Insider Selling: Teresa S. Gendron Sells 11,250 Shares of Gannett Co. Stock (GCI)
Gannett Co. (NYSE:GCI) VP Teresa S. Gendron sold 11,250 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $34.34, for a total transaction of $386,325.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Gannett Co. from $35.00 to $39.00 in a research note on Wednesday. Separately, analysts at FBR Capital Markets raised their price target on shares of Gannett Co. from $36.00 to $40.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note on Monday, July 28th. They now have a $35.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Gannett Co. presently has a consensus rating of “Buy” and a consensus target price of $34.00.
Gannett Co. (NYSE:GCI) traded up 0.63% on Friday, hitting $33.61. 2,507,789 shares of the company’s stock traded hands. Gannett Co. has a one year low of $23.75 and a one year high of $35.70. The stock’s 50-day moving average is $31.95 and its 200-day moving average is $28.98. The company has a market cap of $7.584 billion and a P/E ratio of 17.78.
Gannett Co. (NYSE:GCI) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Gannett Co. will post $2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, September 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, September 3rd.
Gannett Co, Inc, is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
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