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Meredith Stock Price, News & Analysis (NYSE:MDP)

$37.64
+0.58 (+1.57 %)
(As of 10/23/2019 03:51 AM ET)
Today's Range
$36.55
Now: $37.64
$38.14
50-Day Range
$32.24
MA: $36.19
$43.78
52-Week Range
$30.69
Now: $37.64
$62.40
Volume614,729 shs
Average Volume471,162 shs
Market Capitalization$1.70 billion
P/E Ratio7.26
Dividend Yield6.21%
Beta1.19
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.19 billion
Cash Flow$9.16 per share
Book Value$21.56 per share

Profitability

Net Income$46.30 million

Miscellaneous

Employees5,670
Market Cap$1.70 billion
Next Earnings Date11/8/2019 (Estimated)
OptionableOptionable

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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. Shareholders 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 yield of 6.11%. The ex-dividend date is Thursday, August 29th. View Meredith's Dividend History.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) released its quarterly earnings data on Thursday, September, 5th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.74 by $0.05. The company had revenue of $785.60 million for the quarter, compared to the consensus estimate of $772.63 million. Meredith had a return on equity of 29.93% and a net margin of 1.47%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) 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 Friday, November 8th 2019. View Earnings Estimates for Meredith.

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

Meredith issued an update on 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 Wall Street analysts have issued twelve-month price targets 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 year. This suggests a possible upside of 12.6% 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 been trending neutral recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meredith earned a coverage optimism score of 0.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Meredith.

Are investors shorting Meredith?

Meredith saw a drop in short interest in the month of September. As of September 15th, there was short interest totalling 6,210,000 shares, a drop 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 short sold. View Meredith's Current Options Chain.

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 AT&T (T), Intel (INTC), Verizon Communications (VZ), Exxon Mobil (XOM), QUALCOMM (QCOM), AbbVie (ABBV), CVS Health (CVS), General Motors (GM), Macquarie Infrastructure (MIC) and United Parcel Service (UPS).

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 variety of of retail and institutional investors. Top institutional shareholders include Edmp Inc. (0.38%), North Star Investment Management Corp. (0.13%), Rowland & Co. Investment Counsel ADV (0.09%), Nisa Investment Advisors LLC (0.06%), Pacer Advisors Inc. (0.03%) and State of Michigan Retirement System (0.03%). 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 Envestnet Asset Management Inc., Pacer Advisors Inc. and State of Michigan Retirement System. 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 purchased by a variety of institutional investors in the last quarter, including Edmp Inc., North Star Investment Management Corp., State of Alaska Department of Revenue, Nisa Investment Advisors LLC 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 $37.64.

How big of a company is Meredith?

Meredith has a market capitalization of $1.70 billion and generates $3.19 billion in revenue each year. Meredith employs 5,670 workers across the globe.View Additional Information About Meredith.

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:  2.1 out of 5 (star star)
Outperform Votes:  322 (Vote Outperform)
Underperform Votes:  453 (Vote Underperform)
Total Votes:  775
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 10/23/2019 by MarketBeat.com Staff

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