EPS for Meredith Corporation (MDP) Expected At $0.91

December 23, 2017 - By Darrin Black

 EPS for Meredith Corporation (MDP) Expected At $0.91
Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.21, from 1.31 in 2017Q2. It is 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.
370,498 were reported by Schwab Charles Inv Mgmt Incorporated. California State Teachers Retirement System holds 0.01% or 63,394 shares in its portfolio. Grantham Mayo Van Otterloo & Lc reported 0.01% stake. Advantus Management holds 0.01% or 4,991 shares in its portfolio. Renaissance Tech Limited Liability Corporation reported 311,501 shares. Moreover, Janney Montgomery Scott Lc has 0% invested in Meredith Corporation (NYSE:MDP). Blair William & Il reported 0% of its portfolio in Meredith Corporation (NYSE:MDP). Susquehanna International Gp Ltd Liability Partnership has 0% invested in Meredith Corporation (NYSE:MDP). Putnam Ltd Liability owns 17,800 shares. 90,116 were accumulated by Millennium Management Lc. Wealthtrust reported 54 shares. Cambridge Investment Research Advsr Inc reported 0.01% of its portfolio in Meredith Corporation (NYSE:MDP). Brandywine Global Investment Limited Liability Corp holds 0.05% or 152,405 shares in its portfolio. Parametrica Ltd reported 0.1% in Meredith Corporation (NYSE:MDP). Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% of its portfolio in Meredith Corporation (NYSE:MDP).

Since July 31, 2017, it had 0 buys, and 12 selling transactions for $7.47 million activity. 22,450 shares valued at $1.35M were sold by KARPOWICZ PAUL on Monday, July 31. ZIESER JOHN S also sold $110,166 worth of Meredith Corporation (NYSE:MDP) shares. Another trade for 10,363 shares valued at $598,975 was made by Harty Thomas H on Friday, August 4. On Friday, December 15 the insider FRAZIER MEREDITH D MELL sold $1.55 million. The insider MEREDITH EDWIN T IV sold $252,360.

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 $39.49M giving it 18.76 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 $68.3 lastly. It is down 11.82% since December 23, 2016 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 had 23 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $60.0 target in Monday, September 11 report. Benchmark maintained the shares of MDP in report on Friday, July 28 with “Buy” rating. Gabelli upgraded the shares of MDP in report on Wednesday, December 16 to “Hold” rating. The rating was maintained by Jefferies on Thursday, July 6 with “Hold”. Jefferies initiated the stock with “Hold” rating in Tuesday, July 21 report. Jefferies maintained it with “Hold” rating and $6000 target in Thursday, June 1 report. Benchmark downgraded Meredith Corporation (NYSE:MDP) on Thursday, January 26 to “Hold” rating. As per Tuesday, November 28, the company rating was upgraded by Jefferies. Zacks upgraded Meredith Corporation (NYSE:MDP) on Monday, September 21 to “Hold” rating. The firm has “Hold” rating given on Thursday, March 23 by Benchmark.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.96 billion. It operates in two divisions, Local Media and National Media. It has a 16.5 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: Seekingalpha.com which released: “Time Inc. sells Sunset to private-equity firm” on November 30, 2017, also Benzinga.com with their article: “Meredith Corp: What To Do With The Stock After The Time Acquisition” published on November 28, 2017, Prnewswire.com published: “Lori Brock Promoted To VP Of Finance For Meredith Local Media Group” on December 20, 2017. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Seekingalpha.com and their article: “Meredith Corporation (MDP) Meredith Corporation to Acquire Time Inc. (Transcript)” published on December 02, 2017 as well as Desmoinesregister.com‘s news article titled: “Meredith: Time Inc. editorial staff ‘absolutely’ safe in acquisition” with publication date: December 05, 2017.

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