Gannett Co., Inc. (GCI) Receives Consensus Rating of “Buy” from Brokerages

Gannett Co., Inc. (NYSE:GCI) has been assigned an average rating of “Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

A number of research firms recently commented on GCI. Zacks Investment Research lowered shares of Gannett Co. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. TheStreet upgraded shares of Gannett Co. from a “d” rating to a “c-” rating in a report on Friday, June 23rd. ValuEngine lowered shares of Gannett Co. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Gannett Co. from a “hold” rating to a “buy” rating in a report on Friday, June 30th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Great Lakes Advisors LLC bought a new position in Gannett Co. in the 1st quarter worth $105,000. Bank of Montreal Can raised its holdings in Gannett Co. by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 12,571 shares of the company’s stock worth $110,000 after purchasing an additional 89 shares in the last quarter. Stifel Financial Corp bought a new position in Gannett Co. in the 2nd quarter worth $113,000. Koch Industries Inc. bought a new position in Gannett Co. in the 2nd quarter worth $127,000. Finally, Private Advisor Group LLC bought a new position in Gannett Co. in the 1st quarter worth $128,000. Institutional investors and hedge funds own 81.63% of the company’s stock.

Gannett Co. (GCI) traded up 0.660% during midday trading on Tuesday, reaching $8.385. 567,113 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $8.36 and a 200 day moving average price of $8.50. The company’s market cap is $953.33 million. Gannett Co. has a 12-month low of $7.30 and a 12-month high of $12.39.

Gannett Co. (NYSE:GCI) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Gannett Co. had a negative net margin of 0.07% and a positive return on equity of 11.30%. The firm had revenue of $774.50 million for the quarter, compared to the consensus estimate of $783.06 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts expect that Gannett Co. will post $0.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 annualized dividend and a yield of 7.68%. Gannett Co.’s dividend payout ratio (DPR) is presently -3,200.00%.

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Gannett Co. Company Profile

Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.

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