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

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$55.29 -3.00 (-5.15 %)
(As of 12/9/2018 02:32 PM ET)
Previous Close$55.29
Today's Range$55.24 - $58.60
52-Week Range$47.30 - $72.25
Volume320,509 shs
Average Volume288,083 shs
Market Capitalization$2.49 billion
P/E Ratio21.77
Dividend Yield3.94%
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
Phone515-284-3000

Debt

Debt-to-Equity Ratio2.72
Current Ratio1.57
Quick Ratio1.52

Price-To-Earnings

Trailing P/E Ratio21.77
Forward P/E Ratio18.13
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.25 billion
Price / Sales1.11
Cash Flow$6.7263 per share
Price / Cash Flow8.22
Book Value$24.44 per share
Price / Book2.26

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$2.49 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.94%. 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) announced its earnings results on Friday, November, 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.54. The firm had revenue of $756.70 million for the quarter, compared to analyst estimates of $751.33 million. Meredith had a net margin of 3.18% and a return on equity of 13.08%. The firm's revenue was up 92.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. 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 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 brokers have issued twelve-month price objectives for Meredith's shares. Their forecasts range from $57.00 to $70.00. On average, they expect Meredith's share price to reach $64.6667 in the next year. This suggests a possible upside of 17.0% 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 underperformed the industry in the past six months. Soft print media trends and stiff competition act as deterrent. The decline in adjusted EBITDA margin is also a woe. Further, the company delivered dismal bottom-line performance with an earnings miss in fourth-quarter fiscal 2018 after four straight quarters of beat. The bottom line declined year over year as well. However, the company’s top line came almost in line with the consensus estimate and surged 76.9% on a year-over-year basis on the back of strong segment performance.  Meredith’s strategic initiatives in digital space and brand licensing activities bodes well. Additionally, 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. Also, the company is offloading non-core brands." (10/12/2018)
  • 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 been trending positive on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meredith earned a news impact score of 2.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an impact on the company's share price in the next few days.

Who are some of Meredith's key competitors?

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 variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.21%), Vanguard Group Inc. (8.10%), Royce & Associates LP (5.02%), Dimensional Fund Advisors LP (4.54%), Fairpointe Capital LLC (4.29%) and Ceredex Value Advisors LLC (4.16%). 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 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 Edwin T Iv Meredith, Frederick B Henry, John S Zieser, Joseph H Ceryanec and Meredith D Mell Frazier. 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 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 $55.29.

How big of a company is Meredith?

Meredith has a market capitalization of $2.49 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 (star star)
Outperform Votes:  262 (Vote Outperform)
Underperform Votes:  400 (Vote Underperform)
Total Votes:  662
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 12/9/2018 by MarketBeat.com Staff

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