Gannett Co., Inc. operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. The company 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 170 news brands and 80 magazines in the United Kingdom. Gannett Co., Inc. operations comprise 130 daily publications and digital platforms the United States and the United Kingdom; and 435 non-daily publications in the United States and 159 such titles in the United Kingdom. It also provides commercial printing, 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 ReachSearch, ReachDisplay, ReachSocial Ads, and ReachRetargeting digital advertising solutions; ReachSite+ReachEdge, ReachSEO, ReachCast, ReachListings, and TotalLiveChat Web presence solutions; and ReachEdge, a marketing automation platform, as well as Kickserv, a cloud-based business management software for service businesses. The company offers its suite of products and solutions to local businesses through its proprietary technology platform, its sales force, and third-party agencies and resellers. It also operates in Canada, Australia, New Zealand, Japan, Germany, Austria, Brazil, and Mexico. 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.
Industry, Sector and Symbol
Industry Newspapers
Sub-IndustryN/A
SectorConsumer Staples
Phone703-854-6000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.15 billion
Profitability
Miscellaneous
Employees15,300
OptionableOptionable
Gannett (NYSE:GCI) Frequently Asked Questions
What is Gannett's stock symbol?
Gannett trades on the New York Stock Exchange (NYSE) under the ticker symbol "GCI."
How often does Gannett pay dividends? What is the dividend yield for Gannett?
Gannett declared a quarterly dividend on Wednesday, October 17th. Stockholders of record on Monday, December 10th will be given a dividend of $0.16 per share on Monday, December 24th. This represents a $0.64 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Friday, December 7th. View Gannett's Dividend History.
How will Gannett's stock buyback program work?
Gannett announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 8th 2018, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.
How were Gannett's earnings last quarter?
Gannett Co Inc (NYSE:GCI) released its earnings results on Thursday, November, 8th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.03. The firm earned $711.70 million during the quarter, compared to analysts' expectations of $723.60 million. Gannett had a net margin of 0.52% and a return on equity of 12.75%. The company's revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. View Gannett's Earnings History.
When is Gannett's next earnings date?
What guidance has Gannett issued on next quarter's earnings?
Gannett issued an update on its FY 2018 earnings guidance on Thursday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.9-2.94 billion, compared to the consensus revenue estimate of $2.96 billion.
What price target have analysts set for GCI?
2 brokers have issued 1 year price objectives for Gannett's shares. Their forecasts range from $10.00 to $15.00. On average, they expect Gannett's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price. View Analyst Price Targets for Gannett.
What is the consensus analysts' recommendation 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.
Has Gannett been receiving favorable news coverage?
Press coverage about GCI stock has been trending extremely positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Gannett earned a coverage optimism score of 4.1 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Who are some of Gannett's key competitors?
Who are Gannett's key executives?
Gannett's management team includes the folowing people:
- Mr. Robert J. Dickey, Pres & CEO (Age 61)
- Ms. Alison K. Engel, Sr. VP, Treasurer & CFO (Age 47)
- Ms. Barbara W. Wall, Sr. VP & Chief Legal Officer (Age 63)
- Ms. Sharon T. Rowlands, Pres of USA Today Network Marketing Solutions & CEO of Reachlocal (Age 59)
- Mr. Jamshid Khazenie, Chief Technology Officer (Age 55)
Who are Gannett's major shareholders?
Gannett's stock is owned by many different of retail and institutional investors. Top institutional shareholders include North Star Investment Management Corp. (0.35%), Bowling Portfolio Management LLC (0.15%), Nisa Investment Advisors LLC (0.11%), Alpha Windward LLC (0.04%), Louisiana State Employees Retirement System (0.04%) and Trilogy Capital Inc. (0.02%). 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.
Which major investors are selling Gannett stock?
GCI stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc., North Star Investment Management Corp., Nisa Investment Advisors LLC, Louisiana State Employees Retirement System and Alpha Windward LLC. Company insiders that have sold Gannett company stock in the last year include Andrew T Yost, Barbara W Wall, John M Zidich, Robert J Dickey and Walker Henry K Faure. View Insider Buying and Selling for Gannett.
Which major investors are buying Gannett stock?
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, Scottrade, Fidelity and Charles Schwab.
What is Gannett's stock price today?
One share of GCI stock can currently be purchased for approximately $11.25.
How big of a company is Gannett?
Gannett has a market capitalization of $1.27 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.
What is Gannett's official website?
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]
MarketBeat Community Rating for Gannett (NYSE GCI)
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.
