Last €48.31 EUR
Change Today +0.06 / 0.12%
Volume 0.0
MEZ On Other Exchanges
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As of 10:10 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

meredith corp (MEZ) Snapshot

Open
€48.41
Previous Close
€48.25
Day High
€48.52
Day Low
€48.31
52 Week High
02/23/15 - €48.55
52 Week Low
04/30/14 - €31.40
Market Cap
2.1B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
37.2M
EX-Date
02/25/15
P/E TM
--
Dividend
€1.80
Dividend Yield
2.90%
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 Announces Quarterly Dividend

Meredith Corporation announced that the Board of Directors increased its regular quarterly dividend 6% to $0.4575 per share, or $1.83 on an annual basis. The new quarterly dividend will be payable on March 13, 2015, to shareholders of record on February 27, 2015.

Meredith Corporation and FTD Companies, Inc. Renew Brand Licensing Agreement for Better Homes and Gardens Inspired Floral Arrangements

Meredith Corporation announced that it has agreed to a multi-year renewal of its licensing relationship with FTD Companies, Inc., for the Better Homes and Gardens brand. Meredith and FTD work together on the design of the collection, with the stylists and editors of Better Homes and Gardens providing trend inspiration and consumer insights to the process.

Meredith Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal Year 2015; Revises Earnings Guidance for the Fiscal Year 2015

Meredith Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported total revenues of $398.905 million against $354.048 million a year ago. Income from operations was $68.862 million against $51.901 million a year ago. Earnings before income taxes were $64.077 million against $49.346 million a year ago. Net earnings were $39.591 million against $30.569 million a year ago. Diluted earnings per share were $0.87 against $0.67 a year ago. Excluding special items income from operations was $78.319 million against $53.466 million a year ago. Excluding special items net earnings was $45.407 million or $1.00 per diluted share against $31.531 million or $0.69 per diluted share a year ago. Excluding special items earnings before income taxes was $73.534 million against $50.911 million a year ago. Excluding special items total EBITDA was $91.368 million against $65.056 million a year ago. Total EBITDA was $83.170 million against $63.491 million a year ago. For the six months. the company reported total revenues of $770.089 million against $710.500 million a year ago. Income from operations was $121.714 million against $94.709 million a year ago. Earnings before income taxes were $112.687 million against $89.441 million a year ago. Net earnings were $68.956 million against $54.610 million a year ago. Diluted earnings per share were $1.52 against $1.20 a year ago. Net cash provided by operating activities was $74.369 million against $60.687 million a year ago. Additions to property, plant and equipment were $11.855 was $11.272 million a year ago. Excluding special items income from operations was $78.319 million against $131.171 million a year ago. Excluding special items income from operations was $131.171 million against $96.274 million a year ago. Excluding special items net earnings was $74.772 million or $1.65 per diluted share against $55.572 million or $1.22 per diluted share a year ago. Excluding special items earnings before income taxes was $122.144 million against $91.006 million a year ago. Excluding special items total EBITDA was $156.989 million against $65.056 million a year ago. Total EBITDA was $148.791 million against $118.094 million a year ago. For the third quarter of fiscal year 2015, total company revenues are expected to be up high-single digits. The company expects fiscal 2015 third quarter earnings per share to range from $0.66 to $0.71. The company expects full year fiscal 2015 earnings per share before special charges to range from $3.25 to $3.35, an increase from the previous range established on July 31, 2014. The new and higher range reflects expected accretion of between $0.10 to $0.15 from the addition of the Martha Stewart media properties and the Shape brand to Meredith's National Media Group; and WALA in Mobile-Pensacola to Meredith's Local Media Group.

 

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Industry Analysis

MEZ

Industry Average

Valuation MEZ Industry Range
Price/Earnings 19.0x
Price/Sales 1.6x
Price/Book 2.6x
Price/Cash Flow 11.2x
TEV/Sales 0.7x
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