News headlines about Meredith (NYSE:MDP) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Meredith earned a news impact score of 0.07 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.6792623375858 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

NYSE MDP opened at $51.85 on Wednesday. Meredith has a 12 month low of $47.30 and a 12 month high of $72.25. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.64 and a beta of 1.55. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.63 and a current ratio of 1.66.

Meredith (NYSE:MDP) last released its quarterly earnings results on Friday, August 10th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.93). Meredith had a net margin of 4.42% and a return on equity of 12.17%. The company had revenue of $788.10 million during the quarter, compared to the consensus estimate of $787.26 million. During the same quarter last year, the firm posted $1.07 EPS. The company’s quarterly revenue was up 76.9% on a year-over-year basis. equities research analysts expect that Meredith will post 3.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.20%. Meredith’s dividend payout ratio (DPR) is presently 54.50%.

MDP has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of Meredith in a report on Monday, August 13th. Benchmark reaffirmed a “buy” rating and issued a $70.00 target price on shares of Meredith in a report on Tuesday, June 12th. Citigroup raised Meredith from a “neutral” rating to a “buy” rating in a report on Wednesday, May 30th. TheStreet cut Meredith from a “b” rating to a “c+” rating in a report on Thursday, May 10th. Finally, Zacks Investment Research raised Meredith from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $67.50.

Meredith Company Profile

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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