Meredith Corporation Company Profile (NYSE:MDP)

Meredith Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDP."

Meredith Corporation declared a quarterly dividend on Wednesday, August 9th. Investors of record on Thursday, August 31st will be given a dividend of $0.52 per share on Friday, September 15th. This represents a $2.08 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, August 29th. View Meredith Corporation's Dividend History.

Meredith Corporation (NYSE:MDP) posted its quarterly earnings results on Thursday, July, 27th. The company reported $1.07 EPS for the quarter, beating the Zacks' consensus estimate of $0.96 by $0.11. The business had revenue of $445.40 million for the quarter, compared to analyst estimates of $439.61 million. Meredith Corporation had a return on equity of 18.98% and a net margin of 11.03%. Meredith Corporation's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. View Meredith Corporation's Earnings History.

Meredith Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Meredith Corporation.

Meredith Corporation updated its FY18 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $3.20-$3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.42. Meredith Corporation also updated its Q1 guidance to $0.60-$0.65 EPS.

4 brokerages have issued 1 year target prices for Meredith Corporation's stock. Their forecasts range from $60.00 to $65.00. On average, they expect Meredith Corporation's stock price to reach $63.33 in the next year. View Analyst Ratings for Meredith Corporation.

Here are some recent quotes from research analysts about Meredith Corporation stock:

• 1. According to Zacks Investment Research, "Shares of Meredith have underperformed the industry in the past three months. Waning print media trends due to shift from traditional advertising and stiff competition continues to pose concern for investors. Meanwhile, earnings in both first-quarter and fiscal 2018 are expected to decline year over year as the fiscal 2017 benefited from record political advertising revenues. Local Media Group revenues are projected to be flat to down slightly, while revenues from National Media are anticipated to be flat to up marginally. Nevertheless, Meredith’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. Of late, estimates have been stable ahead of the company’s first quarter earnings results." (10/20/2017)
• 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)

Some companies that are related to Meredith Corporation include Coca-Cola Amatil (CCLAY), National Beverage Corp. (FIZZ), Flowers Foods (FLO), The Hain Celestial Group (HAIN), Treehouse Foods (THS), Tate & Lyle PLC (TATYY), 51job (JOBS), Energizer Holdings (EPC), Snyder's-Lance (LNCE), Sanderson Farms (SAFM), Nu Skin Enterprises (NUS), Lancaster Colony Corporation (LANC), HRG Group (HRG), New York Times Company (The) (NYT), Industrias Bachoco, S.A. de C.V. (IBA), Darling Ingredients (DAR), Energizer Holdings (ENR) and Vector Group (VGR).

Meredith Corporation's management team includes the folowing people:

• Stephen M. Lacy, Chairman of the Board, Chief Executive Officer
• Thomas H. Harty, President, Chief Operating Officer, Director
• D. Mell Meredith Frazier, Independent Vice Chairman of the Board
• Joseph H. Ceryanec, Chief Financial Officer
• Paul A. Karpowicz, President - Local Media Group
• Jonathan B. Werther, President, National Media Group
• Alysia Borsa, Chief Marketing and Data Officer
• John S. Zieser, Chief Development Officer, General Counsel, Secretary
• Beth J. Kaplan, Director
• Donald A. Baer, Independent Director

Meredith Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (2.08%) and Mutual of America Capital Management LLC (0.07%). 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.

Meredith Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC. Company insiders that have sold Meredith Corporation 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.

Meredith Corporation's stock was bought by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. 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.

Shares of Meredith Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Meredith Corporation stock can currently be purchased for approximately $53.70.