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NYSE:MDPMeredith Stock Price, Forecast & News

$14.94
-1.42 (-8.68 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$14.83
Now: $14.94
$15.96
50-Day Range
$11.34
MA: $13.91
$17.45
52-Week Range
$10.01
Now: $14.94
$56.86
Volume1.79 million shs
Average Volume1.50 million shs
Market Capitalization$677.38 million
P/E RatioN/A
Dividend Yield14.55%
Beta1.7
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.36 out of 5 stars


Industry, Sector and Symbol

Industry Periodicals
Sub-IndustryPublishing
CUSIP58943310
Phone515-284-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.19 billion
Cash Flow$8.16 per share
Book Value$13.06 per share

Profitability

Net Income$46.30 million

Miscellaneous

Employees5,670
Market Cap$677.38 million
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable

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Meredith (NYSE:MDP) Frequently Asked Questions

How has Meredith's stock been impacted by COVID-19 (Coronavirus)?

Meredith's stock was trading at $22.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MDP stock has decreased by 32.9% and is now trading at $14.94. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meredith?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meredith in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Meredith.

When is Meredith's next earnings date?

Meredith is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Meredith.

How were Meredith's earnings last quarter?

Meredith Co. (NYSE:MDP) issued its earnings results on Thursday, May, 14th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.32 by $0.83. The firm had revenue of $701.70 million for the quarter. Meredith had a negative net margin of 8.39% and a positive return on equity of 32.80%. View Meredith's earnings history.

How often does Meredith pay dividends? What is the dividend yield for Meredith?

Meredith declared a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 28th will be paid a dividend of $0.595 per share on Friday, March 13th. This represents a $2.38 dividend on an annualized basis and a yield of 15.93%. The ex-dividend date is Thursday, February 27th. This is an increase from Meredith's previous quarterly dividend of $0.58. View Meredith's dividend history.

What price target have analysts set for MDP?

5 analysts have issued twelve-month price targets for Meredith's stock. Their forecasts range from $16.00 to $48.00. On average, they expect Meredith's stock price to reach $33.80 in the next twelve months. This suggests a possible upside of 126.2% from the stock's current price. View analysts' price targets for Meredith.

Has Meredith been receiving favorable news coverage?

Headlines about MDP stock have been trending very negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meredith earned a daily sentiment score of -3.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutMeredith.

Are investors shorting Meredith?

Meredith saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 8,750,000 shares, an increase of 8.4% from the April 30th total of 8,070,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is presently 5.2 days. Approximately 22.3% of the shares of the stock are sold short. 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), Exxon Mobil (XOM), Verizon Communications (VZ), Altria Group (MO), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), Enterprise Products Partners (EPD), Intel (INTC) and Energy Transfer LP Unit (ET).

Who are Meredith's key executives?

Meredith's management team includes the following 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

What is Meredith's stock symbol?

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

Who are Meredith's major shareholders?

Meredith's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.74%), Healthcare of Ontario Pension Plan Trust Fund (3.53%), State Street Corp (3.02%), Invesco Ltd. (2.31%), Silvercrest Asset Management Group LLC (2.08%) and Gamco Investors INC. ET AL (2.01%). Company insiders that own Meredith stock include Donald C Berg, Elizabeth E Tallett, Frederick B Henry, John S Zieser, Joseph H Ceryanec, Patrick Mccreery, 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 State Street Corp, Nuveen Asset Management LLC, BlackRock Inc., Deprince Race & Zollo Inc., Raymond James & Associates, UBS Group AG, Bank of New York Mellon Corp, and Morgan Stanley. View insider buying and selling activity for Meredith.

Which institutional investors are buying Meredith stock?

MDP stock was acquired by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Advisor Group Holdings Inc., Thrivent Financial for Lutherans, JPMorgan Chase & Co., Gamco Investors INC. ET AL, Bogle Investment Management L P DE, Squarepoint Ops LLC, and Russell Investments Group Ltd.. Company insiders that have bought Meredith stock in the last two years include Donald C Berg, Elizabeth E Tallett, Patrick Mccreery, Steven M Cappaert, and Thomas H Harty. View insider buying and selling activity 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 $14.94.

How big of a company is Meredith?

Meredith has a market capitalization of $677.38 million and generates $3.19 billion in revenue each year. Meredith employs 5,670 workers across the globe.

What is Meredith's official website?

The official website for Meredith is 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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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