Meredith Corporation operates as a diversified media company in the United States. It operates in two segments, Local Media and National Media. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. This segment also includes 12 Websites, 12 mobile-optimized Websites, and approximately 30 applications focused on news, sports, and weather-related information. The National Media segment publishes magazines for women. This segment publishes approximately 20 subscription magazines that include Better Homes & Gardens, Parents, Family Circle, Allrecipes, Rachael Ray Every Day, Martha Stewart Living, Shape, and FamilyFun, as well as approximately 140 special interest publications under approximately 90 titles. Its portfolio also includes approximately 50 Websites, 30 mobile-optimized Websites, and 20 applications. In addition, this segment offers digital and customer relationship marketing services, such as specialized marketing products and services to America's companies. Further, it is involved in the provision of a consumer database, as well as custom content; and brand licensing activities and other related operations. The company was founded in 1902 and is headquartered in Des Moines, Iowa.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Periodicals
Sub-IndustryPublishing
SectorConsumer Staples
SymbolNYSE:MDP
CUSIP58943310
Phone515-284-3000
Debt
Debt-to-Equity Ratio2.75
Current Ratio1.71
Quick Ratio1.67
Price-To-Earnings
Trailing P/E Ratio13.13
Forward P/E Ratio13.96
P/E Growth0.44
Sales & Book Value
Annual Sales$1.71 billion
Price / Sales1.37
Cash Flow$5.7947 per share
Price / Cash9.06
Book Value$22.35 per share
Price / Book2.35
Profitability
EPS (Most Recent Fiscal Year)$4.00
Net Income$188.92 million
Net Margins6.62%
Return on Equity15.46%
Return on Assets4.39%
Miscellaneous
Employees3,620
Outstanding Shares44,870,000
Market Cap$2,308.51
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 Wednesday, May 9th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.545 per share on Friday, June 15th. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Wednesday, May 30th. View Meredith's Dividend History.
How were Meredith's earnings last quarter?
Meredith Co. (NYSE:MDP) posted its quarterly earnings data on Thursday, May, 10th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.33. The firm earned $648.80 million during the quarter, compared to analyst estimates of $752.28 million. Meredith had a net margin of 6.62% and a return on equity of 15.46%. Meredith's revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. View Meredith's Earnings History.
When is Meredith's next earnings date?
What price target have analysts set for MDP?
6 brokers have issued 1-year target prices for Meredith's shares. Their forecasts range from $70.00 to $80.00. On average, they expect Meredith's stock price to reach $75.3333 in the next year. This suggests a possible upside of 43.5% from the stock's current price. View Analyst Ratings 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 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 underperformed the industry in the past six months. With advancing technology, the print media is on a decline. Waning print media trends, shift from traditional advertising and stiff competition act as deterrent. Also, the decline in adjusted EBITDA margin is a woe. However, Meredith’s strategic initiatives in digital space, brand licensing activities, solid portfolio of television stations and a robust earnings surprise history reinforce its position as one of the leading media and marketing companies. Moreover, the company acquired Time Inc. to create a leading media company. Meredith expects to generate cost synergies of more than $500 million annually in the first two years of the combined firm’s operations. In keeping with its strategy to focus on core operations, Meredith is offloading non-core brands." (7/3/2018)
- 2. Benchmark Co. analysts commented, "We view Steve’s 10,000+ share purchase as a reasonably strong statement of belief in a combination of the medium-long-term outlook as well as the current valuation of the existing asset base, and suspect the purchase will prove prudent over the next 12 months regardless of any interim noise. With all of the attention on the Publishing results, and given some challenging core results (as well as weakness across the entire sector), we think MDP’s broadcast asset is being overlooked. While it’s hard to gauge if a sale is being considered down the road (tax and spin implications make a near-term sale challenging), the Firm has a strong portfolio, with 4 duopolies in the top 31 DMAs, which we have already seen drive retrans leverage within our universe (we note MDP’s Other line jumped from $64.2 million in F2Q18 to $88.9 million in F3Q18)." (6/12/2018)
Who are some of Meredith's key competitors?
Some companies that are related to Meredith include US Foods (USFD), Blue Buffalo Pet Products (BUFF), PINNACLE FOODS INC Common Stock (PF), JBS S A/S (JBSAY), Ingredion (INGR), Service Co. International (SCI), REMY COINTREAU/ADR (REMYY), San Miguel (SMGBY), Post (POST), Square Enix (SQNXF), 51job (JOBS), Glanbia (GLAPY), COCA COLA AMATI/ADR (CCLAY), National Beverage (FIZZ) and BRF S.A. common stock (BRFS).
Who are Meredith's key executives?
Meredith's management team includes the folowing people:
- Mr. Thomas H. Harty, CEO & Pres (Age 55)
- Mr. Joseph H. Ceryanec, Chief Financial Officer (Age 57)
- Mr. John S. Zieser Esq., Chief Devel. Officer, Gen. Counsel & Sec. (Age 59)
- Mr. Paul A. Karpowicz, Pres of Local Media Group (Age 65)
- Mr. Mike Lovell, Director of Investor Relations
Has Meredith been receiving favorable news coverage?
News articles about MDP stock have been trending somewhat negative this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meredith earned a news sentiment score of -0.15 on Accern's scale. They also assigned press coverage about the company an impact score of 48.72 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Meredith's major shareholders?
Meredith's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Deprince Race & Zollo Inc. (2.09%), Fisher Asset Management LLC (2.00%), Foundry Partners LLC (0.57%), Rowland & Co. Investment Counsel ADV (0.08%), Nisa Investment Advisors LLC (0.06%) and Bank of Montreal Can (0.03%). Company insiders that own Meredith stock include Donald C Berg, Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Meredith D Mell Frazier, Paul Karpowicz, Stephen M Lacy, Steven M Cappaert 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 Fisher Asset Management LLC, Bank of Montreal Can and Municipal Employees Retirement System of Michigan. Company insiders that have sold Meredith company stock in the last year include Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Meredith D Mell Frazier, Paul Karpowicz, Stephen M Lacy and Thomas H Harty. View Insider Buying and Selling for Meredith.
Which institutional investors are buying Meredith stock?
MDP stock was purchased by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Foundry Partners LLC, Fox Run Management L.L.C., Rowland & Co. Investment Counsel ADV, Nisa Investment Advisors LLC and Marshwinds Advisory Co.. 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, Scottrade, Fidelity and Charles Schwab.
What is Meredith's stock price today?
One share of MDP stock can currently be purchased for approximately $52.50.
How big of a company is Meredith?
Meredith has a market capitalization of $2.31 billion and generates $1.71 billion in revenue each year. The company earns $188.92 million in net income (profit) each year or $4.00 on an earnings per share basis. Meredith employs 3,620 workers across the globe.
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)
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.
