Share on StockTwits

Meredith Corp. (NYSE:MDP) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Analyst Ratings Net reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $47.60.

In other Meredith Corp. news, Director Philip A. Marineau sold 3,492 shares of the stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $44.96, for a total value of $157,000.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on MDP shares. Analysts at Zacks reiterated a “neutral” rating on shares of Meredith Corp. in a research note on Wednesday, May 21st. They now have a $46.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Meredith Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, April 17th. They now have a $48.00 price target on the stock.

Meredith Corp. (NYSE:MDP) opened at 44.26 on Friday. Meredith Corp. has a 52-week low of $40.11 and a 52-week high of $53.84. The stock has a 50-day moving average of $44.80 and a 200-day moving average of $46.6. The company has a market cap of $1.973 billion and a price-to-earnings ratio of 18.84.

Meredith Corp. (NYSE:MDP) last released its earnings data on Thursday, April 24th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.26. The company had revenue of $367.00 million for the quarter, compared to the consensus estimate of $370.33 million. During the same quarter last year, the company posted $0.72 earnings per share. Meredith Corp.’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Meredith Corp. will post $2.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.432 per share. This represents a $1.73 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Wednesday, May 28th.

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.