Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Gannett (GCI) Stock Price
News headlines about Gannett (NYSE:GCI) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gannett earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.5576870443133 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Gannett to Participate at Upcoming Investor Conferences (finance.yahoo.com)
- Rope in Stocks: Vistra Energy Corp., (NYSE: VST), Gannett Co., Inc., (NYSE: GCI), The Toronto-Dominion Bank, (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
- Gannett Co. Inc (GCI): Stock to Follow – ExpertGazette (expertgazette.com)
- Consolidated Research: 2018 Summary Expectations for Schlumberger N.V, W.W. Grainger, Best Buy Co., Acadia Realty Trust, Keryx Biopharmaceuticals, and Gannett Co. — Fundamental Analysis, Key Performance Indications (finance.yahoo.com)
- Caller-Times launches new digital recruitment solution (caller.com)
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Gannett from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub cut shares of Gannett from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, ValuEngine upgraded shares of Gannett from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Gannett currently has an average rating of “Buy”.
Gannett (NYSE:GCI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Gannett had a net margin of 1.43% and a return on equity of 13.25%. The business had revenue of $744.30 million for the quarter, compared to analysts’ expectations of $762.97 million. During the same period last year, the business earned ($0.21) EPS. The company’s revenue was down 3.6% compared to the same quarter last year. sell-side analysts predict that Gannett will post 0.9 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 12th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Monday, December 11th. Gannett’s dividend payout ratio is currently 164.11%.
In other news, insider John M. Zidich sold 17,954 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $10.71, for a total value of $192,287.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 20,579 shares of company stock worth $222,035 over the last 90 days. Company insiders own 0.74% of the company’s stock.
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Gannett 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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