Meredith Corporation (MDP) Analysts See $0.51 EPS

April 19, 2018 - By Ellis Scott

Meredith Corporation (NYSE:MDP) LogoInvestors sentiment increased to 1.37 in Q4 2017. Its up 0.27, from 1.1 in 2017Q3. It is positive, as 23 investors sold Meredith Corporation shares while 64 reduced holdings. 51 funds opened positions while 68 raised stakes. 40.46 million shares or 3.63% less from 41.98 million shares in 2017Q3 were reported.
Fort Limited Partnership has invested 0.96% in Meredith Corporation (NYSE:MDP). Tower Rech Capital Limited (Trc) invested 0.02% of its portfolio in Meredith Corporation (NYSE:MDP). Brown Advisory reported 14,500 shares. Us Financial Bank De invested in 13,119 shares. Vident Invest Advisory Limited Company holds 5,252 shares or 0.02% of its portfolio. Metropolitan Life Insurance has invested 0.02% in Meredith Corporation (NYSE:MDP). 45,328 were reported by Prudential Fin. 6,031 were accumulated by Profund Advisors Limited Liability Company. Quantbot Limited Partnership owns 688 shares. Omers Administration invested in 19,200 shares. Thrivent For Lutherans reported 0% in Meredith Corporation (NYSE:MDP). Landscape Cap Management Limited has 0.02% invested in Meredith Corporation (NYSE:MDP). Cwm holds 0% of its portfolio in Meredith Corporation (NYSE:MDP) for 14 shares. State Treasurer State Of Michigan holds 14,200 shares. Moreover, Renaissance Limited Liability Corp has 0.03% invested in Meredith Corporation (NYSE:MDP) for 382,900 shares.

Since December 15, 2017, it had 1 insider buy, and 2 selling transactions for $1.60 million activity. $201,250 worth of Meredith Corporation (NYSE:MDP) shares were bought by BERG DONALD C. Shares for $1.55M were sold by FRAZIER MEREDITH D MELL.

Analysts expect Meredith Corporation (NYSE:MDP) to report $0.51 EPS on April, 26.They anticipate $0.36 EPS change or 41.38 % from last quarter’s $0.87 EPS. MDP’s profit would be $22.97 million giving it 25.69 P/E if the $0.51 EPS is correct. After having $1.14 EPS previously, Meredith Corporation’s analysts see -55.26 % EPS growth. The stock increased 0.19% or $0.1 during the last trading session, reaching $52.4. About 145,736 shares traded. Meredith Corporation (NYSE:MDP) has declined 14.74% since April 19, 2017 and is downtrending. It has underperformed by 26.29% the S&P500.

Meredith Corporation (NYSE:MDP) Ratings Coverage

Among 5 analysts covering Meredith (NYSE:MDP), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Meredith had 6 analyst reports since October 27, 2017 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $72.0 target in Wednesday, January 31 report. Wells Fargo maintained Meredith Corporation (NYSE:MDP) rating on Friday, October 27. Wells Fargo has “Market Perform” rating and $54 target. The stock of Meredith Corporation (NYSE:MDP) earned “Neutral” rating by Citigroup on Friday, December 1. The rating was upgraded by Gabelli on Wednesday, January 31 to “Buy”. The stock has “Buy” rating by Jefferies on Tuesday, November 28.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.36 billion. It operates in two divisions, Local Media and National Media. It has a 8.64 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.

Meredith Corporation (NYSE:MDP) Institutional Positions Chart

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