S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
S&P 500   4,513.04
DOW   34,022.04
QQQ   387.12
NYSE:MDP

Meredith Stock Forecast, Price & News

$59.07
+0.07 (+0.12%)
(As of 12/1/2021 12:00 AM ET)
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Compare
Today's Range
$59.02
$59.16
50-Day Range
$41.24
$59.07
52-Week Range
$18.00
$59.16
Volume
3.34 million shs
Average Volume
552,738 shs
Market Capitalization
$2.70 billion
P/E Ratio
10.01
Dividend Yield
N/A
Beta
2.07
30 days | 90 days | 365 days | Advanced Chart
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Meredith logo

About Meredith

Meredith Corp. engages in television broadcasting and magazine advertising business. It operates through the Local Media and National Media business segments. The Local Media segment includes television stations and offers websites, mobile-optimized websites, and mobile applications. The National Media segment consists of national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media, brand licensing activities, database-related activities, and business-to-business marketing products and services. The company was founded by Edwin Thomas Meredith in 1902 and is headquartered in Des Moines, IA.

Headlines

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Industry, Sector and Symbol

Industry
Periodicals
Sub-Industry
Publishing
CUSIP
58943310
Employees
5,330
Year Founded
N/A

Sales & Book Value

Annual Sales
$2.98 billion
Cash Flow
$10.40 per share
Book Value
$14.27 per share

Profitability

Net Income
$306.60 million
Pretax Margin
13.12%

Debt

Price-To-Earnings

Miscellaneous

Free Float
41,299,000
Market Cap
$2.70 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/28/2021
Today
12/02/2021
Next Earnings (Estimated)
2/03/2022
Fiscal Year End
6/30/2022

MarketRank

Overall MarketRank

1.63 out of 5 stars

Consumer Staples Sector

136th out of 185 stocks

Periodicals Industry

1st out of 1 stocks

Analyst Opinion: 1.3Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -












Meredith (NYSE:MDP) Frequently Asked Questions

Is Meredith a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Meredith stock.
View analyst ratings for Meredith
or view top-rated stocks.

How has Meredith's stock been impacted by Coronavirus?

Meredith's stock was trading at $22.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MDP shares have increased by 165.2% and is now trading at $59.07.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Meredith?

Meredith saw a increase in short interest in November. As of November 15th, there was short interest totaling 2,620,000 shares, an increase of 21.9% from the October 31st total of 2,150,000 shares. Based on an average trading volume of 813,600 shares, the days-to-cover ratio is presently 3.2 days. Approximately 6.6% of the company's shares are short sold.
View Meredith's Short Interest
.

When is Meredith's next earnings date?

Meredith is scheduled to release its next quarterly earnings announcement on Thursday, February 3rd 2022.
View our earnings forecast for Meredith
.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) posted its quarterly earnings data on Thursday, October, 28th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.18. The business had revenue of $708.60 million for the quarter, compared to analysts' expectations of $681.84 million. Meredith had a trailing twelve-month return on equity of 41.72% and a net margin of 9.66%. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $1.04 EPS.
View Meredith's earnings history
.

What price target have analysts set for MDP?

2 brokers have issued twelve-month target prices for Meredith's shares. Their forecasts range from $58.00 to $59.00. On average, they expect Meredith's stock price to reach $58.50 in the next year. This suggests that the stock has a possible downside of 1.0%.
View analysts' price targets for Meredith
or view top-rated stocks among Wall Street analysts.

Who are Meredith's key executives?

Meredith's management team includes the following people:
  • Thomas H. Harty, Chairman, President & Chief Executive Officer
  • Jason M. Frierott, Chief Financial & Accounting Officer
  • Michael Brownstein, Chief Revenue Officer & Executive Vice President
  • Steven M. Cappaert, Senior Vice President & Controller
  • Charlie Henrich, Vice President & General Manager

What is Steve Lacy's approval rating as Meredith's CEO?

231 employees have rated Meredith CEO Steve Lacy on Glassdoor.com. Steve Lacy has an approval rating of 78% among Meredith's employees.

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).

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 BlackRock Inc. (13.82%), Dimensional Fund Advisors LP (4.56%), Geode Capital Management LLC (1.44%), TIG Advisors LLC (1.34%), Gamco Investors INC. ET AL (1.18%) and Bank of New York Mellon Corp (1.09%). Company insiders that own Meredith stock include Donald C Berg, 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 BlackRock Inc., Foundry Partners LLC, Citigroup Inc., Arrowstreet Capital Limited Partnership, Russell Investments Group Ltd., Credit Suisse AG, Jane Street Group LLC, and Gamco Investors INC. ET AL.
View insider buying and selling activity for Meredith
or view top insider-selling stocks.

Which major investors are buying Meredith stock?

MDP stock was purchased by a variety of institutional investors in the last quarter, including TIG Advisors LLC, SG Americas Securities LLC, Carlson Capital L P, Millennium Management LLC, BNP Paribas Arbitrage SA, Allianz Asset Management GmbH, Hussman Strategic Advisors Inc., and Goldman Sachs Group Inc.. Company insiders that have bought Meredith stock in the last two years include Donald C Berg, Patrick Mccreery, Steven M Cappaert, and Thomas H Harty.
View insider buying and selling activity for Meredith
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Meredith's stock price today?

One share of MDP stock can currently be purchased for approximately $59.07.

How much money does Meredith make?

Meredith has a market capitalization of $2.70 billion and generates $2.98 billion in revenue each year. The company earns $306.60 million in net income (profit) each year or $5.90 on an earnings per share basis.

How many employees does Meredith have?

Meredith employs 5,330 workers across the globe.

What is Meredith's official website?

The official website for Meredith is www.meredith.com.

Where are Meredith's headquarters?

Meredith is headquartered at 1716 LOCUST ST, DES MOINES IA, 50309.

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, via email at [email protected], or via fax at 515-284-2700.


This page was last updated on 12/2/2021 by MarketBeat.com Staff

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