Gannett (NYSE:GCI) Announces Quarterly Earnings Results

Gannett (NYSE:GCI) posted its quarterly earnings results on Monday. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08, Bloomberg Earnings reports. Gannett had a net margin of 0.12% and a return on equity of 11.24%. The business had revenue of $660.30 million for the quarter, compared to analysts’ expectations of $689.92 million. During the same period in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was down 9.6% on a year-over-year basis.

Shares of NYSE:GCI traded down $0.30 on Wednesday, reaching $9.90. 328,881 shares of the company were exchanged, compared to its average volume of 1,209,523. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Gannett has a 1-year low of $7.41 and a 1-year high of $11.99. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 9.18 and a beta of 1.30. The stock’s 50-day simple moving average is $8.89.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.46%. Gannett’s dividend payout ratio (DPR) is presently 59.26%.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Gannett from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Noble Financial reaffirmed a “market perform” rating on shares of Gannett in a research note on Tuesday.

Gannett Company Profile

Gannett Co, Inc operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. It 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 150 news brands and 150 magazines in the United Kingdom.

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Earnings History for Gannett (NYSE:GCI)

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