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NYSE:MDPMeredith Stock Price, Forecast & News

$14.46
-1.58 (-9.85 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$13.86
Now: $14.46
$15.27
50-Day Range
$13.00
MA: $14.54
$16.68
52-Week Range
$10.01
Now: $14.46
$45.70
Volume1.72 million shs
Average Volume1.44 million shs
Market Capitalization$656.31 million
P/E RatioN/A
Dividend YieldN/A
Beta1.67
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. It publishes media in entertainment, food, lifestyle, parenting, and home categories, such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Shape, Southern Living, Martha Stewart Living, and other brands, as well as 275 special interest publications under approximately 68 brands. This segment operates approximately 60 Websites, 60 mobile-optimized Websites, and 14 applications. It is also involved in the third-party marketing, consumer database, and other related operations, as well as provision of magazine advertising and circulation, digital and customer relationship marketing, other custom publishing project, and ancillary products and services. In addition, this segment operates The Foundry, a creative content studio, which develops content marketing programs across various platforms comprising native advertising that enable clients to engage new consumers and build long-term relationships with existing customers for a range of industries. The Local Media segment operates approximately 17 television stations that include 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. It also includes 12 Websites, 12 mobile-optimized Websites, and approximately 30 applications focused on news, sports, and weather-related information. In addition, this segment sells geographic and demographic-targeted digital and print advertising programs to third parties. The company was founded in 1902 and is headquartered in Des Moines, Iowa.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars


Industry, Sector and Symbol

Industry Periodicals
Sub-IndustryPublishing
CUSIP58943310
Phone515-284-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.19 billion
Cash Flow$8.36 per share
Book Value$21.56 per share

Profitability

Net Income$46.30 million

Miscellaneous

Employees5,670
Market Cap$656.31 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$14.46
-1.58 (-9.85 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Meredith (NYSE:MDP) Frequently Asked Questions

How has Meredith's stock been impacted by Coronavirus (COVID-19)?

Meredith's stock was trading at $22.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MDP shares have decreased by 35.1% and is now trading at $14.46.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Meredith?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Meredith
.

When is Meredith's next earnings date?

Meredith is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Meredith
.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) released its quarterly earnings data on Thursday, August, 13th. The company reported ($0.14) EPS for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.33. Meredith had a negative net margin of 8.39% and a positive return on equity of 32.80%.
View Meredith's earnings history
.

How often does Meredith pay dividends? What is the dividend yield for Meredith?

Meredith declared a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, February 28th will be given a dividend of $0.595 per share on Friday, March 13th. This represents a $2.38 dividend on an annualized basis and a yield of 16.46%. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Meredith's previous quarterly dividend of $0.58.
View Meredith's dividend history
.

What price target have analysts set for MDP?

5 brokers have issued 1 year price objectives for Meredith's shares. Their forecasts range from $18.00 to $48.00. On average, they expect Meredith's stock price to reach $34.20 in the next twelve months. This suggests a possible upside of 136.5% from the stock's current price.
View analysts' price targets for Meredith
.

Has Meredith been receiving favorable news coverage?

Media stories about MDP stock have been trending somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meredith earned a news impact score of -1.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the stock's share price in the next several days.
View the latest news about Meredith
.

Are investors shorting Meredith?

Meredith saw a decrease in short interest during the month of February. As of February 15th, there was short interest totaling 6,580,000 shares, a decrease of 41.3% from the January 31st total of 11,200,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is currently 5.6 days. Currently, 16.8% of the shares of the stock are short sold.
View Meredith's Short Interest
.

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), Verizon Communications (VZ), Exxon Mobil (XOM), Cisco Systems (CSCO), AbbVie (ABBV), Carnival (CCL), Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), Pfizer (PFE) and Chevron (CVX).

Who are Meredith's key executives?

Meredith's management team includes the following 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

What is Meredith's stock symbol?

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

Who are Meredith's major shareholders?

Meredith's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.09%), Healthcare of Ontario Pension Plan Trust Fund (3.08%), Goldman Sachs Group Inc. (2.37%), Silvercrest Asset Management Group LLC (2.17%), Gamco Investors INC. ET AL (1.75%) and Bank of New York Mellon Corp (1.06%). Company insiders that own Meredith stock include Donald C Berg, Elizabeth E Tallett, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Patrick Mccreery, 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 Goldman Sachs Group Inc., ProShare Advisors LLC, Advisor Group Holdings Inc., Bank of New York Mellon Corp, Healthcare of Ontario Pension Plan Trust Fund, Russell Investments Group Ltd., Ancora Advisors LLC, and Prudential PLC.
View insider buying and selling activity for Meredith
.

Which institutional investors are buying Meredith stock?

MDP stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Prudential Financial Inc., Vanguard Group Inc., First Trust Advisors LP, PDT Partners LLC, Silvercrest Asset Management Group LLC, UBS Group AG, and Tudor Investment Corp Et Al. Company insiders that have bought Meredith stock in the last two years include Donald C Berg, Elizabeth E Tallett, Patrick Mccreery, Steven M Cappaert, and Thomas H Harty.
View insider buying and selling activity 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 $14.46.

How big of a company is Meredith?

Meredith has a market capitalization of $656.31 million and generates $3.19 billion in revenue each year. Meredith employs 5,670 workers across the globe.

What is Meredith's official website?

The official website for Meredith is 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]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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