Home » Stocks » Meredith Corporation

Meredith Corporation (MDP)

Stock Price: $15.77 USD -0.91 (-5.46%)
Updated Aug 12, 2020 2:30 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 715.79M
Revenue (ttm) 3.02B
Net Income (ttm) -331.50M
Shares Out 40.30M
EPS (ttm) -7.30
PE Ratio n/a
Forward PE 2.69
Dividend $2.38
Dividend Yield 15.09%

Stock Quote

Trading Day Aug 12, 2020
Last Price $15.77
Previous Close $16.68
Change ($) -0.91
Change (%) -5.46%
Day's Open 16.94
Day's Range 15.68 - 17.29
Day's Volume 319,565
52-Week Range 10.01 - 49.00

More Stats

Market Cap 715.79M
Enterprise Value 3.46B
Earnings Date (est) Aug 13, 2020
Ex-Dividend Date n/a
Shares Outstanding 40.30M
Float 35.69M
EPS (basic) -7.28
EPS (diluted) -7.30
FCF / Share 4.65
Dividend $2.38
Dividend Yield 15.09%
Earnings Yield n/a
FCF Yield 29.67%
Payout Ratio n/a
Shares Short 9.95M
Short Ratio 13.91
Short % of Float 40.41%
Beta 1.68
PE Ratio n/a
Forward PE 2.69
P/FCF Ratio 3.37
PS Ratio 0.24
PB Ratio 1.23
Revenue 3.02B
Operating Income -90.70M
Net Income -331.50M
Free Cash Flow 212.40M
Net Cash -2.75B
Net Cash / Share -60.50
Gross Margin 67.06%
Operating Margin -3.00%
Profit Margin -10.90%
FCF Margin 7.03%
ROA 4.14%
ROE -16.09%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 2
Overweight 0
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$14.88*
(-5.64% downside)
Low
11.0
Current: $15.77
High
18.0
Target: 14.88
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue3,1892,2641,7131,6501,5941,4691,4711,3771,4001,383
Revenue Growth40.82%32.15%3.86%3.48%8.54%-0.18%6.88%-1.7%1.28%-
Gross Profit2,0271,3961,1051,038995902910829846811
Operating Income28786.90308131242187211186225185
Net Income-32.0066.4018933.90137114124104127104
Shares Outstanding45.3044.9044.6044.6044.5244.6444.4644.8345.5045.29
Earnings Per Share-0.701.474.160.753.022.502.742.312.782.28
EPS Growth--64.66%454.67%-75.17%20.8%-8.76%18.61%-16.91%21.93%-
Dividend Per Share2.242.132.031.911.781.681.581.400.980.92
Dividend Growth5.16%4.93%6.56%6.96%5.89%6.79%12.74%42.55%7.1%-
Operating Cash Flow245150219227192178189182215192
Capital Expenditures-46.40-53.20-34.80-25.00-33.25-24.82-25.97-35.72-29.91-24.72
Free Cash Flow19996.70184202159153163146185167
Cash & Equivalents45.0043822.3024.9722.8336.5927.6725.8227.7248.57
Total Debt2,3333,136698694795715350380195300
Net Cash / Debt-2,288-2,698-676-669-772-678-322-354-167-251
Assets6,1376,7712,7302,6272,8432,5442,1402,0161,7131,727
Liabilities4,6225,1511,7341,7381,8911,6521,2861,2199381,039
Book Value9751,098996889952892854797775688
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Meredith Corporation
Country United States
Employees 5,560
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 in the United States, Europe, and Asia. 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 80 brands. This segment operates approximately 60 Websites and applications. It is also involved in the 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, 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, 12 mobile-optimized Websites, and approximately 30 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.