Gannett (GCI) Stock Price, News & Analysis

Company Overview

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. It also provides digital-only subscription, including local media brands, USA TODAY NETWORK community events platform, magazines, sports, and games; and E-newspapers; and digital advertising and marketing services. In addition, the company offers digital news and media brands; daily and weekly newspapers; digital marketing solutions, such as online presence solutions, online advertising products, conversion software, and cloud-based software solutions; commercial printing and distribution services; and prints commercial materials, including flyers, business cards, and invitations. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019. Gannett Co., Inc. was incorporated in 2013 and is headquartered in McLean, Virginia.

Key Stats

• Today's Range: $4.60 to $4.78
• 50-Day Range: $4.25 to $5.81
• 52-Week Range: $1.66 to $5.93
• Volume: 2.54 million shs
• Average Volume: 1.24 million shs
• Market Capitalization: $690.03 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.37
• Consensus Rating: Buy

Gannett Stock Analysis - MarketRank™

Gannett scored higher than 58% of companies evaluated by MarketBeat, and ranked 174th out of 342 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Gannett has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Gannett has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Gannett is -6.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gannett is -6.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Gannett has a P/B Ratio of 2.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

12.20% of the float of Gannett has been sold short.

Short Interest Ratio / Days to Cover

Gannett has a short interest ratio ("days to cover") of 8.9.

Change versus previous month

Short interest in Gannett has recently increased by 1.04%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Gannett does not currently pay a dividend.

Dividend Growth

Gannett does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.0 / 5
• Environmental Score: -0.95

Percentage of Shares Shorted

12.20% of the float of Gannett has been sold short.

Short Interest Ratio / Days to Cover

Gannett has a short interest ratio ("days to cover") of 8.9.

Change versus previous month

Short interest in Gannett has recently increased by 1.04%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.29

News Sentiment

Gannett has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Gannett this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Gannett insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.70% of the stock of Gannett is held by insiders.

Percentage Held by Institutions

76.71% of the stock of Gannett is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GCI Stock Analysis - Frequently Asked Questions

How have GCI shares performed this year?

Gannett's stock was trading at $2.30 at the start of the year. Since then, GCI stock has increased by 103.3% and is now trading at $4.6750.
View the best growth stocks for 2024 here.

How were Gannett's earnings last quarter?

Gannett Co., Inc. (NYSE:GCI) released its quarterly earnings results on Thursday, August, 1st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.25. The company had revenue of $639.84 million for the quarter. Gannett had a negative net margin of 3.71% and a negative trailing twelve-month return on equity of 17.12%.

Who are Gannett's major shareholders?

Gannett's top institutional investors include Silverberg Bernstein Capital Management LLC (0.35%), Hanseatic Management Services Inc. (0.12%), Ritholtz Wealth Management (0.06%) and Creative Planning (0.05%). Insiders that own company stock include Michael Reed, Laurence Tarica and John Jeffry Louis.
View institutional ownership trends.

How do I buy shares of Gannett?

Shares of GCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Gannett own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Gannett investors own include Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Energy Transfer (ET).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 11/01/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Newspapers
• Sub-Industry: Printing And Publishing
• Current Symbol: NYSE:GCI
• CUSIP: N/A
• CIK: 1635718
• Web: www.newmediainv.com
• Phone: 703-854-6000
• Fax: N/A
• Employees: 10,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.37
• High Stock Price Target: $6.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +14.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-27,790,000.00
• Net Margins: -3.71%
• Pretax Margin: -2.91%
• Return on Equity: -17.12%
• Return on Assets: -2.25%

Debt

• Debt-to-Equity Ratio: 3.83
• Current Ratio: 0.79
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $2.60 billion
• Price / Sales: 0.27
• Cash Flow: $0.66 per share
• Price / Cash Flow: 7.11
• Book Value: $2.13 per share
• Price / Book: 2.19

Miscellaneous

• Outstanding Shares: 147,600,000
• Free Float: 140,663,000
• Market Cap: $690.03 million
• Optionable: Optionable
• Beta: 2.49