Somewhat Favorable News Coverage Somewhat Unlikely to Affect Gannett (GCI) Share Price

News coverage about Gannett (NYSE:GCI) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gannett earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2548749612295 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

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Separately, ValuEngine upgraded shares of Gannett from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy”.

Shares of NYSE GCI opened at $9.26 on Friday. 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 52-week low of $7.36 and a 52-week high of $12.38. The company has a market capitalization of $1,053.78, a price-to-earnings ratio of 8.99 and a beta of 0.94.

Gannett (NYSE:GCI) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.55 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $848.74 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was down 1.5% on a year-over-year basis. research analysts expect that Gannett will post 1.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Friday, March 9th. Gannett’s dividend payout ratio (DPR) is currently 62.14%.

In other Gannett news, insider John M. Zidich sold 28,089 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $10.21, for a total value of $286,788.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert J. Dickey sold 19,533 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $10.35, for a total transaction of $202,166.55. Following the completion of the transaction, the chief executive officer now owns 224,986 shares of the company’s stock, valued at $2,328,605.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,673 shares of company stock valued at $804,778. Corporate insiders own 0.74% of the company’s stock.

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Gannett Company Profile

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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