About Meredith (NYSE:MDP)
Meredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company's Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations. Its National Media segment includes magazine publishing, custom content and customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations. Its National Media segment focuses on the food, home, parenthood, and health markets and is a publisher of magazines serving women. As of June 30, 2016, the Company's owned television stations consist of seven CBS affiliates, five FOX affiliates, two MyNetworkTV affiliates, one NBC affiliate, one ABC affiliate and one independent station. The National Media segment also focuses on run-of-press display advertising.
Industry, Sector and Symbol
Industry Magazine Publishing
Trailing P/E Ratio15.44
Forward P/E Ratio12.52
Sales & Book Value
Annual Sales$1.71 billion
Price / Sales1.52
Cash Flow$5.68 per share
Price / Cash10.24
Book Value$25.64 per share
Price / Book2.27
Net Income$188.92 million
Return on Equity16.72%
Return on Assets6.34%
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 Monday, January 29th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.545 per share on Thursday, March 15th. This represents a $2.18 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Meredith's previous quarterly dividend of $0.52. View Meredith's Dividend History.
How were Meredith's earnings last quarter?
Meredith Co. (NYSE:MDP) posted its earnings results on Wednesday, January, 31st. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.89 by $0.25. The firm had revenue of $417.70 million for the quarter, compared to analysts' expectations of $414.97 million. Meredith had a return on equity of 16.72% and a net margin of 16.41%. Meredith's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. View Meredith's Earnings History.
When will Meredith make its next earnings announcement?
Where is Meredith's stock going? Where will Meredith's stock price be in 2018?
6 Wall Street analysts have issued 12 month price objectives for Meredith's shares. Their forecasts range from $65.00 to $80.00. On average, they anticipate Meredith's share price to reach $74.50 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, "Meredith has outperformed the industry in the past three months. The company’s strategic initiatives particularly 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 recently acquired Time Inc. to create a leading media company, serving nearly 200 million Americans across industry-leading digital, television, print, video, mobile and social platforms placed for growth. The combined entity is likely to create a diversified media and marketing company. Meredith expects to generate cost synergies at the higher end of earlier anticipated range of $400-$500 million annually in the first two years of the combined firm’s operations. Nevertheless, waning print media trends due to shift from traditional advertising and stiff competition continues to pose concerns for investors." (2/5/2018)
- 2. Benchmark Co. analysts commented, "We note that there are also some positive signs for Digital, including a recovery in national spend for retail and a handful of other consumer-driven categories, but less so in categories Meredith is more leveraged to like food. Local could be a bright spot, with total non-political up 12% (4% ex-Peachtree), and F3Q potentially pacing down just low-single despite having no NBC exposure outside of Nashville. Meredith is also poised for a record mid-term political cycle in 2018 having done $66 million during 2016 with only 10% of the total coming from the presidential race and having a comparable competitive footprint. Company Update Rating: Buy Current Price $67.00 Price Target $77.00 52-Wk Range $50.63 – $72.25 Shares Out. (mm) 46 Market Cap (mm) $3,051 Enterprise Value (mm) $3,641 Average Volume (000s) 410 Net Debt 636 Dividend Yield 3.0% Sector Weight Market Weight Daniel L." (1/30/2018)
Who are some of Meredith's key competitors?
Some companies that are related to Meredith include Snyder's-Lance (LNCE), National Beverage (FIZZ), Flowers Foods (FLO), 51job (JOBS), Nu Skin Enterprises (NUS), John Wiley & Sons (JW.A), Tate & Lyle (TATYY), Hain Celestial Group (HAIN), Tsingtao Brewery (TSGTY), Lancaster Colony (LANC), Energizer (ENR), Nomad Foods (NOMD), Industrias Bachoco (IBA), Darling Ingredients (DAR), Hillenbrand (HI), Edgewell Personal Care (EPC), Vector Group (VGR) and Sanderson Farms (SAFM).
Who are Meredith's key executives?
Meredith's management team includes the folowing people:
- Stephen M. Lacy, Executive Chairman of the Board (Age 63)
- Thomas H. Harty, President, Chief Executive Officer, Director (Age 55)
- D. Mell Meredith Frazier, Independent Vice Chairman of the Board (Age 61)
- Joseph H. Ceryanec, Chief Financial Officer (Age 56)
- Paul A. Karpowicz, President - Local Media Group (Age 64)
- Jonathan B. Werther, President, National Media Group (Age 48)
- Alysia Borsa, Chief Marketing and Data Officer
- John S. Zieser, Chief Development Officer, General Counsel, Secretary (Age 58)
- Donald A. Baer, Independent Director (Age 63)
- Donald C. Berg, Independent Director (Age 62)
Who owns Meredith stock?
Meredith's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.74%),
FRAZIER MEREDITH D MELL
(7.30%), Barrow Hanley Mewhinney & Strauss LLC (4.74%), Royce & Associates LP (3.76%), Bank of New York Mellon Corp (3.05%) and Standard Life Aberdeen plc (2.12%). 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.
Who sold Meredith stock? Who is selling Meredith stock?
Meredith's stock was sold by a variety of institutional investors in the last quarter, including Ariel Investments LLC, Schroder Investment Management Group, Allianz Asset Management GmbH, Goldman Sachs Group Inc., BlackRock Inc., Systematic Financial Management LP, Bank of New York Mellon Corp and QS Investors LLC. 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, Steven M Cappaert and Thomas H Harty. View Insider Buying and Selling for Meredith.
Who bought Meredith stock? Who is buying Meredith stock?
Meredith's stock was acquired by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Bowen Hanes & Co. Inc., Barrow Hanley Mewhinney & Strauss LLC, Standard Life Aberdeen plc, Dearborn Partners LLC, Channing Capital Management LLC, Virtus Fund Advisers LLC and Royce & Associates LP. Company insiders that have bought Meredith stock in the last two years include Donald C Berg and Edwin T Iv Meredith. View Insider Buying and Selling for Meredith.
How do I buy Meredith stock?
Shares of Meredith 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 Meredith stock can currently be purchased for approximately $58.20.
How big of a company is Meredith?
Meredith has a market capitalization of $2.60 billion and generates $1.71 billion in revenue each year. The company earns $188.92 million in net income (profit) each year or $6.04 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Meredith (NYSE:MDP) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.67||2.60||2.60||2.50|
|Ratings Breakdown: ||0 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$74.50||$74.50||$69.50||$63.33|
|Price Target Upside: ||12.20% upside||9.32% upside||13.93% upside||9.76% upside|
Meredith (NYSE:MDP) Consensus Price Target History
Meredith (NYSE:MDP) Analyst Ratings History
(Data available from 2/25/2016 forward)
Meredith (NYSE:MDP) Earnings History and Estimates Chart
Meredith (NYSE MDP) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/31/2018||Q2 2018||$0.89||$1.14||$414.97 million||$417.70 million||View||N/A|
|10/26/2017||Q1 2018||$0.63||$0.69||$397.50 million||$393.00 million||View||N/A|
|7/27/2017||Q4 2017||$0.96||$1.07||$439.61 million||$445.40 million||View||N/A|
|4/27/2017||Q3 2017||$0.87||$0.87||$422.61 million||$425.40 million||View||N/A|
|1/25/2017||Q217||$1.20||$1.30||$435.22 million||$442.60 million||View||N/A|
|10/27/2016||Q117||$0.72||$0.75||$400.77 million||$399.90 million||View||Listen|
|7/28/2016||Q416||$1.03||$1.08||$437.78 million||$435.78 million||View||Listen|
|4/28/2016||Q316||$0.80||$0.92||$414.66 million||$422.77 million||View||Listen|
|1/27/2016||Q216||$0.78||$0.80||$407.29 million||$406.40 million||View||Listen|
|10/29/2015||Q116||$0.51||$0.52||$383.40 million||$385.00 million||View||Listen|
|7/30/2015||Q415||$0.93||$0.94||$425.52 million||$425.90 million||View||Listen|
|4/23/2015||Q315||$0.68||$0.71||$401.65 million||$389.20 million||View||N/A|
|1/28/2015||Q215||$0.98||$1.00||$393.70 million||$398.90 million||View||N/A|
|10/23/2014||Q115||$0.63||$0.65||$370.70 million||$371.20 million||View||Listen|
|7/31/2014||Q414||$0.84||$0.88||$396.70 million||$390.80 million||View||Listen|
|4/24/2014||Q314||$0.66||$0.70||$370.33 million||$367.00 million||View||N/A|
|1/29/2014||Q214||$0.68||$0.69||$354.10 million||$354.05 million||View||N/A|
|10/24/2013||Q114||$0.52||$0.53||$359.70 million||$356.00 million||View||Listen|
|7/25/2013||Q4 2013||$0.72||$0.76||$383.05 million||$386.97 million||View||Listen|
|4/25/2013||Q3 2013||$0.68||$0.72||$354.43 million||$369.62 million||View||Listen|
|1/24/2013||Q2 2013||$0.86||$0.89||$374.52 million||$360.60 million||View||Listen|
Meredith (NYSE:MDP) Earnings Estimates
2018 EPS Consensus Estimate: $3.22
2019 EPS Consensus Estimate: $7.99
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Meredith (NYSE:MDP) Dividend Information
|Dividend Growth:||6.30% (3 Year Average)|
|Payout Ratio:||34.44% (Trailing 12 Months of Earnings) |
44.73% (Based on This Year's Estimates)
26.07% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Meredith (NYSE:MDP) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Meredith (NYSE MDP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 97.97%
Meredith (NYSE MDP) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/5/2018||Donald C. Berg||Director||Buy||3,500||$57.50||$201,250.00|| |
|12/15/2017||Edwin T Iv Meredith||Major Shareholder||Sell||3,600||$70.10||$252,360.00|| |
|12/15/2017||Meredith D Mell Frazier||Director||Sell||22,176||$69.85||$1,548,993.60||6,000|| |
|12/8/2017||Joseph H. Ceryanec||CFO||Sell||3,200||$71.54||$228,928.00|| |
|11/29/2017||Frederick B Henry||Director||Sell||1,048||$66.50||$69,692.00|| |
|11/29/2017||Paul Karpowicz||Insider||Sell||5,000||$68.61||$343,050.00|| |
|8/16/2017||Paul Karpowicz||Insider||Sell||4,291||$56.12||$240,810.92||66,473|| |
|8/16/2017||Stephen M Lacy||Chairman||Sell||10,816||$56.04||$606,128.64||9,274|| |
|8/15/2017||John S Zieser||Insider||Sell||1,924||$57.26||$110,168.24||6,800|| |
|8/14/2017||Paul Karpowicz||Insider||Sell||5,894||$57.43||$338,492.42||66,658|| |
|8/14/2017||Stephen M Lacy||Chairman||Sell||6,736||$57.17||$385,097.12||30,274|| |
|8/4/2017||Thomas H Harty||Insider||Sell||10,363||$57.80||$598,981.40||14,445|| |
|8/1/2017||Stephen M Lacy||Chairman||Sell||10,339||$60.91||$629,748.49||9,345|| |
|7/31/2017||Stephen M Lacy||CEO||Sell||10,268||$60.92||$625,526.56||9,345|| |
|7/31/2017||Thomas H Harty||Insider||Sell||20,028||$60.46||$1,210,892.88||44,445|| |
|5/3/2017||Steven M Cappaert||Insider||Sell||2,195||$56.96||$125,027.20||6,542|| |
|5/1/2017||Frederick B Henry||Director||Sell||3,995||$57.50||$229,712.50||2,103|| |
|5/1/2017||John S. Zieser||Insider||Sell||1,742||$57.77||$100,635.34|| |
|5/1/2017||Joseph H Ceryanec||CFO||Sell||1,247||$57.62||$71,852.14||1|| |
|11/14/2016||Frederick B Henry||Director||Sell||998||$52.00||$51,896.00||2,085|| |
|8/18/2016||John S Zieser||Insider||Sell||1,206||$55.00||$66,330.00||18,000|| |
|8/17/2016||Joseph H Ceryanec||CFO||Sell||4,554||$54.13||$246,508.02||31,205|| |
|8/16/2016||Stephen M Lacy||Chairman||Sell||14,110||$54.10||$763,351.00||15,415|| |
|8/1/2016||Joseph H. Ceryanec||CFO||Sell||9,145||$54.03||$494,104.35|| |
|8/1/2016||Stephen M. Lacy||Chairman||Sell||46,283||$54.15||$2,506,224.45|| |
|6/10/2016||Edwin T Iv Meredith||Major Shareholder||Buy||15,628||$51.24||$800,778.72||243,412|| |
|5/2/2016||Frederick B Henry||Director||Sell||1,186||$51.10||$60,604.60||37,015|| |
|5/2/2016||John S. Zieser||Insider||Sell||8,783||$51.21||$449,777.43|| |
|3/7/2016||John S. Zieser||Insider||Sell||5,665||$45.00||$254,925.00|| |
|2/10/2016||Donald C. Berg||Director||Buy||1,115||$38.50||$42,927.50||3,194|| |
|7/1/2015||Philip A Marineau||Director||Sell||6,315||$52.60||$332,169.00|| |
|4/27/2015||Frederick B Henry||Director||Sell||5,400||$53.23||$287,442.00|| |
|3/19/2015||Mary Sue Coleman||Director||Sell||6,000||$55.75||$334,500.00|| |
|3/6/2015||Katherine C Meredith||Major Shareholder||Sell||50,000||$52.70||$2,635,000.00|| |
|2/27/2015||Steven M Cappaert||Insider||Sell||3,122||$53.65||$167,495.30|| |
|2/3/2015||Joseph H Ceryanec||CFO||Sell||1,846||$53.83||$99,370.18|| |
|2/2/2015||Frederick B Henry||Director||Sell||3,615||$52.46||$189,642.90|| |
|12/3/2014||Frederick B Henry||Director||Sell||1,463||$53.08||$77,656.04|| |
|11/26/2014||Stephen M Lacy||CEO||Sell||9,235||$52.91||$488,623.85|| |
|11/3/2014||Mary Sue Coleman||Director||Sell||7,230||$52.06||$376,393.80|| |
|10/30/2014||Steven M Cappaert||Insider||Sell||3,600||$51.60||$185,760.00|| |
|10/29/2014||Thomas H Harty||Insider||Sell||12,123||$51.55||$624,940.65|| |
|10/23/2014||Philip A Marineau||Director||Sell||3,486||$44.99||$156,835.14|| |
|10/1/2014||Philip A Marineau||Director||Sell||2,328||$42.53||$99,009.84|| |
|9/2/2014||Philip A Marineau||Director||Sell||3,492||$46.22||$161,400.24|| |
|8/22/2014||Joseph H Ceryanec||CFO||Sell||8,215||$47.02||$386,269.30|| |
|8/22/2014||Steven M Cappaert||Insider||Sell||4,521||$46.95||$212,260.95|| |
|8/20/2014||John S Zieser||Insider||Sell||8,898||$46.35||$412,422.30|| |
|8/5/2014||Edwin T Iv Meredith||Major Shareholder||Sell||200,000||$45.08||$9,016,000.00|| |
|8/4/2014||Frederick B Henry||Director||Sell||9,615||$45.97||$442,001.55|| |
|8/4/2014||John S Zieser||Insider||Sell||1,837||$46.07||$84,630.59|| |
|8/1/2014||Philip A Marineau||Director||Sell||3,492||$45.98||$160,562.16|| |
|7/1/2014||Philip A Marineau||Director||Sell||6,984||$49.53||$345,917.52|| |
|6/2/2014||Philip A Marineau||Director||Sell||3,492||$44.96||$157,000.32|| |
|5/23/2014||Paul Karpowicz||Insider||Sell||30,070||$45.46||$1,366,982.20|| |
|5/21/2014||Paul Karpowicz||Insider||Sell||17,149||$45.28||$776,506.72||27,471|| |
|5/19/2014||Donald Berg||Director||Buy||1,000||$44.38||$44,380.00||1,988|| |
|5/1/2014||Philip Marineau||Director||Sell||2,328||$43.48||$101,221.44||2,616|| |
|2/3/2014||Frederick Henry||Director||Sell||1,719||$45.41||$78,059.79||2,616|| |
|2/3/2014||John Zieser||Insider||Sell||9,747||$45.42||$442,708.74||33,000|| |
|2/3/2014||Joseph Ceryanec||CFO||Sell||3,500||$45.42||$158,970.00||346|| |
|8/20/2013||James Craigie||Director||Sell||8,209||$45.07||$369,979.63||4,837|| |
|8/15/2013||Frederick Henry||Director||Sell||9,615||$44.95||$432,194.25||3,293|| |
|8/14/2013||Stephen Lacy||CEO||Sell||28,948||$47.98||$1,388,925.04||87,638|| |
|8/12/2013||John Zieser||Insider||Sell||4,872||$47.59||$231,858.48||24,000|| |
|8/12/2013||Joseph Ceryanec||CFO||Sell||4,339||$47.49||$206,059.11||28,714|| |
|8/12/2013||Stephen Lacy||CEO||Sell||28,948||$48.06||$1,391,240.88||9,274|| |
|7/29/2013||Stephen M Lacy||CEO||Sell||138,345||$47.36||$6,552,019.20|| |
|7/29/2013||Steven M Cappaert||Insider||Sell||8,862||$47.32||$419,349.84|| |
|5/20/2013||Thomas H Harty||Insider||Sell||17,216||$42.67||$734,606.72|| |
|5/14/2013||Stephen M Lacy||CEO||Sell||50,183||$42.24||$2,119,729.92|| |
Meredith (NYSE MDP) News Headlines
Meredith (NYSE:MDP) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Meredith (NYSE:MDP) Income Statement, Balance Sheet and Cash Flow Statement
Meredith (NYSE MDP) Stock Chart for Sunday, February, 25, 2018