News articles about Meredith (NYSE:MDP) have trended somewhat negative on Tuesday, AlphaOne Sentiment reports. The research firm, a division of Accern, rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Meredith earned a coverage optimism score of -0.08 on AlphaOne’s scale. AlphaOne also assigned news stories about the company an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have effected AlphaOne’s rankings:

Meredith (NYSE:MDP) traded up 0.96% during midday trading on Tuesday, reaching $63.30. The company’s stock had a trading volume of 532,998 shares. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 29.84 and a beta of 1.13. Meredith has a 1-year low of $43.85 and a 1-year high of $66.25. The company’s 50-day moving average price is $63.37 and its 200-day moving average price is $57.42.

Meredith (NYSE:MDP) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. The firm earned $442.60 million during the quarter, compared to the consensus estimate of $435.22 million. Meredith had a return on equity of 19.39% and a net margin of 5.65%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. On average, analysts predict that Meredith will post $3.87 earnings per share for the current fiscal year.

MDP has been the subject of a number of recent analyst reports. Wells Fargo & Co reissued a “hold” rating on shares of Meredith in a report on Wednesday, January 25th. Zacks Investment Research downgraded Meredith from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Benchmark Co. downgraded Meredith from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Thursday, January 26th. They noted that the move was a valuation call. Finally, Jefferies Group LLC raised their target price on Meredith from $55.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, March 22nd.

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About Meredith

Meredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company’s Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations.

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