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: Broadcasting - TV
- Sub-Industry: N/A
- Sector: Consumer Discretionary
- Symbol: NYSE:MEG
- CUSIP: N/A
- Web: www.mediageneral.com
- Debt-to-Equity Ratio: 1.58%
- Current Ratio: 2.51%
- Quick Ratio: 2.51%
- Trailing EPS: ($0.48)
- Net Margins: -4.25%
- Return on Equity: 6.92%
- Return on Assets: 2.28%
- Employees: 5,400
- Outstanding Shares: 129,300,000
Frequently Asked Questions for Media General (NYSE:MEG)
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) posted its quarterly earnings results on Friday, August, 5th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.02. The business earned $363 million during the quarter, compared to analysts' expectations of $365.85 million. Media General had a positive return on equity of 6.92% and a negative net margin of 4.25%. The business's quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. View Media General's Earnings History.
Where is Media General's stock going? Where will Media General's stock price be in 2017?
1 equities research analysts have issued 12 month price objectives for Media General's shares. Their forecasts range from $8.00 to $8.00. On average, they anticipate Media General's stock price to reach $8.00 in the next twelve months. View Analyst Ratings for Media General.
Who are some of Media General's key competitors?
Some companies that are related to Media General include Naspers (NPSNY), Charter Communications (CHTR), Nintendo (NTDOY), Adidas AG (ADDYY), Sands China (SCHYY), Panasonic Corp. (PCRFY), Oriental Land (OLCLY), V.F. Corporation (VFC), Luxottica Group S.p.A. (LUXTY), Sirius XM Holdings (SIRI), British Sky Broadcasting Group PLC (SKYAY), Liberty Global PLC (LBTYK), Sharp Corp. (SHCAY), Wynn Macau (WYNMF), Anta Sports Products (ANPDF), Wyndham Worldwide Corp (WYN), Tui Ag Adr (TUIFY) and AB Electrolux (publ) (ELUXY).
How do I buy Media General stock?
Shares of Media General 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 Media General's stock price today?
One share of Media General stock can currently be purchased for approximately $18.51.
MarketBeat Community Rating for Media General (NYSE MEG)MarketBeat's community ratings are surveys of what our community members think about Media General and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Media General (NYSE:MEG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$8.00 (56.78% downside)|
Consensus Price Target History for Media General (NYSE:MEG)
Analysts' Ratings History for Media General (NYSE:MEG)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|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|
|1/21/2016||Nomura||Lower Price Target||Neutral||$15.00 -> $6.00||N/A|
|1/8/2016||Benchmark Co.||Reiterated Rating||Buy||$19.00 -> $18.00||N/A|
|1/8/2016||Gabelli||Downgrade||Buy -> Hold||N/A|
Earnings History and Estimates Chart for Media General (NYSE:MEG)
Earnings History by Quarter for Media General (NYSE MEG)
(Data available from 1/1/2011 forward)
|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|
|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|
Earnings Estimates for Media General (NYSE:MEG)
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for Media General (NYSE:MEG)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Media General (NYSE MEG)
Insider Ownership Percentage: 16.50%
Institutional Ownership Percentage: 90.77%
Insider Trades by Quarter for Media General (NYSE MEG)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total 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|| |
|9/8/2016||Deborah A Mcdermott||VP||Sell||4,000||$17.90||$71,600.00|| |
|6/21/2016||John R Muse||Director||Sell||7||$17.56||$122.92|| |
|6/20/2016||John R Muse||Director||Sell||7,995||$17.55||$140,312.25|| |
|6/15/2016||John R Muse||Director||Sell||1,211,478||$17.94||$21,733,915.32|| |
|6/13/2016||John R Muse||Director||Sell||83,500||$17.70||$1,477,950.00|| |
|3/16/2016||Deborah A Mcdermott||COO||Sell||4,495||$16.70||$75,066.50|| |
|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|| |
|3/2/2016||Vincent L Sadusky||CEO||Sell||16,288||$16.87||$274,778.56|| |
|2/29/2016||Andrew C Carington||VP||Sell||1,323||$16.38||$21,670.74|| |
|2/29/2016||Deborah A Mcdermott||COO||Sell||4,892||$16.38||$80,130.96|| |
|2/29/2016||Timothy J Mulvaney||CAO||Sell||288||$16.38||$4,717.44|| |
|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|| |
Latest Headlines for Media General (NYSE MEG)
Media General (NYSE MEG) Chart for Tuesday, November, 21, 2017