Gannett - GCI Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gannett in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" GCI shares.
View GCI analyst ratings or view top-rated stocks.

1 equities research analysts have issued 12-month price targets for Gannett's stock. Their GCI share price forecasts range from $2.60 to $2.60. On average, they predict the company's share price to reach $2.60 in the next year. This suggests a possible upside of 30.0% from the stock's current price.
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Gannett's stock was trading at $2.03 at the start of the year. Since then, GCI stock has decreased by 1.5% and is now trading at $2.00.
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Gannett saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 14,010,000 shares, an increase of 5.4% from the January 31st total of 13,290,000 shares. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is currently 12.4 days. Currently, 10.0% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our GCI earnings forecast.

Gannett Co., Inc. (NYSE:GCI) announced its earnings results on Thursday, February, 23rd. The company reported $0.28 earnings per share for the quarter. The business had revenue of $730.66 million for the quarter. Gannett had a positive trailing twelve-month return on equity of 20.02% and a negative net margin of 2.65%.

ETFs with the largest weight of Gannett (NYSE:GCI) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Inspire Small/Mid Cap ETF (ISMD).Invesco S&P SmallCap 600 Equal Weight ETF (EWSC) and

Gannett issued an update on its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.75 billion-$2.80 billion, compared to the consensus revenue estimate of $2.83 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gannett investors own include Washington Prime Group (WPG), CBL & Associates Properties (CBL), EnLink Midstream (ENLC), Golar LNG Partners (GMLP), Pennsylvania Real Estate Investment Trust (PEI), Matinas BioPharma (MTNB), Gran Tierra Energy (GTE), CNBX Pharmaceuticals (CNBX), New Residential Investment (NRZ) and ADMA Biologics (ADMA).

Gannett trades on the New York Stock Exchange (NYSE) under the ticker symbol "GCI."

Gannett's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.39%), Charles Schwab Investment Management Inc. (2.25%), Geode Capital Management LLC (1.77%), Miller Value Partners LLC (1.23%), Shah Capital Management (1.03%) and AQR Capital Management LLC (0.70%). Insiders that own company stock include John Jeffry Louis, Laurence Tarica, Michael Reed and Theodore Peter Janulis.
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Shares of GCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GCI stock can currently be purchased for approximately $2.00.

Gannett (NYSE:GCI) has a market capitalization of $291.54 million and generates $2.95 billion in revenue each year. The company earns $-78,000,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis.

The company employs 11,200 workers across the globe.

Gannett's mailing address is 7950 Jones Branch Drive, McLean VA, 22107. The official website for the company is www.newmediainv.com. The company can be reached via phone at 703-854-6000 or via email at investors@gannett.com.