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Meredith Stock Price, Forecast & Analysis (NYSE:MDP)

$35.81
+0.35 (+0.99 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$35.00
Now: $35.81
$36.02
50-Day Range
$32.39
MA: $36.34
$39.04
52-Week Range
$30.69
Now: $35.81
$60.95
Volume353,981 shs
Average Volume883,478 shs
Market Capitalization$1.62 billion
P/E Ratio7.41
Dividend Yield6.37%
Beta1.15
Meredith Corporation operates as a diversified media company in the United States, Europe, and Asia. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. Read More…

Industry, Sector and Symbol

Industry Periodicals
Sub-IndustryPublishing
SectorConsumer Staples
CUSIP58943310
Phone515-284-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.19 billion
Cash Flow$8.89 per share
Book Value$20.53 per share

Profitability

Net Income$46.30 million

Miscellaneous

Employees5,670
Market Cap$1.62 billion
Next Earnings Date2/10/2020 (Estimated)
OptionableOptionable

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Meredith (NYSE:MDP) Frequently Asked Questions

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 Thursday, August 8th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.575 per share on Friday, September 13th. This represents a $2.30 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Thursday, August 29th. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) announced its quarterly earnings results on Thursday, November, 7th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.88 by $0.11. The business earned $725.20 million during the quarter, compared to the consensus estimate of $734.43 million. Meredith had a net margin of 1.14% and a return on equity of 30.23%. Meredith's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. View Meredith's Earnings History.

When is Meredith's next earnings date?

Meredith is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Meredith.

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

Meredith updated its second quarter earnings guidance on Thursday, November, 7th. The company provided earnings per share (EPS) guidance of $1.59-1.72 for the period, compared to the Thomson Reuters consensus estimate of $1.77.

What price target have analysts set for MDP?

5 analysts have issued 1 year target prices for Meredith's stock. Their forecasts range from $30.00 to $54.97. On average, they expect Meredith's stock price to reach $42.39 in the next year. This suggests a possible upside of 18.4% from the stock's current price. View Analyst Price Targets for Meredith.

What is the consensus analysts' recommendation for Meredith?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Meredith.

What are Wall Street analysts saying about Meredith stock?

Here are some recent quotes from research analysts about Meredith stock:
  • 1. According to Zacks Investment Research, "Shares of Meredith have slid and lagged the industry in the past three months. The stock got hit following fourth-quarter fiscal 2019 results, wherein revenues fell year over year. Also, management’s commentary of commencing fiscal 2020 at a lower profit point than initially expected and soft adjusted earnings view for fiscal year added to woes. Industry experts pointed that Time Inc. buyout is not generating desirable results. Looking into fiscal 2020, Meredith expects lower contribution from consumer related revenues at National Media Group due to low-margin magazine subscriptions inside the legacy Time Inc. brands. Also, Local Media Group will be cycling against record political advertising revenues generated in fiscal 2019. Nonetheless, Meredith expects mid-single digit growth in digital advertising revenue in National Media Group." (11/6/2019)
  • 2. Benchmark Co. analysts commented, "We expect value to be unlocked over time through incremental asset sales (TV?), with EBITDA reaching the billion dollar goal by 2021, reinforcing the acquisition. We would characterize the ~$10 million shortfall in NMG as squarely a result of 1) not having clean comparisons; 2) improperly reflecting asset sales and seasonality, with the bulk of the “miss” coming in “other” categories (same for the guide in both NMG and Local). Print declines in the mid-teens largely matched our forecast, while subscription revenue came in a touch higher than our projection. If there was an area of disappointment, it was the continued lack of growth in digital, with management calling out ongoing disruption to operations during the integration process." (2/12/2019)

Has Meredith been receiving favorable news coverage?

Headlines about MDP stock have trended somewhat negative on Friday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meredith earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Meredith.

Are investors shorting Meredith?

Meredith saw a decline in short interest in October. As of October 31st, there was short interest totalling 5,630,000 shares, a decline of 9.0% from the September 30th total of 6,190,000 shares. Based on an average daily trading volume, of 814,200 shares, the short-interest ratio is currently 6.9 days. Approximately 14.4% of the shares of the company are sold short. View Meredith's Current Options Chain.

Who are some of Meredith's key competitors?

What other stocks do shareholders of Meredith own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meredith investors own include AT&T (T), Intel (INTC), Macquarie Infrastructure (MIC), Verizon Communications (VZ), Exxon Mobil (XOM), QUALCOMM (QCOM), AbbVie (ABBV), Kraft Heinz (KHC), CVS Health (CVS) and General Motors (GM).

Who are Meredith's key executives?

Meredith's management team includes the folowing people:
  • Mr. Thomas H. Harty, Pres, CEO & Director (Age 56)
  • Mr. Joseph H. Ceryanec, Chief Financial Officer (Age 58)
  • Mr. John S. Zieser, Chief Devel. Officer, Gen. Counsel & Sec. (Age 60)
  • Mr. Jonathan B. Werther, Pres of National Media Group (Age 50)
  • Mr. Mike Lovell, Director of Investor Relations

Who are Meredith's major shareholders?

Meredith's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Gamco Investors INC. ET AL (1.12%), River Road Asset Management LLC (0.90%), Gabelli Funds LLC (0.55%), Edmp Inc. (0.38%), Foundry Partners LLC (0.32%) and Rhumbline Advisers (0.26%). Company insiders that own Meredith stock include Donald C Berg, Edwin T Iv Meredith, Elizabeth E Tallett, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Meredith D Mell Frazier, Paul Karpowicz and Thomas H Harty. View Institutional Ownership Trends for Meredith.

Which institutional investors are selling Meredith stock?

MDP stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Russell Investments Group Ltd., Goelzer Investment Management Inc., BB&T Securities LLC, River Road Asset Management LLC, First Trust Advisors LP, Boston Private Wealth LLC and Janney Montgomery Scott LLC. Company insiders that have sold Meredith company stock in the last year include Frederick B Henry and John S Zieser. View Insider Buying and Selling for Meredith.

Which institutional investors are buying Meredith stock?

MDP stock was bought by a variety of institutional investors in the last quarter, including Edmp Inc., Gamco Investors INC. ET AL, Tealwood Asset Management Inc., State of New Jersey Common Pension Fund D, Gabelli Funds LLC, California Public Employees Retirement System, North Star Investment Management Corp. and SG Americas Securities LLC. Company insiders that have bought Meredith stock in the last two years include Donald C Berg, Elizabeth E Tallett and Thomas H Harty. View Insider Buying and Selling for Meredith.

How do I buy shares of Meredith?

Shares of MDP 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, Robinhood, Fidelity and Charles Schwab.

What is Meredith's stock price today?

One share of MDP stock can currently be purchased for approximately $35.81.

How big of a company is Meredith?

Meredith has a market capitalization of $1.62 billion and generates $3.19 billion in revenue each year. Meredith employs 5,670 workers across the globe.View Additional Information About Meredith.

What is Meredith's official website?

The official website for Meredith is http://www.meredith.com/.

How can I contact Meredith?

Meredith's mailing address is 1716 LOCUST ST, DES MOINES IA, 50309. The company can be reached via phone at 515-284-3000 or via email at [email protected]


MarketBeat Community Rating for Meredith (NYSE MDP)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  331 (Vote Outperform)
Underperform Votes:  456 (Vote Underperform)
Total Votes:  787
MarketBeat's community ratings are surveys of what our community members think about Meredith and other stocks. Vote "Outperform" if you believe MDP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MDP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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