Meredith (MDP) Given Daily Media Impact Rating of 0.12

Press coverage about Meredith (NYSE:MDP) has trended somewhat positive this week, according to Accern. 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 public companies on a scale of negative one to one, with scores closest to one being the most favorable. Meredith earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.9130407840028 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently issued reports on MDP. Zacks Investment Research raised Meredith from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Thursday. ValuEngine lowered Meredith from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Citigroup lowered Meredith from a “buy” rating to a “neutral” rating in a research note on Friday, December 1st. Jefferies Group raised Meredith from a “hold” rating to a “buy” rating and raised their price objective for the company from $56.00 to $80.00 in a research note on Tuesday, November 28th. Finally, Benchmark reaffirmed a “buy” rating and issued a $77.00 price objective (up from $67.00) on shares of Meredith in a research note on Monday, November 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Meredith has an average rating of “Buy” and a consensus target price of $74.20.

Meredith (MDP) traded down $0.10 during trading hours on Monday, hitting $67.20. The stock had a trading volume of 203,100 shares, compared to its average volume of 396,789. The company has a market cap of $3,000.00, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.48 and a beta of 1.30. Meredith has a 1-year low of $50.63 and a 1-year high of $72.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 1.04.

Meredith (NYSE:MDP) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. Meredith had a return on equity of 18.24% and a net margin of 11.04%. The business had revenue of $393.00 million during the quarter, compared to analyst estimates of $397.50 million. During the same period last year, the company earned $0.75 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts expect that Meredith will post 3.39 earnings per share for the current year.

In other news, major shareholder Edwin T. Iv Meredith sold 3,600 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $252,360.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frederick B. Henry sold 1,048 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $66.50, for a total value of $69,692.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,024 shares of company stock worth $2,443,024. Company insiders own 4.00% of the company’s stock.

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About Meredith

Meredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company’s Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations.

Insider Buying and Selling by Quarter for Meredith (NYSE:MDP)

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