Meredith (MDP) Earning Somewhat Favorable Press Coverage, Accern Reports

Media headlines about Meredith (NYSE:MDP) have trended somewhat positive on Monday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Meredith earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.2926276532029 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Meredith opened at $52.65 on Monday, MarketBeat.com reports. Meredith has a 12 month low of $47.30 and a 12 month high of $72.25. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.71 and a quick ratio of 1.67. The company has a market cap of $2.35 billion, a PE ratio of 13.10, a P/E/G ratio of 0.69 and a beta of 1.40.

Meredith (NYSE:MDP) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.33. Meredith had a return on equity of 15.46% and a net margin of 6.62%. The business had revenue of $648.80 million during the quarter, compared to analysts’ expectations of $752.28 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. sell-side analysts anticipate that Meredith will post 3.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Wednesday, May 30th. Meredith’s dividend payout ratio (DPR) is presently 54.50%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Meredith from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine cut Meredith from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Benchmark restated a “buy” rating and set a $70.00 price target on shares of Meredith in a research note on Tuesday, June 12th. TheStreet cut Meredith from a “b” rating to a “c+” rating in a research note on Thursday, May 10th. Finally, Citigroup upgraded Meredith from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $73.25.

In other Meredith news, Director Donald C. Berg acquired 4,000 shares of the business’s stock in a transaction on Tuesday, May 29th. The stock was purchased at an average price of $48.20 per share, for a total transaction of $192,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

About Meredith

Meredith Corporation operates as a diversified media company in the United States. It operates in two segments, Local Media and National Media. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations.

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

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