Analysts expect Gannett Co Inc (NYSE:GCI) to post $848.50 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Gannett’s earnings, with the lowest sales estimate coming in at $837.00 million and the highest estimate coming in at $858.50 million. Gannett posted sales of $866.99 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.1%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, February 20th.
On average, analysts expect that Gannett will report full year sales of $848.50 million for the current financial year, with estimates ranging from $3.13 billion to $3.16 billion. For the next year, analysts anticipate that the firm will post sales of $3.03 billion per share, with estimates ranging from $2.96 billion to $3.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Gannett.
GCI has been the subject of a number of research reports. ValuEngine raised shares of Gannett from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy”.
Shares of Gannett (NYSE:GCI) opened at $11.26 on Tuesday. Gannett has a twelve month low of $7.36 and a twelve month high of $12.38. The company has a market cap of $1,260.00 and a P/E ratio of 24.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43.
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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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