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NYSE:MDP

Meredith Stock Forecast, Price & News

$12.64
+0.03 (+0.24 %)
(As of 09/22/2020 12:00 AM ET)
Add
Compare
Today's Range
$12.33
Now: $12.64
$12.86
50-Day Range
$12.24
MA: $14.05
$16.68
52-Week Range
$10.01
Now: $12.64
$39.84
Volume654,757 shs
Average Volume1.32 million shs
Market Capitalization$574.15 million
P/E RatioN/A
Dividend YieldN/A
Beta1.68
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

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.25 out of 5 stars


Industry, Sector and Symbol

Industry Periodicals
Sub-IndustryPublishing
CUSIP58943310
Phone515-284-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.85 billion
Cash Flow$7.85 per share
Book Value$8.55 per share

Profitability

Net Income$-234,300,000.00

Miscellaneous

Employees5,370
Market Cap$574.15 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$12.64
+0.03 (+0.24 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Meredith (NYSE:MDP) Frequently Asked Questions

How has Meredith's stock price 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 (WHO). Since then, MDP shares have decreased by 43.2% and is now trading at $12.64.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Meredith?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 2 hold ratings and 1 buy rating 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 Thursday, November 5th 2020.
View our earnings forecast for Meredith
.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) announced its quarterly earnings data on Thursday, August, 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.33. Meredith had a negative net margin of 8.23% and a positive return on equity of 27.06%.
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. Shareholders of record on Friday, February 28th will be given a dividend of $0.595 per share on Friday, March 13th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 18.83%. The ex-dividend date is Thursday, February 27th. This is a positive change from Meredith's previous quarterly dividend of $0.58.
View Meredith's dividend history
.

What price target have analysts set for MDP?

3 Wall Street analysts have issued twelve-month price objectives for Meredith's shares. Their forecasts range from $18.00 to $40.00. On average, they anticipate Meredith's share price to reach $29.00 in the next year. This suggests a possible upside of 129.4% from the stock's current price.
View analysts' price targets for Meredith
.

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), Exxon Mobil (XOM), AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Chevron (CVX), Energy Transfer LP Unit (ET), Intel (INTC) and CVS Health (CVS).

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 investors include Vanguard Group Inc. (9.09%), Healthcare of Ontario Pension Plan Trust Fund (3.08%), Goldman Sachs Group Inc. (2.37%), Silvercrest Asset Management Group LLC (2.17%), Gamco Investors INC. ET AL (1.75%) and Charles Schwab Investment Management Inc. (1.07%). 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 institutional investors are selling Meredith stock?

MDP stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., ProShare Advisors LLC, Advisor Group Holdings Inc., Bank of New York Mellon Corp, Healthcare of Ontario Pension Plan Trust Fund, Russell Investments Group Ltd., Ancora Advisors LLC, and Prudential PLC.
View insider buying and selling activity for Meredith
.

Which institutional investors are buying Meredith stock?

MDP stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., Prudential Financial Inc., Vanguard Group Inc., AQR Capital Management LLC, First Trust Advisors LP, PDT Partners LLC, and Silvercrest Asset Management Group LLC. 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 $12.64.

How big of a company is Meredith?

Meredith has a market capitalization of $574.15 million and generates $2.85 billion in revenue each year. Meredith employs 5,370 workers across the globe.

What is Meredith's official website?

The official website for Meredith is 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]

This page was last updated on 9/22/2020 by MarketBeat.com Staff

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