Gannett (NYSE:GCI) Posts Quarterly 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 firm had revenue of $639.84 million during the quarter.

Gannett Stock Performance

Shares of Gannett stock traded down $0.24 on Friday, reaching $4.28. 1,188,584 shares of the stock were exchanged, compared to its average volume of 1,243,517. The business has a 50 day moving average price of $4.48 and a two-hundred day moving average price of $3.18. The firm 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 company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 3.83.

Analyst Ratings Changes

Several research firms have recently issued reports on GCI. JMP Securities assumed coverage on shares of Gannett in a report on Monday, July 1st. They set an “outperform” rating and a $6.00 price objective on the stock. Citigroup upgraded shares of Gannett from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $1.95 to $3.60 in a research note on Friday, May 24th.

Gannett Company Profile

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.