About Media General (NYSE:MEG)
Media General, Inc. is a television broadcasting and digital media company. The Company provides news, information and entertainment in markets across the United States. The Company operates or services 71 network-affiliated broadcast television stations in 48 markets along with the digital media business. The Company's network affiliations include twelve CBS stations, nine NBC stations, seven ABC stations, one FOX station, one CW station and one MyNetworkTV station. The Company offers consumers and advertisers with entertainment and information, content and distribution on every screen. Its portfolio of broadcast, digital and mobile products informs and engages 23% of United States Television (TV) households and 43% of the United States Internet audience. The Company has the diverse digital media business with a portfolio that includes LIN Digital, LIN Mobile, HYFN, Dedicated Media, Federated Media and BiteSizeTV.
Industry, Sector and Symbol
Industry N/A
Sub-IndustryN/A
SectorN/A
SymbolNYSE:MEG
CUSIPN/A
PhoneN/A
Debt
Debt-to-Equity Ratio1.58%
Current Ratio2.51%
Quick Ratio2.51%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins-4.25%
Return on Equity6.92%
Return on Assets2.28%
Miscellaneous
Employees5,400
Outstanding Shares129,300,000
Media General (NYSE:MEG) Frequently Asked Questions
What is Media General's stock symbol?
Media General trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEG."
How were Media General's earnings last quarter?
Media General, Inc. (NYSE:MEG) released its quarterly earnings results on Friday, August, 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.02. The firm earned $363 million during the quarter, compared to the consensus estimate of $365.85 million. Media General had a positive return on equity of 6.92% and a negative net margin of 4.25%. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. View Media General's Earnings History.
What price target have analysts set for MEG?
2 brokerages have issued 12 month target prices for Media General's stock. Their predictions range from $7.50 to $8.00. On average, they expect Media General's stock price to reach $7.75 in the next year. View Analyst Ratings for Media General.
Has Media General been receiving favorable news coverage?
News headlines about MEG stock have been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Media General earned a media sentiment score of 0.12 on Accern's scale. They also assigned headlines about the company an impact score of 45.99 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
What is Media General's stock price today?
One share of MEG stock can currently be purchased for approximately $18.51.
MarketBeat Community Rating for Media General (MEG)
MarketBeat's community ratings are surveys of what our community members think about Media General and other stocks. Vote "Outperform" if you believe MEG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MEG will underperform the S&P 500 over the long term. You may vote once every thirty days.
Media General (NYSE:MEG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Media General in the last 12 months. Their average twelve-month price target is $7.75, suggesting that the stock has a possible downside of 58.13%. The high price target for MEG is $8.00 and the low price target for MEG is $7.50. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.50 | 2.50 | 2.50 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $7.75 | $7.75 | $7.75 | $8.00 |
| Price Target Upside: | 58.13% downside | 58.13% downside | 58.13% downside | 56.78% downside |
Media General (NYSE:MEG) Consensus Price Target History
Media General (NYSE:MEG) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/15/2018 | AltaCorp Capital | Reiterated Rating | Hold | $7.50 | N/A |  |
| 10/16/2017 | Royal Bank of Canada | Reiterated Rating | Buy | $8.00 | N/A | |
| 5/9/2016 | Wedbush | Boost Price Target | Neutral | $18.00 -> $19.00 | N/A | |
(Data available from 4/23/2016 forward)
Media General (NYSE:MEG) Earnings History and Estimates Chart
Media General (NYSE MEG) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/9/2016 | Q316 | $0.32 | $0.35 | $404.62 million | $377.00 million | View | N/A | |
| 8/5/2016 | Q2 | $0.16 | $0.14 | $365.85 million | $363.00 million | View | N/A | |
| 5/6/2016 | Q116 | $0.04 | ($0.20) | $340.17 million | $343.00 million | View | N/A | |
| 2/26/2016 | Q415 | $0.22 | $0.12 | $372.72 million | $366.00 million | View | Listen | |
| 11/5/2015 | Q315 | $0.03 | $0.03 | $323.13 million | $322.00 million | View | N/A | |
| 8/6/2015 | Q215 | $0.06 | $0.04 | $325.96 million | $321.00 million | View | N/A | |
| 5/7/2015 | Q115 | ($0.03) | ($0.03) | $300.10 million | $297.00 million | View | N/A | |
| 2/26/2015 | Q414 | $0.31 | $0.29 | $192.98 million | $217.00 million | View | N/A | |
| 2/5/2015 | Q414 | $0.31 | $0.16 | $192.98 million | | View | N/A | |
| 11/6/2014 | Q314 | $0.21 | $0.18 | $164.40 million | $160.20 million | View | N/A | |
| 8/5/2014 | Q114 | $0.16 | $0.12 | $153.33 million | $154.10 million | View | N/A | |
| 4/28/2014 | Q1 2014 | | $0.09 | | $143.92 million | View | N/A | |
| 2/27/2014 | Q4 2013 | | $0.02 | | $109.99 million | View | N/A | |
| 10/31/2013 | | | $0.56 | | $78.49 million | View | Listen | |
| 8/8/2013 | Q2 2013 | | ($0.35) | | $82.02 million | View | Listen | |
| 4/24/2013 | Q1 2013 | | ($0.60) | | $73.94 million | View | N/A | |
| 1/31/2013 | Q4 2012 | | $0.64 | | | View | N/A | |
| 10/17/2012 | Q3 2012 | | ($0.04) | | | View | N/A | |
| 7/18/2012 | Q2 2012 | | ($0.49) | | | View | N/A | |
| 4/18/2012 | Q1 2012 | | ($0.62) | | | View | N/A | |
| 1/26/2012 | | $0.54 | $0.20 | | | View | N/A | |
| 10/19/2011 | | ($0.28) | ($1.32) | | | View | N/A | |
| 7/20/2011 | | ($0.29) | ($0.68) | | | View | N/A | |
| 4/20/2011 | | ($0.28) | ($1.15) | | | View | N/A | |
| 1/27/2011 | | $0.70 | $0.39 | | | View | N/A | |
| 10/20/2010 | Q3 2010 | | ($0.48) | | | View | N/A | |
| 7/21/2010 | Q2 2010 | | ($0.19) | | | View | N/A | |
| 4/21/2010 | Q1 2010 | | ($0.75) | | | View | N/A | |
| 1/28/2010 | Q4 2009 | $0.46 | $1.01 | | | View | N/A | |
| 10/21/2009 | Q3 2009 | $0.13 | $0.20 | | | View | N/A | |
| 7/22/2009 | Q2 2009 | ($0.24) | ($0.22) | | | View | N/A | |
| 4/17/2009 | Q1 2009 | ($0.05) | ($0.77) | | | View | N/A | |
| 1/29/2009 | Q4 2008 | $0.46 | $0.39 | | | View | N/A | |
| 10/16/2008 | Q3 2008 | $0.18 | $0.22 | | | View | N/A | |
| 7/17/2008 | Q2 2008 | $0.03 | $0.08 | | | View | N/A | |
| 4/17/2008 | Q1 2008 | ($0.46) | ($0.44) | | | View | N/A | |
| 1/31/2008 | Q4 2007 | $0.75 | $0.63 | | | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
Media General (NYSE:MEG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Media General (NYSE MEG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 16.50%
Institutional Ownership Percentage: 90.77%
Media General (NYSE MEG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/15/2016 | General L.P. Standard | Director | Sell | 794,289 | $18.35 | $14,575,203.15 | | |
| 12/12/2016 | Deborah A Mcdermott | VP | Sell | 4,545 | $18.75 | $85,218.75 | 3,545 | |
| 9/8/2016 | Deborah A Mcdermott | VP | Sell | 4,000 | $17.90 | $71,600.00 | 4,545 | |
| 6/21/2016 | John R Muse | Director | Sell | 7 | $17.56 | $122.92 | 70,174 | |
| 6/20/2016 | John R Muse | Director | Sell | 7,995 | $17.55 | $140,312.25 | 70,174 | |
| 6/15/2016 | John R Muse | Director | Sell | 1,211,478 | $17.94 | $21,733,915.32 | 96,522 | |
| 6/13/2016 | John R Muse | Director | Sell | 83,500 | $17.70 | $1,477,950.00 | 98,917 | |
| 3/16/2016 | Deborah A Mcdermott | COO | Sell | 4,495 | $16.70 | $75,066.50 | 12,040 | |
| 3/4/2016 | General L.P. Standard | Major Shareholder | Sell | 7,000,000 | $16.51 | $115,570,000.00 | | |
| 3/2/2016 | James F Woodward | CFO | Sell | 1,431 | $16.87 | $24,140.97 | 32,014 | |
| 3/2/2016 | Vincent L Sadusky | CEO | Sell | 16,288 | $16.87 | $274,778.56 | 900,112 | |
| 2/29/2016 | Andrew C Carington | VP | Sell | 1,323 | $16.38 | $21,670.74 | 10,620 | |
| 2/29/2016 | Deborah A Mcdermott | COO | Sell | 4,892 | $16.38 | $80,130.96 | 13,449 | |
| 2/29/2016 | Timothy J Mulvaney | CAO | Sell | 288 | $16.38 | $4,717.44 | 9,265 | |
| 12/17/2014 | James R Conschafter | VP | Sell | 12,333 | $17.00 | $209,661.00 | | |
| 9/2/2014 | Timothy J Mulvaney | CAO | Sell | 2,533 | $15.52 | $39,312.16 | | |
| 12/12/2013 | Marshall N Morton | Chairman | Sell | 41,214 | $21.38 | $881,155.32 | | |
| 8/27/2013 | Marshall N Morton | Chairman | Sell | 27,437 | $10.42 | $285,893.54 | | |
| 8/14/2013 | John R Cottingham | VP | Sell | 6,000 | $10.28 | $61,680.00 | | |
| 8/13/2013 | Marshall N Morton | Chairman | Sell | 75,907 | $10.54 | $800,059.78 | | |
| 10/24/2012 | Coleman Wortham III | Director | Buy | 18,000 | $4.25 | $76,500.00 | | |
| 9/24/2012 | Wyndham Robertson | Director | Buy | 10,000 | $5.16 | $51,600.00 | | |
(Data available from 1/1/2013 forward)
Media General (NYSE MEG) News Headlines
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Media General (NYSE:MEG) SEC Filings
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Media General (NYSE:MEG) Income Statement, Balance Sheet and Cash Flow Statement
Media General (NYSE MEG) Stock Chart for Monday, April, 23, 2018
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