NYSE:MDP - Meredith Stock Price, Forecast & News

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

Meredith announced a dividend on Thursday, November 14th. Shareholders of record on Friday, November 29th will be given a dividend of $0.575 per share on Friday, December 13th. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Meredith's previous dividend of $0.43. View Meredith's Dividend History.

Meredith Co. (NYSE:MDP) announced its quarterly earnings results on Thursday, November, 7th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.88 by $0.11. The business had revenue of $725.20 million for the quarter, compared to analysts' expectations of $734.43 million. Meredith had a net margin of 1.14% and a return on equity of 30.23%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. View Meredith's Earnings History.

Meredith is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Meredith.

Meredith issued an update on its second quarter 2020 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of $1.59-1.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.70. The company issued revenue guidance of $$785-810 million, compared to the consensus revenue estimate of $$809.62 million.

6 brokers have issued 1-year price objectives for Meredith's stock. Their forecasts range from $30.00 to $54.97. On average, they expect Meredith's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price. View Analyst Price Targets for Meredith.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Meredith.

Media coverage about MDP stock has trended very positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meredith earned a news sentiment score of 3.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Meredith.

Meredith saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 8,250,000 shares, an increase of 22.2% from the December 15th total of 6,750,000 shares. Based on an average daily volume of 714,000 shares, the days-to-cover ratio is currently 11.6 days. Approximately 21.1% of the company's stock are short sold. View Meredith's Current Options Chain.

Some companies that are related to Meredith include Thomson Reuters (TRI), Morningstar (MORN), New York Times (NYT), JOHN WILEY & SONS -CL A (JW.A), Shutterstock (SSTK), E. W. Scripps (SSP), Scholastic (SCHL), Daily Journal (DJCO), Value Line (VALU) and McClatchy (MNI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Meredith investors own include AT&T (T), Verizon Communications (VZ), Intel (INTC), Exxon Mobil (XOM), AbbVie (ABBV), Altria Group (MO), Walgreens Boots Alliance (WBA), Cisco Systems (CSCO), Chevron (CVX) and Enterprise Products Partners (EPD).

Meredith's stock is owned by many different of institutional and retail investors. Top institutional investors include Tealwood Asset Management Inc. (0.12%), FNY Investment Advisers LLC (0.02%), Fruth Investment Management (0.02%) and State of Alaska Department of Revenue (0.01%). Company insiders that own Meredith stock include Donald C Berg, Elizabeth E Tallett, Frederick B Henry, John S Zieser, Joseph H Ceryanec and Thomas H Harty. View Institutional Ownership Trends for Meredith.

MDP stock was sold by a variety of institutional investors in the last quarter, including Tealwood Asset Management Inc. and State of Alaska Department of Revenue. View Insider Buying and Selling for Meredith.

MDP stock was purchased by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC and Fruth Investment Management. Company insiders that have bought Meredith stock in the last two years include Donald C Berg, Elizabeth E Tallett and Thomas H Harty. View Insider Buying and Selling for 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.

One share of MDP stock can currently be purchased for approximately $32.00.

Meredith has a market capitalization of $1.45 billion and generates $3.19 billion in revenue each year. Meredith employs 5,670 workers across the globe.View Additional Information About Meredith.

The official website for Meredith is http://www.meredith.com/.

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]