Gannett (GCI) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gannett in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" GCI shares.
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1 brokerages have issued twelve-month target prices for Gannett's shares. Their GCI share price forecasts range from $1.70 to $1.70. On average, they predict the company's share price to reach $1.70 in the next year. This suggests that the stock has a possible downside of 17.3%.
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Gannett's stock was trading at $2.03 at the beginning of 2023. Since then, GCI shares have increased by 1.2% and is now trading at $2.0550.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Gannett Co., Inc. (NYSE:GCI) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $668.92 million for the quarter. Gannett had a negative net margin of 2.26% and a positive trailing twelve-month return on equity of 23.21%.

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) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).Vanguard Communication Services ETF (VOX),

Gannett issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (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 $2.77 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 BlackRock Inc. (15.59%), Alta Fundamental Advisers LLC (5.25%), State Street Corp (4.23%), Dimensional Fund Advisors LP (2.58%), Charles Schwab Investment Management Inc. (2.42%) and Geode Capital Management LLC (1.81%). 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 $2.06.

Gannett (NYSE:GCI) has a market capitalization of $306.22 million and generates $2.95 billion in revenue each year. The company earns $-78,000,000.00 in net income (profit) each year or ($0.54) 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.