Meredith Corp. (MDP) Releases Q1 Earnings Guidance
Meredith Corp. (NYSE:MDP) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.60-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.63, Analyst RN reports.
Meredith Corp. (NYSE:MDP) traded down 0.21% during mid-day trading on Wednesday, hitting $46.59. 73,251 shares of the company’s stock traded hands. Meredith Corp. has a 52 week low of $40.11 and a 52 week high of $53.84. The stock’s 50-day moving average is $47.10 and its 200-day moving average is $45.74. The company has a market cap of $2.076 billion and a P/E ratio of 18.68.
Meredith Corp. (NYSE:MDP) last announced its earnings results on Thursday, July 31st. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.04. The company had revenue of $390.80 million for the quarter, compared to the consensus estimate of $396.70 million. During the same quarter last year, the company posted $0.75 earnings per share. Meredith Corp.’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Meredith Corp. will post $3.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, August 27th.
Meredith Corporation (NYSE:MDP) is a media and marketing company.
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