Gannett (GCI) Receiving Somewhat Favorable Press Coverage, Study Finds

News coverage about Gannett (NYSE:GCI) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gannett earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.5420547322617 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

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

Separately, Zacks Investment Research upgraded shares of Gannett from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy”.

Shares of Gannett (GCI) opened at $11.55 on Thursday. The stock has a market cap of $1,290.00 and a P/E ratio of 25.11. Gannett has a 12 month low of $7.36 and a 12 month high of $12.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.09.

Gannett (NYSE:GCI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $744.30 million for the quarter, compared to analyst estimates of $762.97 million. Gannett had a net margin of 1.43% and a return on equity of 13.25%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. sell-side analysts forecast that Gannett will post 0.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 12th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, December 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.54%. Gannett’s dividend payout ratio is currently 139.13%.

In other news, insider John M. Zidich sold 17,954 shares of Gannett 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 20,579 shares of company stock worth $222,035 in the last quarter. Insiders own 0.74% of the company’s stock.

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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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