Log in

NYSE:MDP - Meredith Stock Price, Forecast & News

$35.13
-1.20 (-3.30 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
$34.94
Now: $35.13
$36.35
50-Day Range
$33.98
MA: $36.16
$39.04
52-Week Range
$30.69
Now: $35.13
$60.95
Volume520,943 shs
Average Volume417,650 shs
Market Capitalization$1.59 billion
P/E Ratio7.47
Dividend Yield6.33%
Beta1.12
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$8.65 per share
Book Value$21.56 per share

Profitability

Net Income$46.30 million

Miscellaneous

Employees5,670
Market Cap$1.59 billion
Next Earnings Date2/10/2020 (Estimated)
OptionableOptionable

Receive MDP News and Ratings via Email

Sign-up to receive the latest news and ratings for MDP and its competitors with MarketBeat's FREE daily newsletter.


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 dividend on Thursday, November 14th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.575 per share on Friday, December 13th. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Meredith's previous dividend of $0.43. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) issued its earnings results on Thursday, November, 7th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.11. The company earned $725.20 million during the quarter, compared to analyst estimates of $734.43 million. Meredith had a return on equity of 30.23% and a net margin of 1.14%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. 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 issued an update on its second quarter 2020 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $1.59-1.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.70. The company issued revenue guidance of $$785-810 million, compared to the consensus revenue estimate of $$809.62 million.

What price target have analysts set for MDP?

6 brokers have issued 12-month target prices for Meredith's shares. Their forecasts range from $30.00 to $54.97. On average, they anticipate Meredith's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price. View Analyst Price Targets for Meredith.

What is the consensus analysts' recommendation for Meredith?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 3 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?

News stories about MDP stock have trended positive on Saturday, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meredith earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Meredith.

Are investors shorting Meredith?

Meredith saw a drop in short interest during the month of November. As of November 15th, there was short interest totalling 5,630,000 shares, a drop of 9.0% from the October 31st total of 6,190,000 shares. Based on an average daily trading volume, of 814,200 shares, the days-to-cover ratio is presently 6.9 days. Currently, 14.4% of the shares of the stock are short sold. 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), Verizon Communications (VZ), Exxon Mobil (XOM), QUALCOMM (QCOM), AbbVie (ABBV), Altria Group (MO), Kraft Heinz (KHC), Starbucks (SBUX) and Walt Disney (DIS).

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 number of of retail and institutional investors. Top institutional investors include State Street Corp (12.47%), Fairpointe Capital LLC (3.73%), Millennium Management LLC (2.17%), Gamco Investors INC. ET AL (1.12%), River Road Asset Management LLC (0.90%) and Gabelli Funds LLC (0.55%). 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 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 Millennium Management LLC, Foundry Partners LLC, Russell Investments Group Ltd., Goelzer Investment Management Inc., BB&T Securities LLC, River Road Asset Management LLC, Squarepoint Ops LLC and First Trust Advisors LP. 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 State Street Corp, Man Group plc, Fairpointe Capital LLC, Edmp Inc., Gamco Investors INC. ET AL, Tealwood Asset Management Inc., State of New Jersey Common Pension Fund D and Gabelli Funds 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 $35.13.

How big of a company is Meredith?

Meredith has a market capitalization of $1.59 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:  338 (Vote Outperform)
Underperform Votes:  462 (Vote Underperform)
Total Votes:  800
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 12/14/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel