Meredith Corp. Director Unloads $161,400 in Stock (MDP)
Meredith Corp. (NYSE:MDP) Director Philip A. Marineau sold 3,492 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $46.22, for a total value of $161,400.24. Following the transaction, the director now directly owns 2,616 shares in the company, valued at approximately $120,912. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Meredith Corp. (NYSE:MDP) traded up 0.19% during mid-day trading on Thursday, hitting $47.76. The stock had a trading volume of 76,932 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 $46.76 and its 200-day moving average is $45.96. The company has a market cap of $2.124 billion and a P/E ratio of 19.07.
Meredith Corp. (NYSE:MDP) last issued its quarterly earnings data 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. Analysts expect that Meredith Corp. will post $3.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, August 27th.
Meredith Corporation (NYSE:MDP) is a media and marketing company.
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