News articles about Meredith (NYSE:MDP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Meredith earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6554882375742 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s rankings:
- Homeowners Prioritize Household Usability Over Extravagance Regardless Of Income According To Exclusive Survey By Better Homes & Gardens And Traditional Home (finance.yahoo.com)
- Meredith Corporation Launches “Hungry Girl” Magazine In Collaboration With Lisa Lillien (finance.yahoo.com)
- Meredith Names Lyle Banks Vice President & General Manager of WGCL & WPCH Television Stations in Atlanta (finance.yahoo.com)
- $416.90 Million in Sales Expected for Meredith Co. (MDP) This Quarter (americanbankingnews.com)
- Meredith to sell $1.4B in debt to finance Time buyout (seekingalpha.com)
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Meredith from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Citigroup lowered Meredith from a “buy” rating to a “neutral” rating in a research note on Friday, December 1st. Jefferies Group raised Meredith from a “hold” rating to a “buy” rating and increased their price target for the stock from $56.00 to $80.00 in a research note on Tuesday, November 28th. ValuEngine raised Meredith from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Finally, Benchmark reissued a “buy” rating and set a $77.00 price target (up previously from $67.00) on shares of Meredith in a research note on Monday, November 27th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Meredith has a consensus rating of “Hold” and a consensus price target of $74.20.
Meredith (NYSE:MDP) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $393.00 million during the quarter, compared to the consensus estimate of $397.50 million. Meredith had a return on equity of 18.24% and a net margin of 11.04%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. research analysts predict that Meredith will post 3.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.18%. Meredith’s payout ratio is 50.24%.
In other news, major shareholder Edwin T. Iv Meredith sold 3,600 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.10, for a total transaction of $252,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Meredith D. Mell Frazier sold 22,176 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $69.85, for a total value of $1,548,993.60. Following the sale, the director now owns 6,000 shares of the company’s stock, valued at $419,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,024 shares of company stock valued at $2,443,024. Insiders own 4.00% of the company’s stock.
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Meredith Company Profile
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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