Meredith Corporation (NYSE:MDP) finished Wednesday with a subtraction of -$0.08 to close at $58.22, a downside of -0.14 percent. An average of 3,194,040 shares of common stock have been traded in the last five days. There was a gain of $3.67 in the past week. The last 20 days have seen an average of 1,367,310 shares traded, while the 50-day average volume stands at 659,946.
MDP stock has increased by 39.78% in the last month. The company shares reached their 1-month lowest point of $40.53 on 09/14/21. With the stock rallying to its 52-week high on 09/24/21, shares of the company touched a low of $10.75 and a high of $58.83 in 52 weeks. In spite of this, the price is down -1.04% from the 52-week high.
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Meredith Corporation (MDP) has a trailing price-to-earnings (P/E) ratio of 9.29, which compares with the 19.30 for the broader industry and 30.41 for the sector. In the last five years, Meredith Corporation’s PE ratio has ranged between 95.84 and 6.440. The stock’s beta is 2.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.79, the price-to-book (PB) ratio at 4.13, and the price-to-cash flow ratio at 6.51.
The company’s most recent quarterly dividend payment was $0.5950 a share, representing a up of 3.36 from $0.5750 last year.
The quick ratio of Meredith Corporation for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.20 and a total debt to equity ratio of 4.21 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 65.60% against a 5-year average of 63.7%. Meredith Corporation’s EBITDA margin for the year ending June 29 is 24.32%, while its operating margin for the same period stands at 18.90%. Its gross profit as reported stood at $1.95 billion compared to revenue of $2.98 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Meredith Corporation’s return on assets was 5.20%, compared to 1.0% over the last five years. In the past year, the return on investment has been 14.00%, and the 5-year average is 4.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been 48.40% and the 5-year average holds at 1.9%. For the broader industry, ROE averaged 4.77 over the past year.
The analyst consensus anticipated Meredith Corporation’s latest quarter earnings to come in at $0.48 per share, but it turned out to be $1.11, a 131.30% surprise. For the quarter, EBITDA amounted to $110.4 million. Shareholders own equity worth $45.78 million.
From a technical analysis perspective, let’s take a brief look at Meredith Corporation (MDP) price momentum. RSI 9-day as of the close on 13 October was 80.97%, suggesting the stock is Overbought, with historical volatility in this time frame at 34.76%.
As of today, MDP’s price is $58.21 +6.73% or $3.67 from its 5-day moving average. MDP is currently trading +38.03% higher than its 20-day SMA and +64.93% higher than its 100-day SMA. However, the stock’s current price level is +33.29% above the SMA50 and +191.83% above the SMA200.
The stochastic %K and %D were 93.59% and 95.33%, respectively, and the average true range (ATR) was 1.45. With the 14-day stochastic at 88.16% and the average true range at 1.59, the RSI (14) stands at 78.07%. The stock has reached 1.47 on the 9-day MACD Oscillator while the 14-day reading was at 1.79.
The Benchmark Company upgraded Meredith Corporation (NYSE: MDP) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Meredith Corporation (MDP) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MDP, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MDP’s price target for the next 12 months?
Analysts predict a range of price targets between $42.00 and $59.00, with a median target of $59.00. Taking a look at these predictions, the average price target given by analysts for Meredith Corporation (MDP) stock is $55.40.