News articles about Meredith (NYSE:MDP) have trended somewhat negative recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Meredith earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4054992800992 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 media stories that may have effected Accern Sentiment’s analysis:
NYSE:MDP opened at $51.45 on Friday. The stock has a market capitalization of $2,339.59, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.41 and a beta of 1.41. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55. Meredith has a twelve month low of $50.63 and a twelve month high of $72.25.
Meredith (NYSE:MDP) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.25. The business had revenue of $417.70 million for the quarter, compared to analyst estimates of $414.97 million. Meredith had a return on equity of 16.72% and a net margin of 16.41%. Meredith’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. equities analysts predict that Meredith will post 4.65 EPS for the current fiscal year.
A number of brokerages recently commented on MDP. Zacks Investment Research cut Meredith from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Benchmark restated a “buy” rating on shares of Meredith in a research report on Tuesday, January 30th. Gabelli upgraded Meredith from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, ValuEngine cut Meredith from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.00.
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 shares were acquired at an average cost of $57.50 per share, with a total value of $201,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.00% of the company’s stock.
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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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