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NYSE:GCI

Gannett - GCI Stock Forecast, Price & News

$2.37
+0.01 (+0.42%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.32
$2.56
50-Day Range
$2.30
$3.98
52-Week Range
$2.25
$7.05
Volume
2.60 million shs
Average Volume
1.48 million shs
Market Capitalization
$347.42 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.65

Gannett MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
11.8% Upside
$2.65 Price Target
Short Interest
Bearish
11.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
-0.03mentions of Gannett in the last 14 days
Based on 16 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.

1.59 out of 5 stars

Business Services Sector

303rd out of 334 stocks

Newspapers Industry

4th out of 5 stocks

GCI stock logo

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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GCI shares. Citigroup decreased their target price on shares of Gannett from $4.25 to $2.65 and set a "sell" rating on the stock in a research report on Thursday, July 7th. TheStreet raised shares of Gannett from a "d+" rating to a "c-" rating in a research report on Tuesday, May 17th.

Gannett Trading Down 0.4 %

GCI traded down $0.01 during mid-day trading on Tuesday, hitting $2.35. 140,602 shares of the stock were exchanged, compared to its average volume of 1,325,147. The company has a market cap of $344.49 million, a PE ratio of -5.10 and a beta of 2.31. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 2.53. The firm's fifty day moving average is $3.04 and its two-hundred day moving average is $4.05. Gannett has a 1-year low of $2.25 and a 1-year high of $7.05.

Insider Transactions at Gannett

In related news, Director John Jeffry Louis sold 7,604 shares of the company's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $3.64, for a total transaction of $27,678.56. Following the sale, the director now directly owns 347,722 shares of the company's stock, valued at approximately $1,265,708.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director John Jeffry Louis sold 7,604 shares of the business's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $3.64, for a total transaction of $27,678.56. Following the completion of the transaction, the director now directly owns 347,722 shares of the company's stock, valued at approximately $1,265,708.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Reed purchased 500,000 shares of Gannett stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $2.44 per share, for a total transaction of $1,220,000.00. Following the transaction, the chief executive officer now directly owns 1,836,335 shares in the company, valued at $4,480,657.40. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company's stock.

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GCI Stock News Headlines

Why Shares of Gannett Crashed This Morning
Gannett Schedules Second Quarter 2022 Results
Gannett Co Inc GCI Trading Advice
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GCI Company Calendar

Last Earnings
11/05/2021
Today
8/09/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Newspapers
Sub-Industry
N/A
Fax
N/A
Employees
13,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$2.65
High Stock Price Forecast
$2.65
Low Stock Price Forecast
$2.65
Forecasted Upside/Downside
+11.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$-134,960,000.00
Pretax Margin
-0.34%

Debt

Sales & Book Value

Annual Sales
$3.21 billion
Cash Flow
$2.24 per share
Book Value
$3.71 per share

Miscellaneous

Free Float
142,780,000
Market Cap
$347.42 million
Optionable
Optionable
Beta
2.31

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













GCI Stock - Frequently Asked Questions

Should I buy or sell Gannett stock right now?

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.

What is Gannett's stock price forecast for 2022?

1 analysts have issued 12 month price targets for Gannett's stock. Their GCI share price forecasts range from $2.65 to $2.65. On average, they predict the company's stock price to reach $2.65 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for GCI
or view top-rated stocks among Wall Street analysts.

How has Gannett's stock price performed in 2022?

Gannett's stock was trading at $5.33 at the beginning of 2022. Since then, GCI shares have decreased by 55.3% and is now trading at $2.38.
View the best growth stocks for 2022 here
.

When is Gannett's next earnings date?

Gannett 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) issued its quarterly earnings results on Friday, November, 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The business earned $800.19 million during the quarter, compared to analyst estimates of $821.67 million. Gannett had a positive trailing twelve-month return on equity of 9.15% and a negative net margin of 2.06%. During the same quarter in the prior year, the company posted ($0.39) earnings per share.

What guidance has Gannett issued on next quarter's earnings?

Gannett updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (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?

What is Gannett's stock symbol?

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

Who are Gannett's major shareholders?

Gannett's stock is owned by many different institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.81%), Los Angeles Capital Management LLC (0.13%), New York State Teachers Retirement System (0.10%), Cowen Prime Advisors LLC (0.10%), Yousif Capital Management LLC (0.08%) and State of Alaska Department of Revenue (0.08%). Insiders that own company stock include John Jeffry Louis, Laurence Tarica, Maria M Miller, Michael Reed and Theodore Peter Janulis.
View institutional ownership trends
.

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 $2.38.

How much money does Gannett make?

Gannett (NYSE:GCI) has a market capitalization of $348.88 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?

Gannett 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 8/9/2022 by MarketBeat.com Staff

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