald C. Berg||Director||Buy||1,115||$38.50||$42,927.50|| |
|7/1/2015||Philip A Marineau||Director||Sell||6,315||$52.60||$332,169.00|| |
|4/27/2015||Frederick B Henry||Director||Sell||5,400||$53.23||$287,442.00|| |
|3/19/2015||Mary Sue Coleman||Director||Sell||6,000||$55.75||$334,500.00|| |
|3/6/2015||Katherine C Meredith||Major Shareholder||Sell||50,000||$52.70||$2,635,000.00|| |
|2/27/2015||Steven M Cappaert||Insider||Sell||3,122||$53.65||$167,495.30|| |
|2/3/2015||Joseph H Ceryanec||CFO||Sell||1,846||$53.83||$99,370.18|| |
|2/2/2015||Frederick B Henry||Director||Sell||3,615||$52.46||$189,642.90|| |
|12/3/2014||Frederick B Henry||Director||Sell||1,463||$53.08||$77,656.04|| |
|11/26/2014||Stephen M Lacy||CEO||Sell||9,235||$52.91||$488,623.85|| |
|11/3/2014||Mary Sue Coleman||Director||Sell||7,230||$52.06||$376,393.80|| |
|10/30/2014||Steven M Cappaert||Insider||Sell||3,600||$51.60||$185,760.00|| |
|10/29/2014||Thomas H Harty||Insider||Sell||12,123||$51.55||$624,940.65|| |
|10/23/2014||Philip A Marineau||Director||Sell||3,486||$44.99||$156,835.14|| |
|10/1/2014||Philip A Marineau||Director||Sell||2,328||$42.53||$99,009.84|| |
|9/2/2014||Philip A Marineau||Director||Sell||3,492||$46.22||$161,400.24|| |
|8/22/2014||Joseph H Ceryanec||CFO||Sell||8,215||$47.02||$386,269.30|| |
|8/22/2014||Steven M Cappaert||Insider||Sell||4,521||$46.95||$212,260.95|| |
|8/20/2014||John S Zieser||Insider||Sell||8,898||$46.35||$412,422.30|| |
|8/5/2014||Edwin T Iv Meredith||Major Shareholder||Sell||200,000||$45.08||$9,016,000.00|| |
|8/4/2014||Frederick B Henry||Director||Sell||9,615||$45.97||$442,001.55|| |
|8/4/2014||John S Zieser||Insider||Sell||1,837||$46.07||$84,630.59|| |
|8/1/2014||Philip A Marineau||Director||Sell||3,492||$45.98||$160,562.16|| |
|7/1/2014||Philip A Marineau||Director||Sell||6,984||$49.53||$345,917.52|| |
|6/2/2014||Philip A Marineau||Director||Sell||3,492||$44.96||$157,000.32|| |
|5/23/2014||Paul Karpowicz||Insider||Sell||30,070||$45.46||$1,366,982.20|| |
|5/21/2014||Paul Karpowicz||Insider||Sell||17,149||$45.28||$776,506.72|| |
|5/19/2014||Donald Berg||Director||Buy||1,000||$44.38||$44,380.00|| |
|5/1/2014||Philip Marineau||Director||Sell||2,328||$43.48||$101,221.44|| |
|2/3/2014||Frederick Henry||Director||Sell||1,719||$45.41||$78,059.79|| |
|2/3/2014||John Zieser||Insider||Sell||9,747||$45.42||$442,708.74|| |
|2/3/2014||Joseph Ceryanec||CFO||Sell||3,500||$45.42||$158,970.00|| |
|8/20/2013||James Craigie||Director||Sell||8,209||$45.07||$369,979.63|| |
|8/15/2013||Frederick Henry||Director||Sell||9,615||$44.95||$432,194.25|| |
|8/14/2013||Stephen Lacy||CEO||Sell||28,948||$47.98||$1,388,925.04|| |
|8/12/2013||John Zieser||Insider||Sell||4,872||$47.59||$231,858.48|| |
|8/12/2013||Joseph Ceryanec||CFO||Sell||4,339||$47.49||$206,059.11|| |
|8/12/2013||Stephen Lacy||CEO||Sell||28,948||$48.06||$1,391,240.88|| |
|7/29/2013||Stephen M Lacy||CEO||Sell||138,345||$47.36||$6,552,019.20|| |
|7/29/2013||Steven M Cappaert||Insider||Sell||8,862||$47.32||$419,349.84|| |
|5/20/2013||Thomas H Harty||Insider||Sell||17,216||$42.67||$734,606.72|| |
|5/14/2013||Stephen M Lacy||CEO||Sell||50,183||$42.24||$2,119,729.92|| |
Latest Headlines for Meredith Corporation (NYSE MDP)
Meredith Corporation (NYSE MDP) Chart for Sunday, November, 19, 2017