Meredith Corporation Company Profile (NYSE:MDP)

Meredith Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDP."

Meredith Corporation declared a quarterly dividend on Wednesday, August 9th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.52 per share on Friday, September 15th. This represents a $2.08 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Tuesday, August 29th. View Meredith Corporation's Dividend History.

Meredith Corporation (NYSE:MDP) announced its quarterly earnings results on Thursday, July, 27th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.11. The business had revenue of $445.40 million for the quarter, compared to analysts' expectations of $439.61 million. Meredith Corporation had a net margin of 11.03% and a return on equity of 18.98%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.08 earnings per share. View Meredith Corporation's Earnings History.

Meredith Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Meredith Corporation.

Meredith Corporation updated its FY18 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $3.20-$3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.42. Meredith Corporation also updated its Q1 guidance to $0.60-$0.65 EPS.

4 brokerages have issued twelve-month price targets for Meredith Corporation's shares. Their predictions range from $60.00 to $65.00. On average, they anticipate Meredith Corporation's share price to reach $63.33 in the next twelve months. View Analyst Ratings for Meredith Corporation.

Here are some recent quotes from research analysts about Meredith Corporation stock:

• 1. According to Zacks Investment Research, "Shares of Meredith have underperformed the industry in the past three months. Waning print media trends due to shift from traditional advertising and stiff competition continues to pose concern for investors. Meanwhile, earnings in both first-quarter and fiscal 2018 are expected to decline as the fiscal 2017 benefited from record political advertising revenues. Local Media Group revenues are projected to be flat to down slightly while revenues from National Media are anticipated to be flat to up marginally. Nevertheless, Meredith’s strategic initiatives particularly in digital space, brand licensing activities, solid portfolio of television stations and robust earnings surprise history reinforce its position as one of the leading media and marketing companies. However, year-over-year decline in fourth-quarter fiscal 2017 earnings per share raises concern. Estimates have been stable lately." (9/26/2017)
• 2. Jefferies Group LLC analysts commented, "MDP upped its F3Q EPS guidance to $0.85-$0.87 from $0.75-$0.80, largely on better national digital adv. While local has improved, our estimates are unchanged. The FY17 guidance of $3.85-$3.90 implies no change to our F4Q estimate of $0.95. At this point, we do not believe this is the beginning of a trend w/ peers due to MDP's mix. While the market will speculate, it's hard to draw a correlation between the updated guidance and MDP's potential interest in TIME." (3/22/2017)

Some companies that are related to Meredith Corporation include National Beverage Corp. (FIZZ), The Hain Celestial Group (HAIN), Energizer Holdings (EPC), Tate & Lyle PLC (TATYY), Flowers Foods (FLO), 51job (JOBS), Treehouse Foods (THS), Snyder's-Lance (LNCE), Nu Skin Enterprises (NUS), Sanderson Farms (SAFM), Lancaster Colony Corporation (LANC), HRG Group (HRG), New York Times Company (The) (NYT), Tupperware Brands Corporation (TUP), Industrias Bachoco, S.A. de C.V. (IBA), John Wiley & Sons (JW.A), Energizer Holdings (ENR) and Ollie's Bargain Outlet Holdings (OLLI).

Meredith Corporation's management team includes the folowing people:

• Stephen M. Lacy, Chairman of the Board, Chief Executive Officer
• Thomas H. Harty, President, Chief Operating Officer, Director
• D. Mell Meredith Frazier, Independent Vice Chairman of the Board
• Joseph H. Ceryanec, Chief Financial Officer
• Paul A. Karpowicz, President - Local Media Group
• Jonathan B. Werther, President, National Media Group
• Alysia Borsa, Chief Marketing and Data Officer
• John S. Zieser, Chief Development Officer, General Counsel, Secretary
• Beth J. Kaplan, Director
• Donald A. Baer, Independent Director

Shares of Meredith Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Meredith Corporation stock can currently be purchased for approximately $53.85.