Media coverage about Gannett (NYSE:GCI) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gannett earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.801368392485 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
Separately, ValuEngine upgraded Gannett from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy”.
Gannett (NYSE GCI) opened at $9.79 on Friday. The stock has a market capitalization of $1,092.14, a P/E ratio of 163.17 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. Gannett has a 52-week low of $7.36 and a 52-week high of $12.38.
Gannett (NYSE:GCI) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.46 by $0.09. The firm had revenue of $854.00 million for the quarter, compared to analyst estimates of $848.74 million. Gannett had a return on equity of 13.29% and a net margin of 0.22%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. research analysts anticipate that Gannett will post 0.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.64 annualized dividend and a dividend yield of 6.54%. Gannett’s dividend payout ratio is currently 1,066.67%.
In related news, CEO Robert J. Dickey sold 19,533 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $10.35, for a total transaction of $202,166.55. Following the sale, the chief executive officer now owns 224,986 shares of the company’s stock, valued at $2,328,605.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John M. Zidich sold 28,089 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $10.21, for a total value of $286,788.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,673 shares of company stock worth $804,778. Insiders own 0.74% of the company’s stock.
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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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