$0.91 EPS Expected for Meredith Corporation (MDP)

January 11, 2018 - By Stephen Andrade

 $0.91 EPS Expected for Meredith Corporation (MDP)
Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.21, from 1.31 in 2017Q2. It fall, 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.
Orrstown Financial Svcs Inc reported 0% of its portfolio in Meredith Corporation (NYSE:MDP). Tennessee-based Weaver C Barksdale Assoc Incorporated has invested 1.4% in Meredith Corporation (NYSE:MDP). Parametric Assocs Limited Co reported 87,310 shares stake. Alps Advisors holds 0.01% of its portfolio in Meredith Corporation (NYSE:MDP) for 15,860 shares. Fruth Inv Mgmt reported 8,500 shares or 0.22% of all its holdings. Panagora Asset Mgmt holds 0% or 1,435 shares. Chicago Equity Ptnrs Limited Liability Company reported 65,770 shares. 7.62M are owned by Blackrock Inc. 49,142 were accumulated by Legal And General Gp Public Limited Com. Trust Of Vermont has invested 0% in Meredith Corporation (NYSE:MDP). Mason Street Ltd Liability Co owns 0.03% invested in Meredith Corporation (NYSE:MDP) for 19,593 shares. Citadel Advsrs Limited Liability Corp stated it has 55,986 shares. Cambridge Invest Research Advsr invested in 0.01% or 10,211 shares. Moreover, Css Il has 0.02% invested in Meredith Corporation (NYSE:MDP) for 8,188 shares. Quantitative Systematic Strategies Limited Co holds 0.08% or 5,579 shares in its portfolio.

Since July 31, 2017, it had 0 insider buys, and 12 insider sales for $7.47 million activity. 3,539 shares valued at $198,201 were sold by ZIESER JOHN S on Wednesday, August 16. On Friday, August 4 the insider Harty Thomas H sold $598,975. 22,450 shares were sold by KARPOWICZ PAUL, worth $1.35M. The insider MEREDITH EDWIN T IV sold 3,600 shares worth $252,360. $1.55 million worth of Meredith Corporation (NYSE:MDP) was sold by FRAZIER MEREDITH D MELL on Friday, December 15.

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 $39.80 million giving it 18.41 P/E if the $0.91 EPS is correct. After having $0.69 EPS previously, Meredith Corporation’s analysts see 31.88 % EPS growth. The stock increased 2.37% or $1.55 during the last trading session, reaching $67. About 141,488 shares traded. Meredith Corporation (NYSE:MDP) has risen 11.82% since January 11, 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 -17.61% below currents $67 stock price. Meredith Corporation had 23 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, November 18 by Stephens. The firm has “Market Perform” rating by Wells Fargo given on Friday, October 27. The firm has “Hold” rating given on Wednesday, December 16 by Gabelli. Jefferies upgraded Meredith Corporation (NYSE:MDP) on Tuesday, November 28 to “Buy” rating. Benchmark maintained it with “Buy” rating and $62 target in Friday, July 29 report. On Monday, June 5 the stock rating was upgraded by Benchmark to “Buy”. Jefferies initiated Meredith Corporation (NYSE:MDP) on Tuesday, July 21 with “Hold” rating. The stock of Meredith Corporation (NYSE:MDP) has “Hold” rating given on Thursday, January 26 by Benchmark. On Monday, September 11 the stock rating was maintained by Jefferies with “Hold”. The stock of Meredith Corporation (NYSE:MDP) has “Hold” rating given on Thursday, June 1 by Jefferies.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.93 billion. It operates in two divisions, Local Media and National Media. It has a 16.19 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: Prnewswire.com which released: “Meredith Corporation Extends Tender Offer To Acquire Time Inc.” on January 11, 2018, also Prnewswire.com with their article: “Patrick McCreery Promoted to Executive Vice President of Operations for …” published on January 03, 2018, Desmoinesregister.com published: “Meredith launches new Hungry Girl magazine” on January 09, 2018. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Moodys.com and their article: “Moody’s assigns B1 CFR to Meredith Corp., outlook is stable.” published on January 04, 2018 as well as Prnewswire.com‘s news article titled: “Meredith Names Lyle Banks Vice President & General Manager of WGCL & WPCH …” with publication date: January 09, 2018.

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