News headlines about Meredith (NYSE:MDP) have trended extremely positive on Saturday, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meredith earned a media sentiment score of 4.50 on their scale. InfoTrie also assigned media headlines about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Meredith’s analysis:
- Fortune Magazine Sold to Private Investor for $150 Million (thestreet.com)
- Meredith to sell Fortune magazine to Thai businessman for $150 million (reuters.com)
- Meredith to sell Fortune for $150 million (marketwatch.com)
- Meredith Agrees To Sell Fortune Media Brand For $150 Mln (nasdaq.com)
- Meredith to sell Fortune magazine for $150 million (feeds.marketwatch.com)
NYSE MDP opened at $57.28 on Friday. The company has a market cap of $2.57 billion, a P/E ratio of 22.55 and a beta of 1.26. Meredith has a one year low of $47.30 and a one year high of $72.25. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.63 and a current ratio of 1.66.
Meredith (NYSE:MDP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.93. The business had revenue of $756.70 million for the quarter, compared to analyst estimates of $751.33 million. Meredith had a return on equity of 13.49% and a net margin of 4.43%. Meredith’s revenue for the quarter was up 92.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. Analysts forecast that Meredith will post 3.05 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on MDP shares. ValuEngine raised Meredith from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Citigroup increased their target price on Meredith from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. Jefferies Financial Group reissued a “buy” rating and issued a $57.00 target price on shares of Meredith in a report on Monday, August 13th. Finally, Zacks Investment Research raised Meredith from a “strong sell” rating to a “hold” rating in a report on Friday, October 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $66.20.
Meredith Corporation operates as a diversified media company in the United States, Europe, and Asia. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services.
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