Meredith Corporation operates as a diversified media company in the United States. It operates in two segments, Local Media and National Media. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. This segment also includes 12 Websites, 12 mobile-optimized Websites, and approximately 30 applications focused on news, sports, and weather-related information. The National Media segment publishes magazines for women. This segment publishes approximately 20 subscription magazines that include Better Homes & Gardens, Parents, Family Circle, Allrecipes, Rachael Ray Every Day, Martha Stewart Living, Shape, and FamilyFun, as well as approximately 140 special interest publications under approximately 90 titles. Its portfolio also includes approximately 50 Websites, 30 mobile-optimized Websites, and 20 applications. In addition, this segment offers digital and customer relationship marketing services, such as specialized marketing products and services to America's companies. Further, it is involved in the provision of a consumer database, as well as custom content; and brand licensing activities and other related operations. The company was founded in 1902 and is headquartered in Des Moines, Iowa.
Industry, Sector and Symbol
Industry Periodicals
Sub-IndustryPublishing
SectorConsumer Staples
SymbolNYSE:MDP
CUSIP58943310
Phone515-284-3000
Debt
Debt-to-Equity Ratio2.75
Current Ratio1.71
Quick Ratio1.67
Price-To-Earnings
Trailing P/E Ratio13.29
Forward P/E Ratio13.32
P/E Growth1.19
Sales & Book Value
Annual Sales$1.71 billion
Price / Sales1.39
Cash Flow$5.7646 per share
Price / Cash9.22
Book Value$22.35 per share
Price / Book2.38
Profitability
EPS (Most Recent Fiscal Year)$4.00
Net Income$188.92 million
Net Margins6.62%
Return on Equity15.46%
Return on Assets4.39%
Miscellaneous
Employees3,620
Outstanding Shares44,870,000
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, May 9th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.545 per share on Friday, June 15th. This represents a $2.18 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, May 30th. View Meredith's Dividend History.
How were Meredith's earnings last quarter?
Meredith Co. (NYSE:MDP) posted its quarterly earnings data on Thursday, May, 10th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.41 by $0.33. The company earned $648.80 million during the quarter, compared to analyst estimates of $752.28 million. Meredith had a net margin of 6.62% and a return on equity of 15.46%. The firm's revenue for the quarter was up 52.5% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. View Meredith's Earnings History.
When is Meredith's next earnings date?
What price target have analysts set for MDP?
6 equities research analysts have issued twelve-month target prices for Meredith's stock. Their predictions range from $70.00 to $80.00. On average, they expect Meredith's share price to reach $75.3333 in the next year. 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, "Shares of Meredith have underperformed the industry in the past six months. With advancing technology, the print media is on a decline. Waning print media trends, shift from traditional advertising and stiff competition act as deterrent. Also, the decline in adjusted EBITDA margin is a woe. However, Meredith’s strategic initiatives in digital space, brand licensing activities, solid portfolio of television stations and a robust earnings surprise history reinforce its position as one of the leading media and marketing companies. Moreover, the company acquired Time Inc. to create a leading media company. Meredith expects to generate cost synergies of more than $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." (6/18/2018)
- 2. Benchmark Co. analysts commented, "We view Steve’s 10,000+ share purchase as a reasonably strong statement of belief in a combination of the medium-long-term outlook as well as the current valuation of the existing asset base, and suspect the purchase will prove prudent over the next 12 months regardless of any interim noise. With all of the attention on the Publishing results, and given some challenging core results (as well as weakness across the entire sector), we think MDP’s broadcast asset is being overlooked. While it’s hard to gauge if a sale is being considered down the road (tax and spin implications make a near-term sale challenging), the Firm has a strong portfolio, with 4 duopolies in the top 31 DMAs, which we have already seen drive retrans leverage within our universe (we note MDP’s Other line jumped from $64.2 million in F2Q18 to $88.9 million in F3Q18)." (6/12/2018)
Who are some of Meredith's key competitors?
Some companies that are related to Meredith include Ingredion (INGR), US Foods (USFD), Blue Buffalo Pet Products (BUFF), PINNACLE FOODS INC Common Stock (PF), REMY COINTREAU/ADR (REMYY), Service Co. International (SCI), 51job (JOBS), JBS S A/S (JBSAY), San Miguel (SMGBY), Square Enix (SQNXF), Post (POST), Glanbia (GLAPY), National Beverage (FIZZ), COCA COLA AMATI/ADR (CCLAY) and Pilgrim's Pride (PPC).
Who are Meredith's key executives?
Meredith's management team includes the folowing people:
- Mr. Thomas H. Harty, CEO & Pres (Age 55)
- Mr. Joseph H. Ceryanec, Chief Financial Officer (Age 57)
- Mr. John S. Zieser Esq., Chief Devel. Officer, Gen. Counsel & Sec. (Age 59)
- Mr. Paul A. Karpowicz, Pres of Local Media Group (Age 65)
- Mr. Art Slusark, Director of Investor Relations & Chief Communications Officer
Has Meredith been receiving favorable news coverage?
Press coverage about MDP stock has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Meredith earned a coverage optimism score of 0.07 on Accern's scale. They also gave news articles about the company an impact score of 46.90 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Meredith's major shareholders?
Meredith's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.75%), Barrow Hanley Mewhinney & Strauss LLC (4.74%), Ceredex Value Advisors LLC (4.47%), Dimensional Fund Advisors LP (4.36%), HG Vora Capital Management LLC (2.46%) and Northern Trust Corp (2.33%). 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 major investors are selling Meredith stock?
MDP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Systematic Financial Management LP, Schroder Investment Management Group, Foundry Partners LLC, JPMorgan Chase & Co., Allianz Asset Management GmbH, Allianz Asset Management GmbH and Fort L.P.. Company insiders that have sold Meredith company stock in the last year include Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Meredith D Mell Frazier, Paul Karpowicz, Stephen M Lacy and Thomas H Harty. View Insider Buying and Selling for Meredith.
Which major investors are buying Meredith stock?
MDP stock was bought by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, HG Vora Capital Management LLC, River Road Asset Management LLC, Millennium Management LLC, Select Equity Group L.P., Foresters Investment Management Company Inc., State of New Jersey Common Pension Fund D and Suntrust Banks Inc.. 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 $53.15.
How big of a company is Meredith?
Meredith has a market capitalization of $2.35 billion and generates $1.71 billion in revenue each year. The company earns $188.92 million in net income (profit) each year or $4.00 on an earnings per share basis. Meredith employs 3,620 workers across the globe.
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 (MDP)
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.
