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.
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.
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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.
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