NYSE:GCI

Gannett - GCI Stock Forecast, Price & News

$1.62

-0.23 (-12.43%)

(As of 09/29/2022 12:00 AM ET)

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Today's Range: $1.61
▼
$1.79
50-Day Range: $1.62
▼
$3.21
52-Week Range: $1.61
▼
$6.97

Volume: 988,849 shs
Average Volume: 1.46 million shs
Market Capitalization: $237.48 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.70

Gannett MarketRank™ Forecast

Analyst Rating: Reduce
1.00 Rating Score
Upside/Downside: 4.9% Upside
$1.70 Price Target
Short Interest: Healthy
9.79% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.89
Upright™ Environmental Score
News Sentiment: 0.25
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$1.22 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.51 out of 5 stars

Business Services Sector

319th out of 338 stocks

Newspapers Industry

6th out of 6 stocks

0.5

Analyst's Opinion

Consensus Rating
Gannett has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $1.70, Gannett has a forecasted upside of 4.9% from its current price of $1.62.
Amount of Analyst Coverage
Gannett has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
9.79% of the float of Gannett has been sold short.
Short Interest Ratio / Days to Cover
Gannett has a short interest ratio ("days to cover") of 9.9.
Change versus previous month
Short interest in Gannett has recently decreased by 5.87%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Gannett does not currently pay a dividend.
Dividend Growth
Gannett does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Gannett has received a 45.18% net impact score from Upright. Gannett seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Online tabloid magazines", "Online news magazines", and "Printed tabloid magazines" products. See details.
Environmental Sustainability
The Environmental Impact score for Gannett is -0.89.

2.4

News and Social Media Coverage

News Sentiment
Gannett has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Gannett this week, compared to 3 articles on an average week.
MarketBeat Follows
3 people have added Gannett to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gannett insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,220,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.60% of the stock of Gannett is held by insiders.
Percentage Held by Institutions
66.16% of the stock of Gannett is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Gannett is -3.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gannett is -3.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Gannett has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Gannett (NYSE:GCI) Stock

Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through two segments, Publishing and Digital Marketing Solutions. The company's principal products include 230 daily print media with total paid circulation of approximately 1.9 million and Sunday circulation of 2.2 million; 249 weekly print media with total circulation of approximately 1.4 million; and 292 locally-focused websites. Its principal products also comprise 123 daily and weekly news media brands and approximately 80 magazines, and related digital platforms; sports network, as well as Reviewed.com, an affiliate marketing service; and USA TODAY NETWORK, a community events platform. The company also offers digital marketing solutions, such as online presence solutions, online advertising products, conversion software, and cloud-based software solutions. In addition, it produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, the company offers local market news and information, as well as advertising and subscriptions, and commercial printing and distribution services; and prints commercial materials, including flyers, business cards, and invitations. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019. Gannett Co., Inc. was incorporated in 2013 and is headquartered in McLean, Virginia.

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GCI Stock News Headlines

September 28, 2022 | seekingalpha.com

Gannett: New Cost Reduction Program And Undervalued (NYSE:GCI) - Seeking Alpha

September 27, 2022 | bizjournals.com

Gannett shutters real estate publication Boston Homes after 25 years - Boston Business Journal - The Business Journals

September 23, 2022 | washingtonpost.com

Opinion | Local media is seeing more investment. But not in enough places. - The Washington Post

September 22, 2022 | americanbankingnews.com

Gannett Co., Inc. (NYSE:GCI) Short Interest Down 8.2% in August

September 19, 2022 | nasdaq.com

Noteworthy Monday Option Activity: ABNB, MKL, GCI

September 18, 2022 | thestreet.com

Gannett (GCI) Stock Coverage Initiated at JPMorgan

September 15, 2022 | benzinga.com

Gannett Co (NYSE:GCI) – Celebrating 40 Years of USA TODAY's Groundbreaking Journalism - Benzinga

September 15, 2022 | finance.yahoo.com

Celebrating 40 Years of USA TODAY’s Groundbreaking Journalism

September 12, 2022 | finance.yahoo.com

LocaliQ Reveals New Logo and ‘Seize Your Potential’ Campaign

August 30, 2022 | bizjournals.com

Courier Journal journalists are unionizing — here's why

August 28, 2022 | washingtonpost.com

They were some of the last journalists at their papers. Then came the layoffs. - The Washington Post

August 26, 2022 | businesswire.com

Gannett to Present at Citi's Global Technology Conference - Business Wire

August 26, 2022 | finance.yahoo.com

Gannett to Present at Citi’s Global Technology Conference

August 16, 2022 | msn.com

Gannett's Return On Capital Employed Insights

August 16, 2022 | benzinga.com

Gannett's Return On Capital Employed Insights - Benzinga

August 12, 2022 | finance.yahoo.com

Gannett Stock Dropped on Weak Earnings. Then the CEO Bought $1.2 Million Worth.

August 9, 2022 | marketwatch.com

Gannett Shares Rise 8% Following Share Purchase by Chairman - MarketWatch

August 7, 2022 | bizjournals.com

Gannett blames inflation, labor shortage for predicted 2022 loss

August 6, 2022 | usatoday.com

Nursing home jobs are open across the U.S. Help USA TODAY learn more - USA TODAY

August 5, 2022 | in.investing.com

Gannett Misses Q2 EPS by 46c; Offers FY22 Revenue Guidance By Investing.com - Investing.com India

August 5, 2022 | marketwatch.com

USA Today parent Gannett swings to a loss and revenue falls as inflation and labor shortages weigh - MarketWatch

August 4, 2022 | investing.com

Gannett Misses Q2 EPS by 46c; Offers FY22 Revenue Guidance By Investing.com - Investing.com

August 4, 2022 | seekingalpha.com

Gannett GAAP EPS of -$0.39 misses by $0.43, revenue of $748.66M misses by $39.44M (NYSE:GCI) - Seeking Alpha

August 4, 2022 | usatoday.com

Gannett reports 'challenging' Q2 earnings, plans cost reductions - USA TODAY

August 4, 2022 | finance.yahoo.com

Gannett Announces Second Quarter 2022 Results & Updated Full Year Outlook

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30 days | 90 days | 365 days | Advanced Chart

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GCI Company Calendar

Last Earnings: 8/04/2022
Today: 9/29/2022
Next Earnings (Estimated): 11/04/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Newspapers
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:GCI
CUSIP: N/A
CIK: 1635718
Web: www.newmediainv.com
Phone: 703-854-6000
Fax: N/A
Employees: 13,800
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.70
High Stock Price Forecast: $1.70
Low Stock Price Forecast: $1.70
Forecasted Upside/Downside: +4.9%
Consensus Rating: Reduce
Rating Score (0-4): 1.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.49)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-134,960,000.00
Net Margins: -2.06%
Pretax Margin: -0.34%
Return on Equity: 9.15%
Return on Assets: 1.68%

Debt

Debt-to-Equity Ratio: 2.53
Current Ratio: 0.81
Quick Ratio: 0.75

Sales & Book Value

Annual Sales: $3.21 billion
Price / Sales: 0.07
Cash Flow: $2.08 per share
Price / Cash Flow: 0.78
Book Value: $3.71 per share
Price / Book: 0.44

Miscellaneous

Outstanding Shares: 146,591,000
Free Float: 142,780,000
Market Cap: $237.48 million
Optionable: Optionable
Beta: 2.35

Key Executives

Mr. Michael E. Reed (Age 56)
Chairman, CEO & Pres
Comp: $1.67M

Mr. Douglas Edward Horne (Age 51)
CFO & Chief Accounting Officer
Comp: $1.17M

Mr. Vincent Cirel
Chief Technology Officer

Trisha Gosser
Sr. VP - Fin. & Investor Relations

Ms. Polly Grunfeld Sack Esq. (Age 62)
Chief Legal/Gen. Counsel

Ms. Lark-Marie Anton
Chief Communications Officer

Mr. Jay Fogarty (Age 55)
Sr. VP of Corp. Devel.

Ms. Samantha Howland
Chief People Officer

Mr. Kristopher Barton (Age 46)
Pres of Digital Marketing Solutions

Mr. Nate Rackiewicz
Chief Data Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GCI Stock - Frequently Asked Questions

Should I buy or sell Gannett stock right now?: 1 Wall Street 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 analysts is that investors should "sell" GCI shares.
View GCI analyst ratings or view top-rated stocks.
What is Gannett's stock price forecast for 2022?: 1 equities research analysts have issued 12 month price targets 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 a possible upside of 4.9% from the stock's current price.
View analysts price targets for GCI or view top-rated stocks among Wall Street analysts.
How have GCI shares performed in 2022?: Gannett's stock was trading at $5.33 at the start of the year. Since then, GCI shares have decreased by 69.6% and is now trading at $1.62.
View the best growth stocks for 2022 here.
Are investors shorting Gannett?: Gannett saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 13,460,000 shares, a decline of 5.9% from the August 31st total of 14,300,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 9.9 days. Approximately 9.8% of the company's shares are sold short.
View Gannett's Short Interest.
When is Gannett's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our GCI earnings forecast.
How were Gannett's earnings last quarter?: Gannett Co., Inc. (NYSE:GCI) posted its earnings results on Thursday, August, 4th. The company reported ($0.20) EPS for the quarter. The firm earned $748.66 million during the quarter. Gannett had a positive trailing twelve-month return on equity of 9.15% and a negative net margin of 2.06%.

What guidance has Gannett issued on next quarter's earnings?: Gannett updated its FY 2022 earnings guidance on Thursday, August, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.95 billion-$3.00 billion, compared to the consensus revenue estimate of $3.13 billion.
What other stocks do shareholders of Gannett own?: 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).
What is Gannett's stock symbol?: Gannett trades on the New York Stock Exchange (NYSE) under the ticker symbol "GCI."
How do I buy shares of Gannett?: 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.
Compare Top Brokerages Here.
What is Gannett's stock price today?: One share of GCI stock can currently be purchased for approximately $1.62.
How much money does Gannett make?: Gannett (NYSE:GCI) has a market capitalization of $237.48 million and generates $3.21 billion in revenue each year. The company earns $-134,960,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis.
How many employees does Gannett have?: The company employs 13,800 workers across the globe.
How can I contact Gannett?: 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.

This page (NYSE:GCI) was last updated on 9/30/2022 by MarketBeat.com Staff

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Gannett - GCI Stock Forecast, Price & News

Gannett MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability