Meredith Corp. CFO Joseph H. Ceryanec Sells 8,215 Shares (MDP)
Meredith Corp. (NYSE:MDP) CFO Joseph H. Ceryanec unloaded 8,215 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $47.02, for a total transaction of $386,269.30. Following the completion of the transaction, the chief financial officer now directly owns 24,571 shares in the company, valued at approximately $1,155,328. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Meredith Corp. (NYSE:MDP) traded down 0.62% on Monday, hitting $46.71. The stock had a trading volume of 138,326 shares. Meredith Corp. has a one year low of $40.11 and a one year high of $53.84. The stock’s 50-day moving average is $46.8 and its 200-day moving average is $45.77. The company has a market cap of $2.081 billion and a price-to-earnings ratio of 18.80.
Meredith Corp. (NYSE:MDP) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Meredith Corp. will post $3.26 earnings per share for the current fiscal year.
The company also recently declared 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 3.70%. The ex-dividend date is Wednesday, August 27th.
Meredith Corporation (NYSE:MDP) is a media and marketing company.
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