NYSE:MDP - Meredith Stock Price, Price Target & More

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$51.95 -0.55 (-1.05 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$51.95
Today's Range$51.85 - $52.65
52-Week Range$47.30 - $72.25
Volume463,026 shs
Average Volume392,415 shs
Market Capitalization$2.36 billion
P/E Ratio12.99
Dividend Yield4.15%
Beta1.49
Meredith logoMeredith Corporation operates as a diversified media company in the United States. It operates in two segments, Local Media and National Media. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. This segment also includes 12 Websites, 12 mobile-optimized Websites, and approximately 30 applications focused on news, sports, and weather-related information. The National Media segment publishes magazines for women. This segment publishes approximately 20 subscription magazines that include Better Homes & Gardens, Parents, Family Circle, Allrecipes, Rachael Ray Every Day, Martha Stewart Living, Shape, and FamilyFun, as well as approximately 140 special interest publications under approximately 90 titles. Its portfolio also includes approximately 50 Websites, 30 mobile-optimized Websites, and 20 applications. In addition, this segment offers digital and customer relationship marketing services, such as specialized marketing products and services to America's companies. Further, it is involved in the provision of a consumer database, as well as custom content; and brand licensing activities and other related operations. 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
SymbolNYSE:MDP
CUSIP58943310
Phone515-284-3000

Debt

Debt-to-Equity Ratio2.75
Current Ratio1.71
Quick Ratio1.67

Price-To-Earnings

Trailing P/E Ratio12.99
Forward P/E Ratio13.82
P/E Growth0.45

Sales & Book Value

Annual Sales$1.71 billion
Price / Sales1.36
Cash Flow$5.6223 per share
Price / Cash9.24
Book Value$22.35 per share
Price / Book2.32

Profitability

EPS (Most Recent Fiscal Year)$4.00
Net Income$188.92 million
Net Margins6.62%
Return on Equity15.46%
Return on Assets4.39%

Miscellaneous

Employees3,620
Outstanding Shares44,870,000
Market Cap$2,355.62

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, May 9th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.545 per share on Friday, June 15th. This represents a $2.18 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 30th. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) released its quarterly earnings results on Thursday, May, 10th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.33. The business earned $648.80 million during the quarter, compared to analyst estimates of $752.28 million. Meredith had a return on equity of 15.46% and a net margin of 6.62%. The business's revenue for the quarter was up 52.5% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. View Meredith's Earnings History.

When is Meredith's next earnings date?

Meredith is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Meredith.

What price target have analysts set for MDP?

6 equities research analysts have issued 12-month price targets for Meredith's shares. Their predictions range from $70.00 to $80.00. On average, they anticipate Meredith's share price to reach $75.3333 in the next twelve months. This suggests a possible upside of 45.0% from the stock's current price. View Analyst Ratings for Meredith.

What is the consensus analysts' recommendation for Meredith?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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. With advancing technology, the print media is on a decline. Waning print media trends, shift from traditional advertising and stiff competition act as deterrent. Also, the decline in adjusted EBITDA margin is a woe. However, Meredith’s strategic initiatives in digital space, brand licensing activities, solid portfolio of television stations and a robust earnings surprise history reinforce its position as one of the leading media and marketing companies. Moreover, 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. In keeping with its strategy to focus on core operations, Meredith is offloading non-core brands." (7/3/2018)
  • 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)

Who are some of Meredith's key competitors?

Who are Meredith's key executives?

Meredith's management team includes the folowing people:
  • Mr. Thomas H. Harty, CEO & Pres (Age 55)
  • Mr. Joseph H. Ceryanec, Chief Financial Officer (Age 57)
  • Mr. John S. Zieser Esq., Chief Devel. Officer, Gen. Counsel & Sec. (Age 59)
  • Mr. Paul A. Karpowicz, Pres of Local Media Group (Age 65)
  • Mr. Mike Lovell, Director of Investor Relations

Has Meredith been receiving favorable news coverage?

Press coverage about MDP stock has been trending somewhat positive this week, according to Accern. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meredith earned a news impact score of 0.07 on Accern's scale. They also assigned media stories about the company an impact score of 45.33 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Meredith's major shareholders?

Meredith's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Channing Capital Management LLC (2.40%), Deprince Race & Zollo Inc. (2.09%), Fisher Asset Management LLC (2.00%), Foundry Partners LLC (0.57%), Rowland & Co. Investment Counsel ADV (0.08%) and North Star Investment Management Corp. (0.08%). 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 Fisher Asset Management LLC, Bank of Montreal Can and Municipal Employees Retirement System of Michigan. 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, Meredith D Mell Frazier, Paul Karpowicz, Stephen M Lacy and Thomas H Harty. 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 Deprince Race & Zollo Inc., Foundry Partners LLC, Channing Capital Management LLC, Fox Run Management L.L.C., North Star Investment Management Corp., Rowland & Co. Investment Counsel ADV, Nisa Investment Advisors LLC and Marshwinds Advisory Co.. 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 $51.95.

How big of a company is Meredith?

Meredith has a market capitalization of $2.36 billion and generates $1.71 billion in revenue each year. The company earns $188.92 million in net income (profit) each year or $4.00 on an earnings per share basis. Meredith employs 3,620 workers across the globe.

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:  1.8 out of 5 (star)
Outperform Votes:  217 (Vote Outperform)
Underperform Votes:  372 (Vote Underperform)
Total Votes:  589
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 7/21/2018 by MarketBeat.com Staff

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