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.
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Industry, Sector and Symbol
Industry Periodicals
Sub-IndustryPublishing
SectorConsumer Staples
Phone515-284-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.19 billion
Profitability
Miscellaneous
Employees5,670
Next Earnings Date11/8/2019 (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 Thursday, August 8th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.575 per share on Friday, September 13th. This represents a $2.30 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Thursday, August 29th. View Meredith's Dividend History.
How were Meredith's earnings last quarter?
Meredith Co. (NYSE:MDP) posted its earnings results on Thursday, September, 5th. The company reported $1.79 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.74 by $0.05. The firm earned $785.60 million during the quarter, compared to analysts' expectations of $772.63 million. Meredith had a return on equity of 29.93% and a net margin of 1.47%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) earnings per share. View Meredith's Earnings History.
When is Meredith's next earnings date?
What guidance has Meredith issued on next quarter's earnings?
Meredith updated its FY20 earnings guidance on Thursday, September, 5th. The company provided EPS guidance of $5.75-6.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.95. The company issued revenue guidance of $3.0-3.2 billion, compared to the consensus revenue estimate of $3.04 billion.
What price target have analysts set for MDP?
5 analysts have issued twelve-month target prices for Meredith's stock. Their predictions range from $30.00 to $54.97. On average, they anticipate Meredith's share price to reach $42.39 in the next twelve months. This suggests a possible upside of 19.5% 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 2 hold ratings and 3 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, "With advancing technology, Meredith is reeling under print media decline for a while now. Although the company expects print advertising revenues to decline further in the fiscal third quarter, its efforts to expand digital presence will take time to bear fruits. Additionally, the company is witnessing rising SG&A expenses and high interest expenses for the past few quarters, persistence of which may weigh on its bottom line in the near future. Nevertheless, the company’s top and bottom lines rose year over year in the second quarter of fiscal 2019. Results gained form robust performances in both National and Local Media Groups. Moreover, the company’s acquisition of TIME benefited it with $500 million of cost savings within the first two full years of combined operations. Meredith’s strategic initiatives in digital space, brand licensing activities and solid portfolio of television stations bodes well." (2/26/2019)
- 2. 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)
Has Meredith been receiving favorable news coverage?
Press coverage about MDP stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meredith earned a news sentiment score of -3.2 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Meredith.
Are investors shorting Meredith?
Meredith saw a decrease in short interest in the month of September. As of September 15th, there was short interest totalling 6,210,000 shares, a decrease of 25.3% from the August 15th total of 8,310,000 shares. Based on an average trading volume of 589,000 shares, the days-to-cover ratio is presently 10.5 days. Currently, 15.9% of the company's shares are sold short. View Meredith's Current Options Chain.
Who are some of Meredith's key competitors?
Some companies that are related to Meredith include Square Enix (SQNXF), Ingredion (INGR), 51job (JOBS), COCA COLA AMATI/ADR (CCLAY), Pola Orbis (PORBF), Boston Beer (SAM), New York Times (NYT), Flowers Foods (FLO), Tate & Lyle (TATYY), Compania Cervecerias Unidas (CCU), Helen of Troy (HELE), Ollie's Bargain Outlet (OLLI), Lancaster Colony (LANC), Nomad Foods (NOMD) and Glanbia (GLAPY).
What other stocks do shareholders of Meredith own?
Who are Meredith's key executives?
Meredith's management team includes the folowing people:
- 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)
- Mr. Mike Lovell, Director of Investor Relations
Who are Meredith's major shareholders?
Meredith's stock is owned by a number of of retail and institutional investors. Top institutional investors include Edmp Inc. (0.38%), North Star Investment Management Corp. (0.13%), Rowland & Co. Investment Counsel ADV (0.09%), Pacer Advisors Inc. (0.03%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Meredith stock include Donald C Berg, Edwin T Iv Meredith, Elizabeth E Tallett, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Meredith D Mell Frazier, Paul Karpowicz 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 Pacer Advisors Inc.. 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 major investors are buying Meredith stock?
MDP stock was acquired by a variety of institutional investors in the last quarter, including Edmp Inc., North Star Investment Management Corp., State of Alaska Department of Revenue and Rowland & Co. Investment Counsel ADV. 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.
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, Robinhood, Fidelity and Charles Schwab.
What is Meredith's stock price today?
One share of MDP stock can currently be purchased for approximately $35.48.
How big of a company is Meredith?
What is Meredith's official website?
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)
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.
