NYSE:GCIGannett Stock Price, Forecast & News

$1.37

+0.06 (+4.58 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$1.31

Now: $1.37▼

$1.43

50-Day Range

$0.72

MA: $1.07▼

$1.48

52-Week Range

$0.63

Now: $1.37▼

$11.35

Volume1.84 million shs

Average Volume3.68 million shs

Market Capitalization$180.97 million

P/E RatioN/A

Dividend Yield55.47%

Beta1.49

Gannett Co., Inc. operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. It offers print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 150 news brands and 150 magazines in the United Kingdom. The company's operations include 110 daily the United States print products, including USA TODAY; and 150 publications in the United Kingdom. It also provides commercial printing and distribution, marketing, and data services; and owns s1 and Exchange & Mart businesses, and a specialist magazine business. In addition, the company offers digital marketing solutions comprising search engine marketing, social advertising, and display advertising; software solutions, such as lead conversion and field management software, as well as presence solutions, including Websites, search engine optimization, listings management, and live chat; and WordStream, cloud-based software-as-a-service solution for local and regional businesses and agencies. The company offers its suite of products and solutions to local businesses through its proprietary technology platform, sales force, and third-party agencies and resellers. It also operates in Canada, Australia, New Zealand, Japan, and Brazil. The company was formerly known as Gannett SpinCo, Inc. and changed its name to Gannett Co., Inc. in May 2015. Gannett Co., Inc. was incorporated in 2014 and is headquartered in McLean, Virginia.

Beat the Market (BTM) Rank^™

2.8 Analyst's Opinion

Consensus Rating
Gannett has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, Gannett has a potential upside of 265.0% from its current price of $1.37.
Amount of Analyst Coverage
Gannett has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Gannett has received 240 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Gannett has received 249 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Gannett has received 50.92% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Gannett and other stocks. Vote “Outperform” if you believe GCI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GCI will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Gannett is a leading dividend payer. It pays a dividend yield of 55.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Gannett does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Gannett is 49.35 %. This payout ratio is at a healthy, sustainable level, below 75%.

4.0 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 $903,426.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Gannett is held by insiders.
Percentage Held by Institutions
82.90% of the stock of Gannett is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Gannett are expected to grow in the coming year, from ($1.37) to ($0.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gannett is -0.71, 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 -0.71, 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 0.18. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.60 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Newspapers

Sub-IndustryN/A

SectorBusiness Services

Current SymbolNYSE:GCI

Previous Symbol

CUSIPN/A

CIK1635718

Webwww.newmediainv.com

Phone703-854-6000

Debt

Debt-to-Equity Ratio2.17

Current Ratio1.05

Quick Ratio0.99

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.87 billion

Price / Sales0.10

Cash Flow$2.58 per share

Price / Cash Flow0.53

Book Value$7.61 per share

Price / Book0.18

Profitability

EPS (Most Recent Fiscal Year)$1.54

Net Income$-119,840,000.00

Net Margins-7.86%

Return on Equity4.93%

Return on Assets1.43%

Miscellaneous

Employees21,255

Outstanding Shares132,097,000

Market Cap$180.97 million

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Gannett (NYSE:GCI) Frequently Asked Questions

How has Gannett's stock been impacted by COVID-19 (Coronavirus)?

Gannett's stock was trading at $3.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GCI shares have decreased by 60.9% and is now trading at $1.37. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Gannett.

When is Gannett's next earnings date?

Gannett is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Gannett.

How were Gannett's earnings last quarter?

Gannett Co Inc (NYSE:GCI) released its quarterly earnings data on Thursday, May, 7th. The company reported ($0.39) EPS for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.18. The firm earned $948.68 million during the quarter, compared to the consensus estimate of $976.21 million. Gannett had a negative net margin of 7.86% and a positive return on equity of 4.93%. View Gannett's earnings history.

How often does Gannett pay dividends? What is the dividend yield for Gannett?

Gannett announced a quarterly dividend on Wednesday, October 16th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.16 per share on Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 46.72%. The ex-dividend date of this dividend is Thursday, October 31st. View Gannett's dividend history.

What price target have analysts set for GCI?

2 equities research analysts have issued twelve-month target prices for Gannett's stock. Their forecasts range from $5.00 to $5.00. On average, they expect Gannett's share price to reach $5.00 in the next year. This suggests a possible upside of 265.0% from the stock's current price. View analysts' price targets for Gannett.

Has Gannett been receiving favorable news coverage?

News coverage about GCI stock has trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Gannett earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days. View the latest news aboutGannett.

Who are some of Gannett's key competitors?

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

What other stocks do shareholders of Gannett own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gannett investors own include Amplify Energy (AMPY), Amplify Energy (AMPY), AMC Entertainment (AMC), NGL Energy Partners (NGL), Washington Prime Group (WPG), Golar LNG Partners (GMLP), Chesapeake Energy (CHK), EnLink Midstream (ENLC), CBL & Associates Properties (CBL) and Pennsylvania R.E.I.T. (PEI).

Who are Gannett's key executives?

Gannett's management team includes the following people:

Mr. Robert J. Dickey, Pres, CEO & Director (Age 62)
Ms. Alison K. Engel, Sr. VP, CFO & Treasurer (Age 48)
Ms. Barbara W. Wall, Sr. VP, Interim COO & Chief Legal Officer (Age 64)
Ms. Maribel Perez Wadsworth, Pres of USA Today Network & Publisher of USA Today (Age 46)
Mr. Jamshid Khazenie, Chief Technology Officer (Age 56)

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 a number of retail and institutional investors. Top institutional shareholders include Guggenheim Capital LLC (0.02%). Company insiders that own Gannett stock include Andrew T Yost, John Jeffry Louis, Laurence Tarica, Maria M Miller, Michael Reed and Walker Henry K Faure. View institutional ownership trends for Gannett.

Which major investors are buying Gannett stock?

GCI stock was bought by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC. Company insiders that have bought Gannett stock in the last two years include John Jeffry Louis, Laurence Tarica, Maria M Miller, and Michael Reed. View insider buying and selling activity for Gannett.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is Gannett's stock price today?

One share of GCI stock can currently be purchased for approximately $1.37.

How big of a company is Gannett?

Gannett has a market capitalization of $180.97 million and generates $1.87 billion in revenue each year. The company earns $-119,840,000.00 in net income (profit) each year or $1.54 on an earnings per share basis. Gannett employs 21,255 workers across the globe.

What is Gannett's official website?

The official website for Gannett is www.newmediainv.com.

How can I contact Gannett?

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff