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Meredith Corporation (MDP)

Stock Price: $20.58 USD -0.41 (-1.95%)
Updated November 25, 4:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 937.76M
Revenue (ttm) 2.82B
Net Income (ttm) -420.80M
Shares Out 40.48M
EPS (ttm) -9.21
PE Ratio n/a
Forward PE 6.77
Dividend $2.38
Dividend Yield 11.56%

Stock Quote

Trading Day November 25
Last Price $20.58
Previous Close $20.99
Change ($) -0.41
Change (%) -1.95%
Day's Open 20.83
Day's Range 19.76 - 20.89
Day's Volume 386,410
52-Week Range 10.01 - 37.12

More Stats

Market Cap 937.76M
Enterprise Value 4.22B
Earnings Date (est) Feb 3, 2021
Ex-Dividend Date n/a
Shares Outstanding 40.48M
Float 39.37M
EPS (basic) -9.22
EPS (diluted) -9.21
FCF / Share 7.61
Dividend $2.38
Dividend Yield 11.56%
Earnings Yield n/a
FCF Yield 37.34%
Payout Ratio n/a
Shares Short 5.89M
Short Ratio 8.17
Short % of Float 14.96%
Beta 1.71
PE Ratio n/a
Forward PE 6.77
P/FCF Ratio 2.68
PS Ratio 0.33
PB Ratio 1.96
Revenue 2.82B
Operating Income -58.90M
Net Income -420.80M
Free Cash Flow 350.20M
Net Cash -3.28B
Net Cash / Share -71.99
Gross Margin 64.05%
Operating Margin -2.09%
Profit Margin -14.90%
FCF Margin 12.43%
ROA 3.61%
ROE -18.61%
ROIC -6.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (6)

Buy 2
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$22.25*
(8.11% upside)
Low
13.0
Current: $20.58
High
40.0
Target: 22.25
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2020201920182017201620152014201320122011
Revenue2,8493,1892,2641,7131,6501,5941,4691,4711,3771,400
Revenue Growth-10.66%40.82%32.15%3.86%3.48%8.54%-0.18%6.88%-1.7%-
Gross Profit1,8012,0271,3961,1051,038995902910829846
Operating Income-94.1028786.90308131242187211186225
Net Income-476-32.0066.4018933.90137114124104127
Shares Outstanding45.7045.3044.9044.6044.6044.5244.6444.4644.8345.50
Earnings Per Share-10.41-0.701.474.160.753.022.502.742.312.78
EPS Growth---64.66%454.67%-75.17%20.8%-8.76%18.61%-16.91%-
Dividend Per Share1.752.242.132.031.911.781.681.581.400.98
Dividend Growth-22.1%5.16%4.93%6.56%6.96%5.89%6.79%12.74%42.55%-
Operating Cash Flow307245150219227192178189182215
Capital Expenditures-55.40-46.40-53.20-34.80-25.00-33.25-24.82-25.97-35.72-29.91
Free Cash Flow25119996.70184202159153163146185
Cash & Equivalents13245.0043822.3024.9722.8336.5927.6725.8227.72
Total Debt3,4882,3333,136698694795715350380195
Net Cash / Debt-3,355-2,288-2,698-676-669-772-678-322-354-167
Assets5,5106,1376,7712,7302,6272,8432,5442,1402,0161,713
Liabilities5,1224,6225,1511,7341,7381,8911,6521,2861,219938
Book Value3889751,098996889952892854797775
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Meredith Corporation
Country United States
Employees 5,290
CEO Thomas H. Harty

Stock Information

Ticker Symbol MDP
Stock Exchange New York Stock Exchange
Sector Communication Services
Industry Publishing
Unique Identifier NYSE: MDP

Description

Meredith Corporation operates as a diversified media company primarily in the United States. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. It publishes media in entertainment, food, lifestyle, parenting, and home categories, such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Shape, Southern Living, Martha Stewart Living, and other brands, as well as 300 special interest publications under approximately 70 brands. This segment operates approximately 50 Websites and applications. It is also involved in the brand licensing, affinity marketing, third-party marketing, consumer database, and other related operations, as well as provision of magazine advertising and circulation, digital and customer relationship marketing, other custom publishing project, and ancillary products and services. In addition, this segment operates The Foundry 360, a creative content studio, which develops content marketing programs across various platforms comprising native advertising that enable clients to engage new consumers and build long-term relationships with existing customers for a range of industries. The Local Media segment operates approximately 17 television stations that include 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations. It also includes 12 Websites and 12 applications focused on news, sports, and weather-related information. In addition, this segment sells geographic and demographic-targeted digital and print advertising programs to third parties. The company was founded in 1902 and is headquartered in Des Moines, Iowa.