Gannett (GCI) Getting Somewhat Positive Press Coverage, Analysis Finds

News coverage about Gannett (NYSE:GCI) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news 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 earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.801368392485 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

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Gannett stock traded down $0.09 during trading hours on Friday, hitting $9.17. The company had a trading volume of 1,876,903 shares, compared to its average volume of 1,560,674. The stock has a market cap of $1,034.60, a P/E ratio of 8.90 and a beta of 0.94. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. Gannett has a one year low of $7.36 and a one year high of $12.38.

Gannett (NYSE:GCI) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. Gannett had a net margin of 0.22% and a return on equity of 13.29%. The firm had revenue of $854.00 million for the quarter, compared to analysts’ expectations of $848.74 million. During the same period in the prior year, the firm earned $0.50 EPS. The business’s revenue was down 1.5% on a year-over-year basis. equities analysts anticipate that Gannett will post 1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.98%. Gannett’s payout ratio is presently 62.14%.

Separately, ValuEngine raised shares of Gannett from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Two equities research 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. Gannett has a consensus rating of “Buy”.

In related news, CEO Walker Henry K. Faure sold 20,097 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $10.03, for a total transaction of $201,572.91. Following the sale, the chief executive officer now owns 1,351 shares in the company, valued at approximately $13,550.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert J. Dickey sold 19,533 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $2,328,605.10. 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. Company insiders own 0.74% of the company’s stock.

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About Gannett

Gannett Co, Inc operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. The company offers print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 170 news brands and 80 magazines in the United Kingdom.

Insider Buying and Selling by Quarter for Gannett (NYSE:GCI)

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