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NYSE:MDP - Meredith Stock Price, Forecast & News

$30.99
-0.63 (-1.99 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$30.78
Now: $30.99
$31.84
50-Day Range
$29.67
MA: $31.45
$34.90
52-Week Range
$29.03
Now: $30.99
$60.95
Volume752,531 shs
Average Volume1.96 million shs
Market Capitalization$1.41 billion
P/E RatioN/A
Dividend Yield7.27%
Beta1.11
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. Read More…

Industry, Sector and Symbol

Industry Periodicals
Sub-IndustryPublishing
SectorConsumer Staples
CUSIP58943310
Phone515-284-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.19 billion
Cash Flow$8.78 per share
Book Value$20.52 per share

Profitability

Net Income$46.30 million

Miscellaneous

Employees5,670
Market Cap$1.41 billion
Next Earnings Date5/8/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 28th will be paid a dividend of $0.595 per share on Friday, March 13th. This represents a $2.38 annualized dividend and a yield of 7.68%. The ex-dividend date is Thursday, February 27th. This is an increase from Meredith's previous quarterly dividend of $0.58. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) released its quarterly earnings results on Thursday, February, 6th. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.40. The firm earned $810.50 million during the quarter, compared to analyst estimates of $792.43 million. Meredith had a net margin of 1.78% and a return on equity of 33.80%. Meredith's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. View Meredith's Earnings History.

When is Meredith's next earnings date?

Meredith is scheduled to release their next quarterly earnings announcement on Friday, May 8th 2020. View Earnings Estimates for Meredith.

What guidance has Meredith issued on next quarter's earnings?

Meredith updated its FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share (EPS) guidance of $5.75-6.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.42. The company issued revenue guidance of $3.0-3.2 billion, compared to the consensus revenue estimate of $3.05 billion.

What price target have analysts set for MDP?

5 Wall Street analysts have issued 12 month target prices for Meredith's stock. Their forecasts range from $30.00 to $48.00. On average, they anticipate Meredith's share price to reach $39.40 in the next year. This suggests a possible upside of 27.1% from the stock's current price. View Analyst Price Targets for Meredith.

What is the consensus analysts' recommendation for Meredith?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meredith.

Has Meredith been receiving favorable news coverage?

Press coverage about MDP stock has trended somewhat positive this week, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Meredith earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Meredith.

Are investors shorting Meredith?

Meredith saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 10,130,000 shares, an increase of 22.8% from the January 15th total of 8,250,000 shares. Based on an average daily volume of 791,600 shares, the days-to-cover ratio is currently 12.8 days. Approximately 25.8% of the shares of the stock are short sold. View Meredith's Current Options Chain.

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), AbbVie (ABBV), Exxon Mobil (XOM), Verizon Communications (VZ), Energy Transfer LP Unit (ET), Altria Group (MO), Walt Disney (DIS), Enterprise Products Partners (EPD), Metlife (MET) and Enbridge (ENB).

Who are Meredith's key executives?

Meredith's management team includes the folowing 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

Who are Meredith's major shareholders?

Meredith's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (22.08%), Royce & Associates LP (4.45%), Ariel Investments LLC (3.19%), Bank of New York Mellon Corp (1.97%), ProShare Advisors LLC (1.73%) and Geode Capital Management LLC (1.16%). Company insiders that own Meredith stock include Donald C Berg, Elizabeth E Tallett, Frederick B Henry, John S Zieser, Joseph H Ceryanec 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 Standard Life Aberdeen plc, Royce & Associates LP, Raymond James & Associates, First Trust Advisors LP, Goldman Sachs Group Inc., AMG National Trust Bank, Tealwood Asset Management Inc. and Eaton Vance Management. View Insider Buying and Selling for Meredith.

Which institutional investors are buying Meredith stock?

MDP stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Bank of New York Mellon Corp, ProShare Advisors LLC, UBS Group AG, Ariel Investments LLC, Barrow Hanley Mewhinney & Strauss LLC, Advisors Asset Management Inc. and Ancora Advisors LLC. Company insiders that have bought Meredith stock in the last two years include Donald C Berg, Elizabeth E Tallett and Thomas H Harty. 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, Robinhood, Fidelity and Charles Schwab.

What is Meredith's stock price today?

One share of MDP stock can currently be purchased for approximately $30.99.

How big of a company is Meredith?

Meredith has a market capitalization of $1.41 billion and generates $3.19 billion in revenue each year. Meredith employs 5,670 workers across the globe.View Additional Information About Meredith.

What is Meredith's official website?

The official website for Meredith is http://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]


MarketBeat Community Rating for Meredith (NYSE MDP)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  349 (Vote Outperform)
Underperform Votes:  478 (Vote Underperform)
Total Votes:  827
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.
This page was last updated on 2/22/2020 by MarketBeat.com Staff

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