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. Shareholders 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 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Tuesday, August 29th. View Meredith Corporation's Dividend History.

Meredith Corporation (NYSE:MDP) issued its quarterly earnings results on Thursday, July, 27th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.11. The company earned $445.40 million during the quarter, compared to analysts' expectations of $439.61 million. Meredith Corporation had a net margin of 11.03% and a return on equity of 18.98%. Meredith Corporation's revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $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 (EPS) guidance of $3.20-$3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.42. Meredith Corporation also updated its Q1 guidance to $0.60-$0.65 EPS.

4 brokerages have issued 12 month price targets for Meredith Corporation's shares. Their forecasts range from $60.00 to $65.00. On average, they anticipate Meredith Corporation's stock price to reach $63.33 in the next twelve months. View Analyst Ratings for Meredith Corporation.

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

• 1. According to Zacks Investment Research, "Meredith has performed in line with the industry in the past one month. The company’s strategic initiatives particularly in digital space, brand licensing activities, great group of television stations and solid earnings surprise history are the pillars that reinforce its position as one of the leading media and marketing company. However, the year-over-year decline in third-quarter fiscal 2017 earnings do raise concern, as the revenue beat for the second straight quarter failed to alleviate the same. Nevertheless, management echoed its fiscal 2017 earnings per share projection and now envisions total revenue to be up marginally in the final quarter. Local Media Group’s revenue is expected to be up mid-single digits, while that of National Media Group is likely to be down marginally in the final quarter. We believe waning print media trends due to shift from traditional advertising and stiff competition still remain headwinds." (6/28/2017)
• 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 Energizer Holdings (EPC), The Hain Celestial Group (HAIN), Tate & Lyle PLC (TATYY), Flowers Foods (FLO), 51job (JOBS), Treehouse Foods (THS), Sanderson Farms (SAFM), Snyder's-Lance (LNCE), Industrias Bachoco, S.A. de C.V. (IBA), Nu Skin Enterprises (NUS), Lancaster Colony Corporation (LANC), New York Times Company (The) (NYT), HRG Group (HRG), John Wiley & Sons (JW.A), Darling Ingredients (DAR), Tupperware Brands Corporation (TUP), Energizer Holdings (ENR) and Ollie's Bargain Outlet Holdings (OLLI).

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
• John S. Zieser, Chief Development Officer, General Counsel, Secretary
• Beth J. Kaplan, Director
• Donald A. Baer, Independent Director
• Donald C. Berg, Independent Director

Meredith Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (19.15%), State Street Corp (12.52%), Vanguard Group Inc. (9.04%), Dimensional Fund Advisors LP (4.98%), Royce & Associates LP (3.86%) and Bank of New York Mellon Corp (3.36%). 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 Schroder Investment Management Group, AHL Partners LLP, JPMorgan Chase & Co., Prudential Financial Inc., Engineers Gate Manager LP, Gotham Asset Management LLC, Fisher Asset Management LLC and Acadian 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 State Street Corp, BlackRock Inc., Royce & Associates LP, Systematic Financial Management LP, Aberdeen Asset Management PLC UK, Nordea Investment Management AB, Bank of New York Mellon Corp and Macquarie Group Ltd.. 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 $53.45.