Last $48.55 USD
Change Today -0.03 / -0.06%
Volume 77.3K
MDP On Other Exchanges
Symbol
Exchange
New York
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OTC US
As of 11:22 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

meredith corp (MDP) Snapshot

Open
$48.85
Previous Close
$48.58
Day High
$49.05
Day Low
$48.47
52 Week High
11/29/13 - $53.56
52 Week Low
01/29/14 - $40.11
Market Cap
2.2B
Average Volume 10 Days
341.2K
EPS TTM
$3.01
Shares Outstanding
37.2M
EX-Date
08/27/14
P/E TM
16.1x
Dividend
$1.73
Dividend Yield
3.51%
Current Stock Chart for MEREDITH CORP (MDP)

meredith corp (MDP) Details

Meredith Corporation operates as a diversified media company that focuses primarily on the home and family marketplace in the United States. It operates in two segments, Local Media and National Media. The Local Media segment consists of 14 owned television stations, such as 7 CBS affiliates, 3 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, and 1 independent station, as well as 1 operated television station; and a video creation unit. This segment also includes 12 Websites, 2 mobile-optimized Websites, and 27 applications focused on news, sports, and weather-related information. The National Media segment publishes magazines for women. This segment publishes approximately 21 subscription magazines that include Better Homes and Gardens, Parents, Family Circle, Allrecipes, EveryDay with Rachael Ray, and FamilyFun, as well as approximately 120 special interest publications under approximately 80 titles. Its portfolio also includes Parenting and Babytalk magazines; and approximately 30 mobile-optimized Websites and 20 applications. In addition, this segment provides digital and customer relationship marketing services, such as specialized marketing products and services to America's companies; and a consumer database, as well as involved in brand licensing and other related operations. The company was founded in 1902 and is headquartered in Des Moines, Iowa.

3,500 Employees
Last Reported Date: 08/27/14
Founded in 1902

meredith corp (MDP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $975.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $560.0K
President of National Media Group
Total Annual Compensation: $725.0K
President of Local Media Group
Total Annual Compensation: $705.0K
Chief Development Officer, General Counsel an...
Total Annual Compensation: $645.0K
Compensation as of Fiscal Year 2014.

meredith corp (MDP) Key Developments

Meredith Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for Second Quarter of Fiscal 2015 and Full Year Fiscal 2015

Meredith Corporation announced unaudited consolidated earnings results for the first quarter of 2014. For the period, the company reported EPS increased 23% to $0.65, compared to $0.53 in the prior-year period. Revenues increased 4% to $371 million against 356.452 million a year ago, including 10% growth in advertising revenues. Income from operations was $52.852 million against $42.808 million a year ago. Earnings before income taxes were $48.610 million against $40.095 million a year ago. Net earnings were $29.365 million $0.65 per diluted share against $24.041 million a year ago. Total EBITDA was $65.621 million against $54.603 million a year ago. Net cash provided by operating activities was $11.146 million against net cash used in operating activities of $6.428 million a year ago. Additions to property, plant, and equipment were $1.936 million against $3.786 million a year ago. The company provides earnings guidance for second quarter of fiscal 2015 and full year fiscal 2015. For the quarter, the company expects earnings per share to range from $0.95 to $1.00, compared to $0.67 in the prior-year period. The company continues to expect full year fiscal 2015 earnings per share to range from $3.00 to $3.25 and revenue to rise in the 'low teens. Total Local Media Group revenues are expected to be up 45 to 50%. This includes expected political advertising revenues of between $22 million and $25 million.

Meredith Mulls Acquisitions

Meredith Corporation (NYSE:MDP) is seeking acquisitions. Meredith Corporation entered into an agreement to acquire the rights to Martha Stewart Living. "We are constantly looking for strategic acquisitions, partnerships and investment opportunities like these to expand our reach and create additional shareholder value," said Meredith Chief Development Officer John Zieser.

Meredith Corporation to Report Q1, 2015 Results on Oct 23, 2014

Meredith Corporation announced that they will report Q1, 2015 results at 11:00 AM, Eastern Daylight on Oct 23, 2014

 

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Industry Analysis

MDP

Industry Average

Valuation MDP Industry Range
Price/Earnings 19.4x
Price/Sales 1.5x
Price/Book 2.4x
Price/Cash Flow 11.1x
TEV/Sales 0.7x
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