NYSE:GCI - Gannett Stock Price, News, & Analysis

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

Gannett declared a quarterly dividend on Monday, May 6th. Stockholders of record on Monday, June 10th will be given a dividend of $0.16 per share on Monday, June 24th. This represents a $0.64 annualized dividend and a dividend yield of 7.71%. The ex-dividend date is Friday, June 7th. View Gannett's Dividend History.

Gannett announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 8th 2018, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Gannett Co Inc (NYSE:GCI) posted its earnings results on Wednesday, May, 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The business had revenue of $663.40 million for the quarter, compared to analyst estimates of $677.85 million. Gannett had a net margin of 0.12% and a return on equity of 11.24%. Gannett's revenue was down 8.2% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. View Gannett's Earnings History.

Gannett is scheduled to release their next quarterly earnings announcement on Thursday, August 8th 2019. View Earnings Estimates for Gannett.

Gannett updated its FY 2019 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.74-2.81 billion, compared to the consensus revenue estimate of $2.76.

2 Wall Street analysts have issued twelve-month price targets for Gannett's stock. Their forecasts range from $10.00 to $15.00. On average, they expect Gannett's stock price to reach $12.50 in the next year. This suggests a possible upside of 50.6% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Gannett.

News coverage about GCI stock has trended somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Gannett earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Gannett.

Gannett saw a decrease in short interest during the month of May. As of May 31st, there was short interest totalling 16,432,900 shares, a decrease of 12.7% from the April 30th total of 18,815,800 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 12.8 days. Approximately 14.7% of the shares of the company are short sold. View Gannett's Current Options Chain.

Some companies that are related to Gannett include New Media Investment Group (NEWM), Daily Journal (DJCO), Tribune Publishing (TPCO), Lee Enterprises (LEE), A. H. Belo (AHC), TheStreet (TST) and Rediff.com India (REDFY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Gannett investors own include TEGNA (TGNA), CA (CA), BlackRock (BLK), Endologix (ELGX), Energy Transfer LP Unit (ET), Ford Motor (F), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Transocean (RIG) and CBL & Associates Properties (CBL).

Gannett's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include LSV Asset Management (4.54%), JPMorgan Chase & Co. (2.71%), Robeco Institutional Asset Management B.V. (2.20%), Parametric Portfolio Associates LLC (1.03%), FMR LLC (0.87%) and Rhumbline Advisers (0.30%). Company insiders that own Gannett stock include Alison K Engel, Andrew T Yost, Barbara W Wall, John M Zidich, Robert J Dickey and Walker Henry K Faure. View Institutional Ownership Trends for Gannett.

GCI stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., North Star Investment Management Corp., Los Angeles Capital Management & Equity Research Inc., Parametric Portfolio Associates LLC, New York State Common Retirement Fund, Cambria Investment Management L.P. and Lee Danner & Bass Inc.. Company insiders that have sold Gannett company stock in the last year include Andrew T Yost and Walker Henry K Faure. View Insider Buying and Selling for Gannett.

GCI stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., BNP Paribas Arbitrage SA, Royce & Associates LP, LSV Asset Management, NumerixS Investment Technologies Inc, Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV and Everence Capital Management Inc.. 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 $8.30.

Gannett has a market capitalization of $950.52 million and generates $2.92 billion in revenue each year. The company earns $15.04 million in net income (profit) each year or $1.08 on an earnings per share basis. Gannett employs 13,700 workers across the globe.View Additional Information About Gannett.

The official website for Gannett is http://www.gannett.com/.

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]