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NYSE:MDP

Meredith Stock Forecast, Price & News

$11.00
-0.63 (-5.42 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$10.90
Now: $11.00
$11.75
50-Day Range
$11.07
MA: $12.67
$13.99
52-Week Range
$10.01
Now: $11.00
$39.84
Volume907,313 shs
Average Volume1.22 million shs
Market Capitalization$499.65 million
P/E RatioN/A
Dividend YieldN/A
Beta1.66
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: 3.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.25 out of 5 stars

Industry, Sector and Symbol

Industry Periodicals
Sub-IndustryPublishing
CUSIP58943310
Phone515-284-3000
Employees5,370

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.85 billion
Cash Flow$8.27 per share
Book Value$8.55 per share

Profitability

Net Income$-234,300,000.00

Miscellaneous

Market Cap$499.65 million
Next Earnings Date11/5/2020 (Confirmed)
OptionableOptionable
$11.00
-0.63 (-5.42 %)
(As of 10/30/2020 12:00 AM 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 COVID-19 (Coronavirus)?

Meredith's stock was trading at $22.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MDP stock has decreased by 50.6% and is now trading at $11.00.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Meredith?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 2 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 can I listen to Meredith's earnings call?

Meredith will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) released its earnings results on Thursday, August, 13th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.33. The company earned $611.20 million during the quarter. Meredith had a positive return on equity of 27.06% and a negative net margin of 8.23%.
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 dividend yield of 21.64%. 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?

3 equities research analysts have issued twelve-month price objectives for Meredith's shares. Their forecasts range from $18.00 to $40.00. On average, they expect Meredith's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 163.6% from the stock's current price.
View analysts' price targets for Meredith
.

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), AbbVie (ABBV), Exxon Mobil (XOM), Cisco Systems (CSCO), Chevron (CVX), Energy Transfer (ET), Pfizer (PFE), Gilead Sciences (GILD) and Altria Group (MO).

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 number of institutional and retail investors. Top institutional investors include Prudential PLC (1.01%), Edmp Inc. (0.29%), Comerica Bank (0.09%), Louisiana State Employees Retirement System (0.04%), BNP Paribas Arbitrage SA (0.02%) and Foundry Partners LLC (0.02%). 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 North Star Investment Management Corp., Edmp Inc., Nisa Investment Advisors LLC, and Comerica Bank.
View insider buying and selling activity for Meredith
.

Which institutional investors are buying Meredith stock?

MDP stock was bought by a variety of institutional investors in the last quarter, including Prudential PLC, Foundry Partners LLC, Louisiana State Employees Retirement System, New Mexico Educational Retirement Board, New Mexico Educational Retirement Board, and BNP Paribas Arbitrage SA. 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 $11.00.

How big of a company is Meredith?

Meredith has a market capitalization of $499.65 million and generates $2.85 billion in revenue each year. Meredith employs 5,370 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 10/31/2020 by MarketBeat.com Staff

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