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NYSE:MDP - Meredith Stock Price, Forecast & News

$12.09
-0.18 (-1.47 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$12.00
Now: $12.09
$13.10
50-Day Range
$12.77
MA: $25.27
$34.90
52-Week Range
$11.76
Now: $12.09
$60.95
Volume2.23 million shs
Average Volume1.70 million shs
Market Capitalization$548.15 million
P/E RatioN/A
Dividend Yield19.40%
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. 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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Meredith logo

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$8.82 per share
Book Value$21.56 per share

Profitability

Net Income$46.30 million

Miscellaneous

Employees5,670
Market Cap$548.15 million
Next Earnings Date5/8/2020 (Estimated)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MDP stock has decreased by 45.7% and is now trading at $12.09. View which stocks have been mosted impacted by Coronavirus.

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 3 hold ratings and 2 buy ratings 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 Friday, May 8th 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, February, 6th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.40. The firm earned $810.50 million during the quarter, compared to the consensus estimate of $792.43 million. Meredith had a net margin of 1.78% and a return on equity of 33.80%. Meredith's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 EPS. View Meredith's earnings history.

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

Meredith announced a quarterly dividend on Tuesday, February 4th. Stockholders 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 19.69%. 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 guidance has Meredith issued on next quarter's earnings?

Meredith issued an update on its FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share 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 equities research analysts have issued twelve-month target prices for Meredith's stock. Their forecasts range from $30.00 to $48.00. On average, they expect Meredith's stock price to reach $39.40 in the next year. This suggests a possible upside of 225.9% from the stock's current price. View analysts' price targets for Meredith.

Has Meredith been receiving favorable news coverage?

News headlines about MDP stock have trended negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meredith earned a news impact score of -2.4 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutMeredith.

Are investors shorting Meredith?

Meredith saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,659,200 shares, an increase of 12.6% from the February 27th total of 6,800,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is currently 5.7 days. Approximately 19.4% of the company's shares 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), Verizon Communications (VZ), AbbVie (ABBV), Exxon Mobil (XOM), Altria Group (MO), Energy Transfer LP Unit (ET), Walt Disney (DIS), Enterprise Products Partners (EPD), Intel (INTC) 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 number 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 Nuveen Asset Management LLC (1.32%). 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 major 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 activity for Meredith.

Which major investors are buying Meredith stock?

MDP stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Norges Bank, Bank of New York Mellon Corp, ProShare Advisors LLC, UBS Group AG, Ariel Investments LLC, Barrow Hanley Mewhinney & Strauss LLC, and Advisors Asset Management Inc.. 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 $12.09.

How big of a company is Meredith?

Meredith has a market capitalization of $548.15 million 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:  357 (Vote Outperform)
Underperform Votes:  488 (Vote Underperform)
Total Votes:  845
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 3/30/2020 by MarketBeat.com Staff

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