Meredith (NYSE:MDP) is set to announce its earnings results after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.82 per share for the quarter.
Meredith (NYSE:MDP) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.25. Meredith had a net margin of 16.41% and a return on equity of 16.72%. The company had revenue of $417.70 million for the quarter, compared to analyst estimates of $414.97 million. During the same period in the prior year, the company posted $1.30 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts expect Meredith to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Meredith stock opened at $52.00 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.10 and a current ratio of 1.15. Meredith has a 1-year low of $50.63 and a 1-year high of $72.25. The stock has a market capitalization of $2,337.35, a P/E ratio of 13.00, a PEG ratio of 1.40 and a beta of 1.41.
In related news, Director Donald C. Berg bought 3,500 shares of the company’s stock in a transaction on Monday, February 5th. The shares were acquired at an average cost of $57.50 per share, for a total transaction of $201,250.00. The purchase was disclosed in a filing with the SEC, which is available through this link. 4.00% of the stock is owned by corporate insiders.
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Meredith Company Profile
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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