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

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$56.97 +0.26 (+0.46 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$56.97
Today's Range$56.5048 - $57.29
52-Week Range$47.30 - $62.40
Volume246,553 shs
Average Volume412,124 shs
Market Capitalization$2.57 billion
P/E Ratio22.43
Dividend Yield3.84%
Beta1.14
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

Industry Periodicals
Sub-IndustryPublishing
SectorConsumer Staples
CUSIP58943310
Phone515-284-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.25 billion
Cash Flow$6.7580 per share
Book Value$23.42 per share

Profitability

Net Income$99.40 million

Miscellaneous

Employees7,915
Market Cap$2.57 billion
Next Earnings Date5/9/2019 (Estimated)
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 Monday, February 4th. Investors of record on Thursday, February 28th will be paid a dividend of $0.575 per share on Friday, March 15th. This represents a $2.30 annualized dividend and a yield of 4.04%. The ex-dividend date is Wednesday, February 27th. This is a boost from Meredith's previous quarterly dividend of $0.55. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) announced its quarterly earnings data on Monday, February, 11th. The company reported $1.53 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.29 by $0.24. The company earned $853.50 million during the quarter, compared to analyst estimates of $859.28 million. Meredith had a positive return on equity of 16.96% and a negative net margin of 1.89%. Meredith's quarterly revenue was up 104.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 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, May 9th 2019. View Earnings Estimates for Meredith.

What guidance has Meredith issued on next quarter's earnings?

Meredith issued an update on its FY19 earnings guidance on Monday, February, 11th. The company provided EPS guidance of $2.78-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.21. The company issued revenue guidance of $3-3.2 billion, compared to the consensus revenue estimate of $3.10 billion.Meredith also updated its FY 2019 guidance to $2.78-3.20 EPS.

What price target have analysts set for MDP?

5 Wall Street analysts have issued 1 year target prices for Meredith's stock. Their forecasts range from $54.97 to $70.00. On average, they expect Meredith's share price to reach $62.2425 in the next twelve months. This suggests a possible upside of 9.3% 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. Benchmark Co. analysts commented, "We expect value to be unlocked over time through incremental asset sales (TV?), with EBITDA reaching the billion dollar goal by 2021, reinforcing the acquisition. We would characterize the ~$10 million shortfall in NMG as squarely a result of 1) not having clean comparisons; 2) improperly reflecting asset sales and seasonality, with the bulk of the “miss” coming in “other” categories (same for the guide in both NMG and Local). Print declines in the mid-teens largely matched our forecast, while subscription revenue came in a touch higher than our projection. If there was an area of disappointment, it was the continued lack of growth in digital, with management calling out ongoing disruption to operations during the integration process." (2/12/2019)
  • 2. According to Zacks Investment Research, "Shares of Meredith have lagged the industry in the past three months. Waning print media trends due to shift from traditional advertising continues to pose a concern. Also, high interest expense along with increasing SG&A costs remains a concern and may dent the company’s bottom line in the near future. However, Meredith’s strategic initiatives in digital space, brand licensing activities, solid portfolio of television stations and a robust earnings surprise history bodes well. Also, the company posted solid third quarter fiscal 2019 results backed by robust demand for political advertising in Local Media Group and controlled expenses in National Media Group. Moreover, the company acquired Time Inc. and now expects to generate cost synergies of $400-$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." (2/6/2019)

Has Meredith been receiving favorable news coverage?

News coverage about MDP stock has trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meredith earned a news impact score of 0.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Who are some of Meredith's key competitors?

What other stocks do shareholders of Meredith own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meredith investors own include Intel (INTC), AT&T (T), QUALCOMM (QCOM), Celgene (CELG), Caterpillar (CAT), Verizon Communications (VZ), Cisco Systems (CSCO), General Electric (GE), Activision Blizzard (ATVI) and AbbVie (ABBV).

Who are Meredith's key executives?

Meredith's management team includes the folowing people:
  • Mr. Stephen M. Lacy, Exec. Chairman (Age 65)
  • Mr. Thomas H. Harty, Pres, CEO & Director (Age 56)
  • Mr. Joseph H. Ceryanec, Chief Financial Officer (Age 58)
  • Mr. John S. Zieser, Chief Devel. Officer, Gen. Counsel & Sec. (Age 60)
  • Mr. Jonathan B. Werther, Pres of National Media Group (Age 50)

Who are Meredith's major shareholders?

Meredith's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.54%), Ceredex Value Advisors LLC (5.97%), Barrow Hanley Mewhinney & Strauss LLC (5.66%), Royce & Associates LP (5.24%), Dimensional Fund Advisors LP (4.44%) and Standard Life Aberdeen plc (2.36%). 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 Barrow Hanley Mewhinney & Strauss LLC, Channing Capital Management LLC, Standard Life Aberdeen plc, Deprince Race & Zollo Inc., Macquarie Group Ltd., United Services Automobile Association, Comerica Bank and Prudential PLC. 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 Ceredex Value Advisors LLC, Lancaster Investment Management LLP, Fort Pitt Capital Group LLC, BlackRock Inc., Millennium Management LLC, Walthausen & Co. LLC, Royce & Associates LP and AMG National Trust Bank. 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 $56.97.

How big of a company is Meredith?

Meredith has a market capitalization of $2.57 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:  278 (Vote Outperform)
Underperform Votes:  410 (Vote Underperform)
Total Votes:  688
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 2/23/2019 by MarketBeat.com Staff

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