News articles about Meredith (NYSE:MDP) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Meredith earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.7817101433343 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- BRIEF-Meredith Corp Says Resale Of Up To 2.5 Mln Shares Of Common Stock Of Co By Selling Stockholders (reuters.com)
- Letting Cameron Meredith walk for free proves the Bears still don’t get it (msn.com)
- [$$] Speak No Evil by Uzodinma Iweala — nobody knows my name (finance.yahoo.com)
- Report: Bears won’t match Saints’ offer to Meredith (upi.com)
- Meredith joins Saints after Bears decline to match offer (washingtonpost.com)
Several brokerages have recently weighed in on MDP. Zacks Investment Research downgraded Meredith from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Benchmark reiterated a “buy” rating on shares of Meredith in a report on Tuesday, January 30th. Gabelli upgraded Meredith from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, ValuEngine downgraded Meredith from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Meredith currently has a consensus rating of “Hold” and a consensus target price of $73.00.
NYSE MDP opened at $52.25 on Monday. Meredith has a one year low of $50.63 and a one year high of $72.25. The stock has a market capitalization of $2,370.90, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.41. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.55.
Meredith (NYSE:MDP) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.89 by $0.25. Meredith had a return on equity of 16.72% and a net margin of 16.41%. The company had revenue of $417.70 million during the quarter, compared to the consensus estimate of $414.97 million. During the same period last year, the company earned $1.30 EPS. Meredith’s revenue for the quarter was down 5.6% on a year-over-year basis. sell-side analysts expect that Meredith will post 4.65 EPS for the current year.
In other Meredith news, Director Donald C. Berg acquired 3,500 shares of Meredith stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $57.50 per share, for a total transaction of $201,250.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 4.00% of the stock is currently owned by company insiders.
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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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