Meredith Corporation (MDP) Analysts See $0.91 EPS

January 18, 2018 - By Linda Rogers

 Meredith Corporation (MDP) Analysts See $0.91 EPS
Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.21, from 1.31 in 2017Q2. It is negative, as 25 investors sold Meredith Corporation shares while 62 reduced holdings. 25 funds opened positions while 71 raised stakes. 41.98 million shares or 1.05% less from 42.43 million shares in 2017Q2 were reported.
State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 19,035 shares. Citadel Advsr Limited Liability Co holds 0% or 55,986 shares. 159,793 were accumulated by Nordea Management. The Ontario – Canada-based Royal National Bank & Trust Of Canada has invested 0% in Meredith Corporation (NYSE:MDP). Iowa Bancorporation holds 16,200 shares or 0.42% of its portfolio. Td Asset Management reported 23,704 shares. Bnp Paribas Arbitrage accumulated 22,873 shares. Enterprise Finance Service Corp owns 0% invested in Meredith Corporation (NYSE:MDP) for 20 shares. Prudential Plc has invested 0.11% in Meredith Corporation (NYSE:MDP). Washington-based Parametric Portfolio Assocs Ltd Liability Com has invested 0.01% in Meredith Corporation (NYSE:MDP). Alliancebernstein Lp reported 0% stake. Acadian Asset Management Limited Liability Corporation holds 0.01% in Meredith Corporation (NYSE:MDP) or 21,612 shares. Retirement System Of Alabama invested in 50,935 shares. Barrow Hanley Mewhinney & Strauss Lc holds 0.16% or 1.95M shares. Jefferies Grp owns 14,532 shares or 0.01% of their US portfolio.

Since July 31, 2017, it had 0 insider purchases, and 12 selling transactions for $7.47 million activity. Another trade for 10,816 shares valued at $606,126 was made by LACY STEPHEN M on Wednesday, August 16. MEREDITH EDWIN T IV had sold 3,600 shares worth $252,360 on Friday, December 15. $1.35 million worth of Meredith Corporation (NYSE:MDP) was sold by KARPOWICZ PAUL. FRAZIER MEREDITH D MELL also sold $1.55M worth of Meredith Corporation (NYSE:MDP) shares. On Tuesday, August 8 the insider ZIESER JOHN S sold $110,166.

Analysts expect Meredith Corporation (NYSE:MDP) to report $0.91 EPS on January, 24.They anticipate $0.39 EPS change or 30.00 % from last quarter’s $1.3 EPS. MDP’s profit would be $39.79 million giving it 18.28 P/E if the $0.91 EPS is correct. After having $0.69 EPS previously, Meredith Corporation’s analysts see 31.88 % EPS growth. It closed at $66.55 lastly. It is down 11.82% since January 18, 2017 and is uptrending. It has underperformed by 4.88% the S&P500.

Meredith Corporation (NYSE:MDP) Ratings Coverage

Among 8 analysts covering Meredith Corporation (NYSE:MDP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Meredith Corporation has $6800 highest and $40 lowest target. $55.20’s average target is -17.05% below currents $66.55 stock price. Meredith Corporation had 23 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the shares of MDP in report on Thursday, July 6 with “Hold” rating. The firm has “Equal-Weight” rating by Stephens given on Wednesday, November 18. The rating was upgraded by Jefferies to “Buy” on Tuesday, November 28. The stock has “Hold” rating by Jefferies on Monday, September 11. Benchmark downgraded the shares of MDP in report on Thursday, January 26 to “Hold” rating. The firm earned “Buy” rating on Friday, July 29 by Benchmark. The firm has “Neutral” rating given on Friday, December 1 by Citigroup. Benchmark upgraded Meredith Corporation (NYSE:MDP) on Monday, June 5 to “Buy” rating. The stock of Meredith Corporation (NYSE:MDP) earned “Buy” rating by Citigroup on Tuesday, May 2. The firm has “Market Perform” rating by Wells Fargo given on Friday, October 27.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.91 billion. It operates in two divisions, Local Media and National Media. It has a 16.08 P/E ratio. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations.

More notable recent Meredith Corporation (NYSE:MDP) news were published by: Desmoinesregister.com which released: “Meredith vows Koch brothers will have no influence over content” on December 01, 2017, also Latimes.com with their article: “Could Time become the Koch Brothers’ next big political play?” published on November 16, 2017, Prnewswire.com published: “Meredith Names Julie Zoumbaris Vice President & General Manager Of WNEM TV5 In …” on January 16, 2018. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Desmoinesregister.com and their article: “Meredith launches new Hungry Girl magazine” published on January 09, 2018 as well as Nypost.com‘s news article titled: “Meredith Corp. loses top execs amid cuts” with publication date: February 04, 2017.

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