Gannett Co. (GCI) Receives News Sentiment Rating of 0.06
News articles about Gannett Co. (NYSE:GCI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gannett Co. earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.552723044494 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Gannett Co. (NYSE GCI) opened at 8.41 on Monday. The stock’s market cap is $956.17 million. The company’s 50-day moving average price is $8.37 and its 200-day moving average price is $8.44. Gannett Co. has a 52-week low of $7.30 and a 52-week high of $12.39.
Gannett Co. (NYSE:GCI) last announced its earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $774.50 million for the quarter, compared to analyst estimates of $783.06 million. Gannett Co. had a positive return on equity of 11.30% and a negative net margin of 0.07%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Analysts expect that Gannett Co. will post $0.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date of this dividend is Wednesday, August 30th. Gannett Co.’s dividend payout ratio (DPR) is presently -3,200.00%.
A number of analysts recently commented on GCI shares. ValuEngine cut Gannett Co. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded Gannett Co. from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research cut Gannett Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet upgraded Gannett Co. from a “d” rating to a “c-” rating in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $16.00.
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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