Media coverage about Meredith Corporation (NYSE:MDP) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog 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 coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.0545216336292 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Meredith Corporation (MDP) Insider Paul Karpowicz Sells 4,291 Shares (americanbankingnews.com)
- Stephen M. Lacy Sells 10,816 Shares of Meredith Corporation (MDP) Stock (americanbankingnews.com)
- Meredith Corp. – Value Analysis (NYSE:MDP) : August 17, 2017 (finance.yahoo.com)
- Meredith : Better Homes & Gardens Magazine Unveils Seventh Annual September Stylemaker Issue (4-traders.com)
- Earnings Review and Free Research Report: Thomson Reuters’ Adjusted EPS Soared 28%; Topped Estimates (finance.yahoo.com)
Shares of Meredith Corporation (MDP) opened at 54.40 on Friday. Meredith Corporation has a 12-month low of $43.85 and a 12-month high of $66.25. The company has a market capitalization of $2.43 billion, a PE ratio of 13.08 and a beta of 1.22. The firm’s 50-day moving average is $58.65 and its 200-day moving average is $59.85.
Meredith Corporation (NYSE:MDP) last announced its earnings results on Thursday, July 27th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.11. The company had revenue of $445.40 million during the quarter, compared to the consensus estimate of $439.61 million. Meredith Corporation had a net margin of 11.03% and a return on equity of 18.98%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, equities research analysts anticipate that Meredith Corporation will post $3.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.08 annualized dividend and a yield of 3.82%. Meredith Corporation’s payout ratio is currently 50.12%.
Several research analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $57.00 price target on shares of Meredith Corporation in a report on Monday, April 24th. BidaskClub raised shares of Meredith Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Meredith Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. ValuEngine upgraded shares of Meredith Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, Citigroup Inc. upgraded shares of Meredith Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $58.00 to $65.00 in a report on Tuesday, May 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $63.50.
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In other Meredith Corporation news, insider Paul Karpowicz sold 4,291 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $56.12, for a total transaction of $240,810.92. Following the completion of the transaction, the insider now owns 66,473 shares in the company, valued at $3,730,464.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen M. Lacy sold 10,268 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $60.92, for a total transaction of $625,526.56. Following the completion of the transaction, the chief executive officer now owns 9,345 shares of the company’s stock, valued at $569,297.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,659 shares of company stock valued at $4,745,847. 12.40% of the stock is owned by company insiders.
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.
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