Analysts See $0.91 EPS for Meredith Corporation (MDP)

January 18, 2018 - By Hazel Jackson

 Analysts See $0.91 EPS for Meredith Corporation (MDP)
Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.21, from 1.31 in 2017Q2. It turned 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.
Wealthtrust reported 54 shares. California State Teachers Retirement System has invested 0.01% of its portfolio in Meredith Corporation (NYSE:MDP). 72,463 are held by Fort Lp. Orrstown Svcs invested 0% of its portfolio in Meredith Corporation (NYSE:MDP). State Of Alaska Department Of Revenue holds 0.01% of its portfolio in Meredith Corporation (NYSE:MDP) for 3,050 shares. Ahl Prtnrs Llp owns 23,494 shares. Stevens Capital Lp reported 26,811 shares. 70,522 are held by New York State Teachers Retirement System. Brandywine Glob Investment Limited Liability Co has invested 0.05% in Meredith Corporation (NYSE:MDP). Channing Management Limited Liability Com stated it has 1.67% in Meredith Corporation (NYSE:MDP). National Bank Of Mellon has 1.45M shares for 0.02% of their portfolio. Ameriprise owns 167,705 shares. Nationwide Fund owns 96,940 shares. 98,452 are held by State Common Retirement Fund. Swiss Comml Bank holds 0% of its portfolio in Meredith Corporation (NYSE:MDP) for 66,100 shares.

Since July 31, 2017, it had 0 insider buys, and 12 selling transactions for $7.47 million activity. Harty Thomas H sold $598,975 worth of stock. 10,816 Meredith Corporation (NYSE:MDP) shares with value of $606,126 were sold by LACY STEPHEN M. The insider ZIESER JOHN S sold 1,924 shares worth $110,166. $252,360 worth of stock was sold by MEREDITH EDWIN T IV on Friday, December 15. Another trade for 22,176 shares valued at $1.55M was made 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 $39.79 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. The rating was maintained by Jefferies on Thursday, July 6 with “Hold”. Wells Fargo maintained Meredith Corporation (NYSE:MDP) on Friday, October 27 with “Market Perform” rating. The company was upgraded on Tuesday, May 2 by Citigroup. The firm has “Hold” rating by Zacks given on Monday, September 21. The stock of Meredith Corporation (NYSE:MDP) has “Hold” rating given on Thursday, March 23 by Benchmark. The company was upgraded on Wednesday, December 16 by Gabelli. The firm earned “Equal-Weight” rating on Wednesday, November 18 by Stephens. Jefferies initiated the stock with “Hold” rating in Tuesday, July 21 report. Jefferies maintained Meredith Corporation (NYSE:MDP) on Monday, October 16 with “Hold” rating. The rating was maintained by Benchmark on Friday, July 28 with “Buy”.

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 Nypost.com with their article: “Meredith Corp. loses top execs amid cuts” published on February 04, 2017, Desmoinesregister.com published: “Meredith: Time Inc. editorial staff ‘absolutely’ safe in acquisition” on December 05, 2017. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Latimes.com and their article: “Could Time become the Koch Brothers’ next big political play?” published on November 16, 2017 as well as Prnewswire.com‘s news article titled: “Meredith Names Julie Zoumbaris Vice President & General Manager Of WNEM TV5 In …” with publication date: January 16, 2018.

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