Gannett Co (GCI) Getting Somewhat Negative Press Coverage, Study Shows
Media stories about Gannett Co (NYSE:GCI) have been trending somewhat negative recently, according to Alpha One. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gannett Co earned a coverage optimism score of -0.02 on Alpha One’s scale. Alpha One also assigned media coverage about the company an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s rankings:
- Storm Lake Times Pulitzer Win Highlights Decline of Family Newspapers (wsj.com)
- Gannett Co Inc (GCI) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Gannett to Webcast Discussion of its First Quarter 2017 Results (finance.yahoo.com)
- Early Warning Signs of a Dividend Cut (dividend-growth-stocks.com)
- Is Gannett Co Inc’s (GCI) Balance Sheet A Threat To Its Future? (simplywall.st)
Separately, Zacks Investment Research upgraded Gannett Co from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 3rd.
Shares of Gannett Co (NYSE:GCI) traded up 0.61% on Tuesday, hitting $8.23. The stock had a trading volume of 483,631 shares. The stock has a 50 day moving average price of $8.20 and a 200-day moving average price of $9.29. Gannett Co has a 12-month low of $7.30 and a 12-month high of $17.72. The company has a market cap of $934.80 million, a price-to-earnings ratio of 18.70 and a beta of 0.73.
Gannett Co (NYSE:GCI) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.08. Gannett Co had a return on equity of 12.56% and a net margin of 1.44%. The business earned $867 million during the quarter, compared to analysts’ expectations of $847.33 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts expect that Gannett Co will post $0.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 8th. This represents a $0.64 annualized dividend and a yield of 7.78%. Gannett Co’s payout ratio is 177.78%.
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About Gannett Co
Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.
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