Meredith (MDP) to Release Quarterly Earnings on Wednesday

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.

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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.

A number of analysts recently weighed in on MDP shares. Zacks Investment Research raised shares of Meredith from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Thursday, January 4th. Gabelli raised shares of Meredith from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Benchmark reissued a “buy” rating on shares of Meredith in a research report on Tuesday, January 30th. Finally, ValuEngine lowered shares of Meredith from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $73.00.

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.

Earnings History for Meredith (NYSE:MDP)

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