Meredith Corporation (MDP) Receives Media Sentiment Rating of 0.11

News articles about Meredith Corporation (NYSE:MDP) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meredith Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.4742069180966 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research firms have commented on MDP. BidaskClub lowered Meredith Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. ValuEngine raised Meredith Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price target on shares of Meredith Corporation in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered Meredith Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $63.33.

Meredith Corporation (NYSE:MDP) opened at 55.00 on Wednesday. The firm’s 50 day moving average price is $54.69 and its 200-day moving average price is $57.68. Meredith Corporation has a 12-month low of $43.85 and a 12-month high of $66.25. The stock has a market cap of $2.45 billion, a P/E ratio of 13.22 and a beta of 1.23.

Meredith Corporation (NYSE:MDP) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.11. Meredith Corporation had a net margin of 11.03% and a return on equity of 18.98%. The firm had revenue of $445.40 million during the quarter, compared to the consensus estimate of $439.61 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Meredith Corporation will post $3.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Tuesday, August 29th. Meredith Corporation’s dividend payout ratio is presently 50.12%.

In other news, insider Thomas H. Harty sold 20,028 shares of Meredith Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $60.46, for a total transaction of $1,210,892.88. Following the completion of the sale, the insider now owns 44,445 shares of the company’s stock, valued at $2,687,144.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Zieser sold 1,924 shares of Meredith Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $57.26, for a total transaction of $110,168.24. Following the sale, the insider now directly owns 6,800 shares of the company’s stock, valued at approximately $389,368. The disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock valued at $4,745,847 in the last ninety days. Insiders own 4.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international t

A number of research firms have commented on MDP. BidaskClub lowered Meredith Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. ValuEngine raised Meredith Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price target on shares of Meredith Corporation in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered Meredith Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $63.33.

Meredith Corporation (NYSE:MDP) opened at 55.00 on Wednesday. The firm’s 50 day moving average price is $54.69 and its 200-day moving average price is $57.68. Meredith Corporation has a 12-month low of $43.85 and a 12-month high of $66.25. The stock has a market cap of $2.45 billion, a P/E ratio of 13.22 and a beta of 1.23.

Meredith Corporation (NYSE:MDP) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.11. Meredith Corporation had a net margin of 11.03% and a return on equity of 18.98%. The firm had revenue of $445.40 million during the quarter, compared to the consensus estimate of $439.61 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Meredith Corporation will post $3.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Tuesday, August 29th. Meredith Corporation’s dividend payout ratio is presently 50.12%.

In other news, insider Thomas H. Harty sold 20,028 shares of Meredith Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $60.46, for a total transaction of $1,210,892.88. Following the completion of the sale, the insider now owns 44,445 shares of the company’s stock, valued at $2,687,144.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Zieser sold 1,924 shares of Meredith Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $57.26, for a total transaction of $110,168.24. Following the sale, the insider now directly owns 6,800 shares of the company’s stock, valued at approximately $389,368. The disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock valued at $4,745,847 in the last ninety days. Insiders own 4.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/11/meredith-corporation-mdp-receives-media-sentiment-rating-of-0-11.html.

About Meredith Corporation

Meredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company’s Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations.

Insider Buying and Selling by Quarter for Meredith Corporation (NYSE:MDP)

Receive News & Ratings for Meredith Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meredith Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply