Gannett (NYSE:GCI) Issues Earnings Results, Beats Estimates By $0.10 EPS

Gannett (NYSE:GCI) issued its earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10, Zacks reports. Gannett had a negative return on equity of 12.16% and a negative net margin of 4.44%.

Gannett Stock Down 6.1 %

NYSE:GCI traded down $0.30 during mid-day trading on Thursday, hitting $4.51. The company had a trading volume of 816,578 shares, compared to its average volume of 974,956. The business has a fifty day simple moving average of $4.93 and a 200-day simple moving average of $5.08. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.88. Gannett has a 1 year low of $1.95 and a 1 year high of $5.93. The firm has a market capitalization of $664.08 million, a price-to-earnings ratio of -5.56 and a beta of 2.53.

Analysts Set New Price Targets

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

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.