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

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$53.19 -0.62 (-1.15 %)

(As of 12/16/2018 04:00 PM ET)

Previous Close$53.19

Today's Range$52.12 - $54.34

52-Week Range$47.30 - $70.90

Volume214,871 shs

Average Volume257,316 shs

Market Capitalization$2.39 billion

P/E Ratio20.94

Dividend Yield4.10%

Beta1.28

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

Stock Exchange NYSE

Industry Periodicals

Sub-IndustryPublishing

SectorConsumer Staples

Current SymbolNYSE:MDP

Previous Symbol

CUSIP58943310

Webwww.meredith.com

Phone515-284-3000

Debt

Debt-to-Equity Ratio2.72

Current Ratio1.57

Quick Ratio1.52

Price-To-Earnings

Trailing P/E Ratio20.94

Forward P/E Ratio17.79

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.25 billion

Price / Sales1.06

Cash Flow$6.7244 per share

Price / Cash Flow7.91

Book Value$24.44 per share

Price / Book2.18

Profitability

EPS (Most Recent Fiscal Year)$2.54

Net Income$99.40 million

Net Margins3.18%

Return on Equity13.08%

Return on Assets2.56%

Miscellaneous

Employees7,915

Outstanding Shares44,980,000

Market Cap$2.39 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 announced a quarterly dividend on Wednesday, November 14th. Investors of record on Friday, November 30th will be given a dividend of $0.545 per share on Friday, December 14th. This represents a $2.18 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, November 29th. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) issued its earnings results on Friday, November, 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of ($0.32) by $0.54. The business had revenue of $756.70 million for the quarter, compared to analysts' expectations of $751.33 million. Meredith had a net margin of 3.18% and a return on equity of 13.08%. Meredith's revenue for the quarter was up 92.6% compared to the same quarter last year. During the same period in the prior year, the company earned $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 earnings per share (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 objectives for Meredith's stock. Their forecasts range from $57.00 to $70.00. On average, they anticipate Meredith's share price to reach $64.6667 in the next twelve months. This suggests a possible upside of 21.6% 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, "Shares of Meredith have not only declined but also underperformed the industry year to date. With advancing technology, the print media is declining. Waning print media trends, shift from traditional advertising and stiff competition are acting as deterrents. Though the company is expanding its digital presence, it will take time to complete the metamorphosis. Additionally, the company is witnessing rising SG&A expenses, persistence of which may dent its margin in the near future. Apart from these, high interest expenses for the past few quarters have been a concern. Nevertheless, the company’s top and bottom lines came ahead of the consensus mark in the first quarter of fiscal 2019. Meredith’s strategic initiatives in digital space, brand licensing activities and solid portfolio of television stations bode well. Meredith is offloading non-core brands to focus on core operations." (12/11/2018)
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)

Has Meredith been receiving favorable news coverage?

Media coverage about MDP stock has trended somewhat positive on Sunday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meredith earned a news impact score of 1.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are some of Meredith's key competitors?

Some companies that are related to Meredith include Tingyi (Cayman Islands) (TCYMF), SWATCH GRP AG/ADR (SWGAY), JBS S A/S (JBSAY), Aramark (ARMK), Service Co. International (SCI), US Foods (USFD), Ingredion (INGR), San Miguel (SMGBY), Post (POST), Pola Orbis (PORBF), REMY COINTREAU/ADR (REMYY), Glanbia (GLAPY), Coty (COTY), Lancaster Colony (LANC) and MARINE HARVEST/S (MHGVY).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (12.21%), Vanguard Group Inc. (8.10%), Vanguard Group Inc (8.10%), Royce & Associates LP (5.02%), Dimensional Fund Advisors LP (4.54%) and Fairpointe Capital LLC (4.29%). 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 Allianz Asset Management GmbH, BlackRock Inc., River Road Asset Management LLC, First Trust Advisors LP, Goelzer Investment Management Inc., Morgan Stanley, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA and Ceredex Value Advisors LLC. 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 acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, Select Equity Group L.P., Deprince Race & Zollo Inc., Cornerstone Wealth Management LLC, Standard Life Aberdeen plc, Standard Life Aberdeen plc, Gyroscope Capital Management Group LLC and Vanguard Group 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 $53.19.

How big of a company is Meredith?

Meredith has a market capitalization of $2.39 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 ( )
Outperform Votes:		265 (Vote Outperform)
Underperform Votes:		402 (Vote Underperform)
Total Votes:		667

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 12/16/2018 by MarketBeat.com Staff

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