Gannett (NYSE:GCI - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.07 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 analyst estimates 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 7.0 %
Shares of GCI stock traded down $0.33 on Friday, hitting $4.30. The stock had a trading volume of 1,991,558 shares, compared to its average volume of 1,044,428. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.88. The business has a 50 day moving average price of $4.89 and a 200 day moving average price of $5.08. The company has a market cap of $633.13 million, a PE ratio of -5.30 and a beta of 2.53. Gannett has a one year low of $1.95 and a one year high of $5.93.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued a "market outperform" rating and set a $6.00 target price on shares of Gannett in a research note on Monday, January 27th.
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About Gannett
(
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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.
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