NYSE:GCI - Gannett Stock Price, Price Target & More

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

Gannett announced a quarterly dividend on Tuesday, May 8th. Stockholders of record on Monday, June 11th will be given a dividend of $0.16 per share on Monday, June 25th. This represents a $0.64 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Friday, June 8th. View Gannett's Dividend History.

Gannett announced that its board has approved a share buyback program on Tuesday, May 8th 2018, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Gannett Co Inc (NYSE:GCI) posted its quarterly earnings data on Monday, May, 7th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.10. The business earned $722.95 million during the quarter, compared to the consensus estimate of $721.63 million. Gannett had a net margin of 0.28% and a return on equity of 12.59%. The business's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. View Gannett's Earnings History.

Gannett is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Gannett.

2 Wall Street analysts have issued 1-year price targets for Gannett's shares. Their forecasts range from $10.00 to $15.00. On average, they anticipate Gannett's stock price to reach $12.50 in the next year. This suggests a possible upside of 23.5% from the stock's current price. View Analyst Ratings for Gannett.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gannett in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

Gannett saw a increase in short interest in the month of June. As of June 15th, there was short interest totalling 18,788,800 shares, an increase of 23.9% from the May 31st total of 15,158,501 shares. Based on an average daily trading volume, of 1,496,419 shares, the days-to-cover ratio is currently 12.6 days. Approximately 16.8% of the shares of the company are short sold. View Gannett's Current Options Chain.

Some companies that are related to Gannett include New York Times Co Class A (NYT), New Media Investment Group (NEWM), tronc (TRNC), Daily Journal (DJCO), Lee Enterprises (LEE), TheStreet (TST), A. H. Belo Corp (Pre-Reincorporation) (AHC) and Rediff.com India (REDFY).

Headlines about GCI stock have been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gannett earned a news impact score of 0.17 on Accern's scale. They also gave press coverage about the company an impact score of 47.56 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Gannett's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.15%). Company insiders that own Gannett stock include Alison K Engel, Andrew T Yost, Barbara W Wall, John Jeffry Louis, John M Zidich, Robert J Dickey and Walker Henry K Faure. View Institutional Ownership Trends for Gannett.

GCI stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can. Company insiders that have bought Gannett stock in the last two years include Alison K Engel and John Jeffry Louis. View Insider Buying and Selling for Gannett.

Shares of GCI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of GCI stock can currently be purchased for approximately $10.12.

Gannett has a market capitalization of $1.16 billion and generates $3.15 billion in revenue each year. The company earns $6.88 million in net income (profit) each year or $1.03 on an earnings per share basis. Gannett employs 15,300 workers across the globe.

Gannett's mailing address is 7950 JONES BRANCH DRIVE, MCLEAN VA, 22107. The company can be reached via phone at 703-854-6000 or via email at [email protected]