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Last $52.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

meredith corp-class b (MDPEB) Snapshot

Open
--
Previous Close
$52.00
Day High
--
Day Low
--
52 Week High
05/26/15 - $55.50
52 Week Low
10/3/14 - $42.02
Market Cap
2.1B
Average Volume 10 Days
0.0
EPS TTM
$3.32
Shares Outstanding
7.0M
EX-Date
08/27/15
P/E TM
--
Dividend
$1.83
Dividend Yield
3.47%
Current Stock Chart for MEREDITH CORP-CLASS B (MDPEB)

meredith corp-class b (MDPEB) 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 16 owned television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 1 independent station, as well as 1 operated television station. This segment also includes 13 Websites, 13 mobile-optimized Websites, and 38 applications focused on news, sports, and weather-related information. The National Media segment publishes magazines for women. This segment publishes approximately 20 subscription magazines that include Better Homes and Gardens, Parents, Family Circle, Allrecipes, EveryDay with Rachael Ray, Martha Stewart Living, Shape, and FamilyFun, as well as approximately 130 special interest publications under approximately 80 titles. Its portfolio also includes Parenting and Babytalk magazines; and approximately 50 Websites, 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 is involved in brand licensing and other related operations. The company was founded in 1902 and is headquartered in Des Moines, Iowa.

3,700 Employees
Last Reported Date: 08/26/15
Founded in 1902

meredith corp-class b (MDPEB) 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-class b (MDPEB) Key Developments

Meredith Corporation Declares Quarterly Dividend, Payable on September 15, 2015

Meredith Corporation board of directors declared a regular quarterly dividend of $0.4575 per share, or $1.83 on an annual basis. The dividend will be payable on September 15, 2015, to shareholders of record on August 31, 2015.

Meredith Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2016

Meredith Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2015. For the quarter, the company reported total revenues of $425.91 million compared to $390.79 million a year ago. Income from operations was $73.29 million compared to $60.58 million a year ago. Income before income taxes was $68.15 million compared to $57.08 million a year ago. Net earnings were $42.58 million or $0.94 per diluted share compared to net earnings of $40.45 million or $0.89 per diluted share a year ago. EBITDA was $89.41 million compared to $74.09 million a year ago. For the full year, the company reported total revenues of $1,594.18 million compared to $1,468.71 million a year ago. Income from operations was $242.11 million compared to $186.52 million a year ago. Income before income taxes was $222.76 million compared to $174.34 million a year ago. Net earnings were $136.79 million or $3.02 per diluted share compared to net earnings of $113.54 million or $2.50 per diluted share a year ago. Net cash provided by operating activities was $192.35 million compared to $178.09 million a year ago. Additions to property, plant, and equipment was $33.25 million compared to $24.82 million a year ago. Adjusted EBITDA was $319.39 million compared to $263.87 million a year ago. The company provided earnings guidance for the full year 2016. The company expects full year fiscal 2016 earnings per share to range from $2.90 to $3.25. The company will be cycling against a record $44 million or $0.59 per share in net political advertising revenues recorded by its Local Media Group in fiscal 2015. Total company revenues are expected to be up low-single digits. The company expects fiscal 2016 first quarter earnings per share to range from $0.47 to $0.52, compared to $0.65 in the prior year period. The company will be cycling against $13 million or $0.18 per share in net political advertising revenues recorded in the prior-year period.

Meredith Corporation Seeks Acquisitions

Meredith Corporation (NYSE:MDP) is seeking acquisitions. Meredith Corporation is seeking accretive acquisitions to grow its already strong cash flow, over time.

 

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MDPEB Competitors

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Industry Analysis

MDPEB

Industry Average

Valuation MDPEB Industry Range
Price/Earnings 15.2x
Price/Sales 1.3x
Price/Book 2.1x
Price/Cash Flow 8.9x
TEV/Sales 0.6x
 | 

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