NYSE:MDP - Meredith Stock Price, News, & Analysis

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$55.46 +0.72 (+1.32 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$54.74
Today's Range$54.85 - $57.19
52-Week Range$47.30 - $69.35
Volume315,300 shs
Average Volume372,723 shs
Market Capitalization$2.46 billion
P/E Ratio21.83
Dividend Yield3.99%
Beta1.25
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.25 billion
Cash Flow$6.8385 per share
Book Value$24.44 per share

Profitability

Net Income$99.40 million

Miscellaneous

Employees7,915
Market Cap$2.46 billion
OptionableOptionable

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 declared a quarterly dividend on Wednesday, November 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.545 per share on Friday, December 14th. This represents a $2.18 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, November 29th. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) released its quarterly earnings data on Friday, November, 9th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.54. The business earned $756.70 million during the quarter, compared to analyst estimates of $751.33 million. Meredith had a net margin of 3.18% and a return on equity of 13.08%. The firm's quarterly revenue was up 92.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. View Meredith's Earnings History.

When is Meredith's next earnings date?

Meredith is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Meredith.

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

Meredith updated its second quarter 2019 earnings guidance on Wednesday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $850-870 million, compared to the consensus revenue estimate of $839.76 million.Meredith also updated its FY19 guidance to $2.78-3.20 EPS.

What price target have analysts set for MDP?

5 Wall Street analysts have issued 1 year price targets for Meredith's shares. Their forecasts range from $57.00 to $70.00. On average, they anticipate Meredith's stock price to reach $64.6667 in the next year. This suggests a possible upside of 16.6% 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 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Meredith.

What are Wall Street analysts saying about Meredith stock?

Here are some recent quotes from research analysts about Meredith stock:
  • 1. According to Zacks Investment Research, "Meredith’s strategic initiatives in digital space, brand licensing activities, solid portfolio of television stations and a robust earnings surprise history bodes well. Although Meredith declined in the past six months, it outpaced the industry. Also, the company posted solid third quarter fiscal 2019 results backed by robust demand for political advertising in Local Media Group and controlled expenses in National Media Group. Moreover, the company acquired Time Inc. and now expects to generate cost synergies of $400-$500 million annually in the first two years of the combined firm’s operations. In keeping with its strategy to focus on core operations, Meredith is offloading non-core brands. These seem inevitable due to increasing online readership, which has made the print-advertising model increasingly redundant. Also, high interest expense remains a concern and may dent the company’s bottom line." (1/8/2019)
  • 2. Benchmark Co. analysts commented, "We continue to forecast total Print down 10% in 2020 as well, modestly below Company guidance, although we suspect Digital could be up in the high-single to low-double digit range as an offset." (12/17/2018)

Has Meredith been receiving favorable news coverage?

News headlines about MDP stock have been trending positive on Saturday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing 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 media sentiment score of 2.2 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Who are some of Meredith's key competitors?

Who are Meredith's key executives?

Meredith's management team includes the folowing people:
  • Mr. Stephen M. Lacy, Exec. Chairman (Age 64)
  • Mr. Thomas H. Harty, Pres, CEO & Director (Age 55)
  • Mr. Joseph H. Ceryanec, Chief Financial Officer (Age 57)
  • Mr. John S. Zieser, Chief Devel. Officer, Gen. Counsel & Sec. (Age 59)
  • Mr. Jonathan B. Werther, Pres of National Media Group (Age 49)

Who are Meredith's major shareholders?

Meredith's stock is owned by a number of of institutional and retail investors. Top institutional investors include Tealwood Asset Management Inc. (0.17%), Retirement Systems of Alabama (0.11%), Edmp Inc. (0.06%), Nisa Investment Advisors LLC (0.06%), CHURCHILL MANAGEMENT Corp (0.04%) and Marshwinds Advisory Co. (0.03%). Company insiders that own Meredith stock include Donald C Berg, Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Meredith D Mell Frazier, Paul Karpowicz, Stephen M Lacy, 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 Tealwood Asset Management Inc. and Louisiana State Employees Retirement System. Company insiders that have sold Meredith company stock in the last year include Frederick B Henry, John S Zieser and Joseph H Ceryanec. View Insider Buying and Selling for Meredith.

Which institutional investors are buying Meredith stock?

MDP stock was bought by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Fox Run Management L.L.C., Nisa Investment Advisors LLC, Edmp Inc., Retirement Systems of Alabama, State of Alaska Department of Revenue and Marshwinds Advisory Co.. 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, Scottrade, Fidelity and Charles Schwab.

What is Meredith's stock price today?

One share of MDP stock can currently be purchased for approximately $55.46.

How big of a company is Meredith?

Meredith has a market capitalization of $2.46 billion and generates $2.25 billion in revenue each year. The company earns $99.40 million in net income (profit) each year or $2.54 on an earnings per share basis. Meredith employs 7,915 workers across the globe.

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:  2.0 out of 5 (star star)
Outperform Votes:  270 (Vote Outperform)
Underperform Votes:  407 (Vote Underperform)
Total Votes:  677
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 1/19/2019 by MarketBeat.com Staff

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