MDP Stock Report - Meredith Corp.

Meredith Corporation (MDP) is a media company that owns and operates television stations, magazines, and websites. The company's brands include People, Better Homes & Gardens, Allrecipes, Parents, and Shape, among others. Meredith is headquartered in Des Moines, Iowa and has operations across the United States.

Meredith had a trailing twelve-month revenue of approximately $2.9 billion USD and a net income of approximately $39.3 million USD. MDP's stock price had a 52-week range of $10.52 - $29.00 USD and was trading at approximately $23.61 USD at the time of my cutoff date.

Meredith's business is primarily dependent on advertising revenues, and as a result, the company is subject to risks associated with changes in advertising spending patterns. Additionally, the company's publishing segment is facing challenges due to the shift towards digital media and declining print advertising revenues. Meredith is taking steps to address these challenges by investing in digital capabilities and diversifying its revenue streams.

MDP has a debt-to-equity ratio of 2.76 and a current ratio of 1.33, indicating that the company may have some difficulty meeting its short-term obligations if it faces financial challenges. Meredith does not currently pay a dividend. Investors should carefully consider these risks before making any investment decisions.

Stock Sector: Media: Publishing Periodicals