Meredith (MDP) to Release Quarterly Earnings on Wednesday

Meredith (NYSE:MDP) will release its earnings data after the market closes on Wednesday, April 25th. Analysts expect Meredith to post earnings of $0.82 per share for the quarter.

Meredith (NYSE:MDP) last announced its earnings results on Wednesday, January 31st. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.25. The company had revenue of $417.70 million during the quarter, compared to the consensus estimate of $414.97 million. Meredith had a net margin of 16.41% and a return on equity of 16.72%. Meredith’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. On average, analysts expect Meredith to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of MDP opened at $51.45 on Monday. The company has a market capitalization of $2,301.56, a price-to-earnings ratio of 12.86, a PEG ratio of 1.38 and a beta of 1.41. Meredith has a twelve month low of $50.63 and a twelve month high of $72.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 1.10.

In related news, Director Donald C. Berg acquired 3,500 shares of the stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $57.50 per share, for a total transaction of $201,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

Several brokerages have weighed in on MDP. Zacks Investment Research downgraded shares of Meredith from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Gabelli upgraded shares of Meredith from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Benchmark restated a “buy” rating on shares of Meredith in a research note on Tuesday, January 30th. Finally, ValuEngine downgraded shares of Meredith from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $73.00.

WARNING: This story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at

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.

Earnings History for Meredith (NYSE:MDP)

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

Leave a Reply