Meredith Corp. (MDP) Scheduled to Post Quarterly Earnings on Thursday
Meredith Corp. (NYSE:MDP) is scheduled to be announcing its Q114 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $359.70 million for the quarter. Meredith Corp. has set its Q1 guidance at $0.48-0.53 EPS and its FY13 guidance at $2.60-2.95 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
Meredith Corp. (NYSE:MDP) last announced its earnings results on Thursday, July 25th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.04. The company had revenue of $386.97 million for the quarter, compared to the consensus estimate of $383.05 million. During the same quarter last year, the company posted $0.67 earnings per share. Meredith Corp.’s revenue was up 3.3% compared to the same quarter last year.
Meredith Corp. (NYSE:MDP) opened at 53.31 on Wednesday. Meredith Corp. has a one year low of $29.27 and a one year high of $49.10. The stock’s 50-day moving average is $45.78 and its 200-day moving average is $42.64. The company has a market cap of $2.377 billion and a price-to-earnings ratio of 19.46.
A number of research firms have recently commented on MDP. Analysts at Benchmark Co. raised their price target on shares of Meredith Corp. from $45.00 to $52.00 in a research note to investors on Wednesday, October 16th. They now have a “hold” rating on the stock. On the ratings front, analysts at Ned Davis Research upgraded shares of Meredith Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Meredith Corp. in a research note to investors on Monday, September 30th. They now have a $43.00 price target on the stock, up previously from $42.00. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.67.
Meredith Corporation (NYSE:MDP) is a media and marketing company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.