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Last €47.10 EUR
Change Today +0.265 / 0.57%
Volume 0.0
MEZ On Other Exchanges
Symbol
Exchange
New York
Berlin
OTC US
As of 10:10 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

meredith corp (MEZ) Snapshot

Open
€46.37
Previous Close
€46.83
Day High
€47.10
Day Low
€46.37
52 Week High
03/23/15 - €52.79
52 Week Low
05/7/14 - €31.90
Market Cap
2.1B
Average Volume 10 Days
13.0
EPS TTM
--
Shares Outstanding
37.6M
EX-Date
02/25/15
P/E TM
--
Dividend
€1.79
Dividend Yield
2.97%
Current Stock Chart for MEREDITH CORP (MEZ)

meredith corp (MEZ) 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 14 owned television stations, such as 7 CBS affiliates, 3 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, and 1 independent station, as well as 1 operated television station; and a video creation unit. This segment also includes 12 Websites, 2 mobile-optimized Websites, and 27 applications focused on news, sports, and weather-related information. The National Media segment publishes magazines for women. This segment publishes approximately 21 subscription magazines that include Better Homes and Gardens, Parents, Family Circle, Allrecipes, EveryDay with Rachael Ray, and FamilyFun, as well as approximately 120 special interest publications under approximately 80 titles. Its portfolio also includes Parenting and Babytalk magazines; and approximately 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 involved in brand licensing and other related operations. The company was founded in 1902 and is headquartered in Des Moines, Iowa.

3,500 Employees
Last Reported Date: 08/27/14
Founded in 1902

meredith corp (MEZ) 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 (MEZ) Key Developments

Meredith Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year 2015; Reports Write-Down of Impaired Assets for the Third Quarter of 2015

Meredith Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported total revenues of $398,179,000 compared to $367,414,000 a year ago. Income from operations was $47,106,000 compared to $31,229,000 a year ago. Earnings before income taxes were $41,927,000 compared to $27,821,000 a year ago. Net earnings were $25,256,000 or $0.56 per diluted share compared to $18,486,000 or $0.41 per diluted share a year ago. Total EBITDA was $61,716,000 compared to $54,262,000 a year ago. Adjusted EBITDA was $72,989,000 compared to $64,031,000 a year ago. The primary growth drivers of earnings were newly acquired stations, along with stronger performance from core stations, particularly in Hartford, Atlanta and Kansas City. For the nine months period, the company reported total revenues of $1,168,268,000 compared to $1,077,914,000 a year ago. Income from operations was $168,820,000 compared to $125,938,000 a year ago. Earnings before income taxes were $154,614,000 compared to $117,262,000 a year ago. Net earnings were $94,212,000 or $2.08 per diluted share compared to $73,096,000 or $1.61 per diluted share a year ago. Total EBITDA was $210,507,000 compared to $172,356,000 a year ago. Net cash provided by operating activities was $123,295,000 compared to $91,357,000 a year ago. Additions to property, plant, and equipment were $19,997,000 compared to $16,483,000 a year ago. Adjusted EBITDA was $229,979,000 compared to $183,690,000 a year ago. The company provided earnings guidance for the fourth quarter of 2015 and full year 2015. Fiscal 2015 fourth-quarter expected results to the $2.36 per share before special items generated in the first nine months. Total company revenues are expected to be up high-single digits. Fiscal fourth quarter earnings per share to range from $0.90 to $0.95. The company expects fiscal 2015 full year earnings per share to range from $3.26 to $3.31 before special items, an increase of 16% to 18% over fiscal 2014 results. The company reported write-down of impaired assets of $1,692,000 for the third quarter of 2015 compared to $10,322,000 a year ago.

Meredith Corp. Cuts About 100 Jobs from its Current Workforce of About 4,000 Employees

Meredith Corp. is cutting about 100 jobs from its current workforce of about 4,000 employees due to redundancies caused by newly acquired businesses.

Meredith's Local Media Seeks Acquisitions

Meredith Corporation (NYSE:MDP) expects to continue to grow its Local Media Group both organically and through strategic acquisitions.

 

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Industry Analysis

MEZ

Industry Average

Valuation MEZ Industry Range
Price/Earnings 17.5x
Price/Sales 1.5x
Price/Book 2.5x
Price/Cash Flow 10.4x
TEV/Sales 0.7x
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