News stories about Meredith (NYSE:MDP) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Meredith earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.9564380031048 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Sinclair Selling Off Stations To Land Tribune (finance.yahoo.com)
- TIME Hosts TIME 100 Gala, Celebrating Its Annual List Of The 100 Most Influential People In The World (finance.yahoo.com)
- Fox named as buyer for 7 Sinclair stations (finance.yahoo.com)
- Meredith Corporation: Meredith Adds To Local Media Group With Acquisition Of KPLR-TV St. Louis (twst.com)
- Sinclair Enters Into Agreements To Sell TV Stations Related To Closing Tribune Media Acquisition (finance.yahoo.com)
Several research firms have recently weighed in on MDP. Zacks Investment Research cut Meredith from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. ValuEngine cut Meredith from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Benchmark reissued a “buy” rating on shares of Meredith in a research report on Tuesday, January 30th. Finally, Gabelli raised Meredith from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $73.00.
Meredith (NYSE:MDP) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.89 by $0.25. Meredith had a return on equity of 16.72% and a net margin of 16.41%. The firm had revenue of $417.70 million during the quarter, compared to analysts’ expectations of $414.97 million. During the same period in the prior year, the firm posted $1.30 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. equities research analysts anticipate that Meredith will post 4.65 EPS for the current year.
In related news, Director Donald C. Berg purchased 3,500 shares of Meredith stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $57.50 per share, with a total value of $201,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.00% of the company’s stock.
Meredith Corporation operates as a diversified media company in the United States. It operates in two segments, Local Media and National Media. 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.
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