Somewhat Positive News Coverage Somewhat Unlikely to Affect Gannett Co. (GCI) Stock Price
Media stories about Gannett Co. (NYSE:GCI) have trended somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gannett Co. earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.2450112017119 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Brokerages Anticipate Gannett Co., Inc. (GCI) Will Announce Quarterly Sales of $782.60 Million (americanbankingnews.com)
- Gannett Co., Inc. (GCI) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS (americanbankingnews.com)
- Pearson, PLC (PSO) vs. Gannett Co. (NYSE:GCI) Critical Review (americanbankingnews.com)
- Comparing Time (TIME) and Gannett Co. (NYSE:GCI) (americanbankingnews.com)
- Gannett’s (GCI) CEO Fred Davidson on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
Gannett Co. (NYSE:GCI) traded down 1.56% during mid-day trading on Monday, reaching $8.82. 204,698 shares of the company’s stock were exchanged. Gannett Co. has a 52-week low of $7.30 and a 52-week high of $12.49. The stock has a 50-day moving average price of $8.77 and a 200 day moving average price of $8.55. The company has a market cap of $1.00 billion, a PE ratio of 96.92 and a beta of 0.58.
Gannett Co. (NYSE:GCI) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.01. The business had revenue of $774.50 million for the quarter, compared to the consensus estimate of $783.06 million. Gannett Co. had a positive return on equity of 11.30% and a negative net margin of 0.07%. Gannett Co.’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. Equities analysts predict that Gannett Co. will post $1.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 7.14%. Gannett Co.’s dividend payout ratio is currently -3,200.00%.
Several brokerages recently weighed in on GCI. Zacks Investment Research downgraded shares of Gannett Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Noble Financial reissued a “buy” rating on shares of Gannett Co. in a research note on Sunday, May 14th. TheStreet raised shares of Gannett Co. from a “d” rating to a “c-” rating in a research note on Friday, June 23rd. ValuEngine cut shares of Gannett Co. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of Gannett Co. from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.
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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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