Gannett Company Profile (NYSE:GCI)

Analyst Ratings

Consensus Ratings for Gannett (NYSE:GCI) (?)
Ratings Breakdown: 2 Hold Rating(s), 3 Buy Rating(s)
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $18.00 (41.29% upside)

Analysts' Ratings History for Gannett (NYSE:GCI)
Show:
DateFirmActionRatingPrice TargetActions
7/28/2016Jefferies GroupLower Price TargetHold$15.00 -> $14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/29/2016Noble FinancialReiterated RatingBuy$23.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/5/2015ArgusUpgradeHold -> Buy$20.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/2/2015JPMorgan Chase & Co.Boost Price TargetNeutral$14.00 -> $16.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/7/2015Cantor FitzgeraldInitiated CoverageBuy$17.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/29/2014 forward)

Earnings

Earnings History for Gannett (NYSE:GCI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/27/2016        
7/27/2016Q216$0.31$0.30$794.77 million$748.80 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/27/2016Q116$0.14$0.29$672.07 million$659.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/17/2016Q415$0.54$0.53$756.95 million$739.30 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015Q315$0.37$0.43$726.60 million$701.20 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/29/2015Q215$0.51$0.46$753.00 million$727.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Gannett (NYSE:GCI)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.17$0.20$0.19
Q2 20161$0.33$0.33$0.33
Q3 20161$0.35$0.35$0.35
Q4 20161$0.55$0.55$0.55
Q1 20171$0.30$0.30$0.30
Q2 20171$0.38$0.38$0.38
Q3 20171$0.35$0.35$0.35
Q4 20171$0.56$0.56$0.56
Q1 20181$0.30$0.30$0.30
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Gannett (NYSE:GCI)
Annual Dividend:$0.64
Dividend Yield:5.02%
Payout Ratio:52.46% (Based on Trailing 12 Months of Earnings)
43.24% (Based on Current Year Consensus EPS Estimate)
40.00% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:-19.10% (3 Year Average)

Dividend History for Gannett (NYSE:GCI)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
7/19/2016quarterly$0.164.53%9/1/20169/6/20169/19/2016Tweet This Announcement  Share This Announcement on StockTwits
5/10/2016quarterly$0.164.07%6/2/20166/6/20166/20/2016Tweet This Announcement  Share This Announcement on StockTwits
2/23/2016quarterly$0.164.39%3/9/20163/11/20164/1/2016Tweet This Announcement  Share This Announcement on StockTwits
10/28/2015quarterly$0.164.07%12/2/201512/4/20151/4/2016Tweet This Announcement  Share This Announcement on StockTwits
7/28/2015quarterly$0.169/2/20159/4/201510/1/2015Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Gannett (NYSE:GCI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
11/24/2015Robert J. DickeyCEOSell18,556$17.46$323,987.76View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/6/2015David A. PayneinsiderSell7,325$16.95$124,158.75View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/4/2015John M. ZidichinsiderSell3,223$16.12$51,954.76View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Gannett (NYSE:GCI)
DateHeadline
07/28/16 02:15 PMNY Times (NYT) Misses on Q2 Earnings, Ad Revenues Decline -
07/28/16 08:49 AMGannett (GCI) Q2 Earnings in Line, Revenues Lag; Stock Falls -
07/27/16 04:23 PMGannett Reports Second Quarter 2016 Results of Operations
07/27/16 04:23 PMGannett shares fall 2.5% after reporting Q2 earnings below expectations
07/27/16 04:23 PMGannett Co. Announces 33% Fall In Q2 Earnings
07/27/16 04:23 PMGannett's (GCI) CEO Bob Dickey on Q2 2016 Results - Earnings Call Transcript
07/27/16 04:23 PMGannett Co. posts 2Q profit
07/27/16 02:43 PMEdited Transcript of GCI earnings conference call or presentation 27-Jul-16 2:00pm GMT -
07/27/16 10:38 AM[$$] Gannett Revenue Climbs but Misses Views -
07/27/16 08:48 AMGannett's Q2 Results Fail To Cheer investors - Gannett Co. Inc. (NYSE: GCI) reported its second quarter results that failed to cheer investors as both its adjusted earnings and revenue came in below the expectations. The results come on the heels of its completion of the acquisition of North Jersey Media Group and Journal Media Group apart from the intended acquisition of ReachLocal (NASDAQ: RLOC). The company reported adjusted net income of $36.14 million or $0.30 a share, down from $53.95 million or $0.47 a share in the previous year ...Full story available on Benzinga.com
07/27/16 08:38 AMGannett (GCI) Stock Retreating on Q2 Miss -
07/21/16 03:55 PMNucleus Marketing Solutions Selects Rubicon Project To Power Largest Premium News Publisher Alliance In The U.S. - [PR Newswire] - NEW YORK, July 21, 2016 /PRNewswire/ -- Nucleus Marketing Solutions, an affiliation of elite news media brands reaching more than 185 million unique users each month, today announced it has joined forces with Rubicon Project (RUBI), which operates one of the largest advertising marketplaces in the world, to power the launch of the premier news publisher alliance in the United States. Nucleus's portfolio now reflects a reach of over 185 million unique users monthly and offers advertisers the ability to target and engage audiences at scale with integrated, media-rich advertising solutions in one simple buy. Nucleus selected Rubicon Project to power the consortium's inventory through its leading Orders platform enabling the discovery, negotiating, planning and buying of reserved local news inventory across the alliance's group of publishers.
07/19/16 04:06 PMGannett declares regular quarterly dividend - [Business Wire] - Gannett Co., Inc. announced today that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share of common stock, payable on September 19, 2016 to shareholders of record at the close of business on September 6, 2016.
07/14/16 03:18 PMGannett Domestic Publishing names Dan Norselli president of Rochester Democrat and Chronicle and D&C Digital - [at noodls] - MCLEAN, Va.--(BUSINESS WIRE)--The Domestic Publishing division of Gannett Co., Inc. (NYSE: GCI) today named Dan Norselli, formerly vice president of sales at the Rochester (N.Y.) Democrat and Chronicle ...
07/13/16 04:31 PMGannett : Domestic Publishing announces top Detroit, Lansing appointments
07/13/16 11:58 AMGannett Domestic Publishing announces top Detroit, Lansing appointments - [at noodls] - MCLEAN, Va.--(BUSINESS WIRE)--The Domestic Publishing division of Gannett Co., Inc. (NYSE: GCI) named Brian Priester, formerly president of Gannett Mid-Michigan and president of the Lansing (Mich.) State ...
07/09/16 10:39 AMWhy Gannett Fell 12% in June -
07/08/16 04:08 PMGannett Enters Oversold Territory
07/08/16 04:08 PMGannett Co. Inc.: Gannett to Webcast Discussion of its Second Quarter 2016 Results
07/08/16 06:30 AMStill Targeting Tribune, Gannett Scoops Up New Jersey Newspapers -
07/07/16 08:24 PMBenzinga's M&A Chatter for Thursday July 7, 2016 - The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 7, 2016: Danone to Acquire WhiteWave Foods for $56.25/Share in Cash The Deal:Danone (OTC: DANOY) and The WhiteWave Foods Company (NYSE: WWAV) announced Thursday, that they have entered into a definitive merger agreement under which Danone will acquire WhiteWave for $56.25 per share in cash, for a total enterprise value of approximately $12.5 billion, The transaction is expected to close by the end of the year. WhiteWave closed at $56.23 on Thursday, up 18.55%. Gannett Announces Acquisition of North Jersey Media Group The Deal:Gannett Co., Inc. (NYSE: GCI) announced Thursday, it has acquired certain assets of the North Jersey Media ...Full story available on Benzinga.com
07/06/16 04:17 PMGannett (GCI) Acquires Assets of North Jersey Media Group
07/06/16 04:17 PMGannett Acquires North Jersey Media Group
07/06/16 02:43 PMGannett purchases The Record newspaper, parent company -
07/06/16 12:43 PMGannett Buys North Jersey Media Group For Undisclosed Terms - Gannett Co., Inc. (NYSE: GCI) revealed that it acquired some assets of the North Jersey Media Group Inc. This included The Record (Bergen County), the Herald News, and their affiliated digital properties. The terms of the acquisition weren't disclosed. According to Gannett, the acquisition also included the Community News Group, the Magazine Group, and the Events Group. The company expects the acquisition to add about $90 million in revenues on an annualized basis and would approach about corporate-average margins before the end of the first ...Full story available on Benzinga.com
07/05/16 11:13 AMNucleus Marketing Solutions' Top 30 Network Takes Shape - [PR Newswire] - NEW YORK, July 5, 2016 /PRNewswire/ -- Nucleus Marketing Solutions, founded by four leading media organizations — Gannett Co., Inc., Hearst, McClatchy and tronc, Inc. — announced today the addition of ...
07/01/16 11:01 PM[$$] Tech M&A Is Rising. Will Yelp, Shopify Be Next? -
06/30/16 09:39 PMGannett to Become ‘Cornell Health,’ Expand to Campus Road
06/30/16 09:39 PMAs Gannett Acquires ReachLocal, Some Lessons From Its U.K. Exit
06/30/16 09:39 PMA Bad Luau, Good Lobster And Leadership Lessons From Maine
06/30/16 09:39 PMGannett's little digital deal has a takeaway for Tronc
06/29/16 01:41 PMChris Stegman named President of the Milwaukee Journal Sentinel - [at noodls] - MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) announced today announced that Chris Stegman, currently Gannett West Group vice president of sales, has been named president of the Milwaukee ...
06/28/16 09:09 PMVote for LD Athlete of the Week (June 20-26)
06/28/16 09:09 PMGannett Moves to Acquire ReachLocal
06/28/16 09:09 PMGannett Buys Digital Marketing Company ReachLocal
06/28/16 09:09 PMGannett boosts its digital marketing reach with $156 million acquisition
06/28/16 01:52 PMGannett Using Acquisitions To Drive New Strategy - According to the note from Jefferies published Tuesday, the acquisition of ReachLocal by Gannett Co Inc (NYSE: GCI) for $156 million increases the company's digital presence and provides a way for it to shift away from former parent Tegna Inc (NYSE: TGNA) "While the deal is expected to close in 3Q, RLOC will remain standalone until the expiration of GCI's agreement w/ TGNA (mid-2017). GCI's ongoing M&A should continue to drive the narrative; ...Full story available on Benzinga.com
06/28/16 12:46 PMReachlocal (RLOC) Stock Skyrockets on Gannett’s (GCI) Acquisition Plans - InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips Reachlocal shares are soaring as the company will reportedly be acquired by Gannett for $4.60 a share, a 188% premium over the stock's closing price Monday. The post Reachlocal (RLOC) Stock Skyrockets on Gannett’s (GCI) Acquisition Plans appeared first on InvestorPlace.
06/28/16 12:38 PMOne company's plan to dominate the dying newspaper industry -
06/28/16 11:35 AMGannett snags ReachLocal for $156 million -
06/28/16 10:57 AMGannett to Acquire Digital Marketing Solutions Company ReachLocal - Gannett announced its plans to acquire California-based ReachLocal as part of its efforts to accelerate its digital growth strategy. The acquisition will add more than $320 million of annual digital revenue, the best digital marketing solutions technology ...
06/28/16 10:22 AMWhy ReachLocal (RLOC) Stock is Skyrocketing More Than 170% Today -
06/28/16 08:59 AMStreet Fight Daily: Gannett Buys ReachLocal, Facebook Debuts Staff-Curated Event Recommendations
06/28/16 08:59 AMGannett (GCI) Enters Agreement to Acquire ReachLocal (RLOC) for $4.60/Share in Cash
06/28/16 08:59 AMGannett Co to acquire digital marketing solutions company Reachlocal Inc
06/28/16 08:59 AMReachLocal (RLOC) to be Spanned Up by USA Today Owner Gannett (GCI) for Hefty Premium
06/28/16 07:30 AMPhytoPain Pharma Reports Successful Pre-CTA Consultation With Health Canada for Its Phase I Trial With Cannabis - [Marketwired] - PhytoPain Pharma Inc. , a subsidiary of GrowPros Cannabis Ventures Inc. , is pleased to announce a successful pre-CTA consultation with the Therapeutic Products Directorate of Health Canada regarding its ...
06/28/16 02:36 AMGannett buys online marketing firm ReachLocal - Gannett, which owns USA TODAY and more than 100 other media properties in the U.S., said Monday that it had reached an agreement to acquire online local marketing firm ReachLocal for about $156 million. The deal values Woodland Hills, Calif.-based ...
06/27/16 05:19 PMGannett to acquire ReachLocal for $156M -
06/27/16 04:03 PM4-Star TE Erik Krommenhoek Announces USC Commitment

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About Gannett

Gannett logoGannett Co., Inc. is an international, multi-platform news and information company. The Company is a local content provider in the United States, operating in over 30 states and Guam. Its operations comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom. Its daily publications in the United States include USA TODAY. Together with over 20 daily paid-for publications, its Newsquest division operates in the United Kingdom. Its operations also include commercial printing, marketing and data services operations. In the markets it serves, it also operates desktop, smartphone and tablet products. USA TODAY has a total daily circulation of approximately four million and Sunday circulation of over 3.9 million, which includes daily print, digital replica, digital non-replica and branded editions.

Industry, Sector and Symbol:
  • Sector: Consumer Staples
  • Industry: Publishing - Newspapers
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: GCI
  • CUSIP:
Key Metrics:
  • Previous Close: $12.74
  • 50 Day Moving Average: $14.23
  • 200 Day Moving Average: $15.07
  • P/E Ratio: 10.45
  • P/E Growth: 0.00
  • Market Cap: $1.48B
  • Current Year EPS Consensus Estimate: $1.48 EPS
  • Next Year EPS Consensus Estimate: $1.60 EPS
Additional Links:
Gannett (NYSE:GCI) Chart for Friday, July, 29, 2016