Gannett (NYSE:GCI) Announces Earnings Results

Gannett (NYSE:GCI) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.10, Zacks reports. The company had revenue of $621.28 million during the quarter, compared to the consensus estimate of $635.09 million. Gannett had a negative net margin of 4.44% and a negative return on equity of 12.16%.

Gannett Stock Down 5.3 %

NYSE:GCI traded down $0.25 during trading hours on Friday, reaching $4.38. 596,382 shares of the stock were exchanged, compared to its average volume of 1,001,694. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. Gannett has a twelve month low of $1.95 and a twelve month high of $5.93. The stock has a market cap of $644.92 million, a PE ratio of -5.40 and a beta of 2.53. The firm has a 50 day moving average of $4.91 and a 200 day moving average of $5.08.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and set a $6.00 target price on shares of Gannett in a report on Monday, January 27th.

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.