Gannett (NYSE:GCI) Releases Earnings Results

Gannett (NYSE:GCI) posted its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, Zacks reports. Gannett had a negative return on equity of 17.12% and a negative net margin of 3.71%. The company had revenue of $639.84 million during the quarter.

Gannett Stock Down 5.3 %

NYSE GCI traded down $0.24 during trading hours on Friday, hitting $4.28. 1,188,584 shares of the company traded hands, compared to its average volume of 1,243,517. The stock has a market capitalization of $631.51 million, a price-to-earnings ratio of -4.92 and a beta of 2.50. Gannett has a twelve month low of $1.66 and a twelve month high of $5.05. The business’s 50-day moving average is $4.48 and its 200-day moving average is $3.18. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.75 and a current ratio of 0.79.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and upped their price target for the stock from $1.95 to $3.60 in a research report on Friday, May 24th. JMP Securities initiated coverage on shares of Gannett in a report on Monday, July 1st. They set an “outperform” rating and a $6.00 target price for the company.

About Gannett

Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.