Gannett (GCI) Receiving Somewhat Positive Press Coverage, Report Shows

Media headlines about Gannett (NYSE:GCI) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gannett earned a news impact score of 0.17 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.1837317315761 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.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of Gannett from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy”.

Gannett (NYSE GCI) opened at $11.16 on Tuesday. The firm has a market cap of $1,265.22, a P/E ratio of 11.55 and a beta of 0.85. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.43. Gannett has a 1 year low of $7.36 and a 1 year high of $12.38.

Gannett (NYSE:GCI) last released its earnings results on Thursday, November 2nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $744.30 million for the quarter, compared to the consensus estimate of $762.97 million. Gannett had a net margin of 1.43% and a return on equity of 13.25%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) earnings per share. research analysts predict that Gannett will post 0.9 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 12th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Monday, December 11th. Gannett’s dividend payout ratio (DPR) is currently 164.11%.

In related news, insider John M. Zidich sold 17,954 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $10.71, for a total transaction of $192,287.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 20,579 shares of company stock worth $222,035 over the last ninety days. 0.74% of the stock is currently owned by insiders.

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About Gannett

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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