Analysts predict that Gannett Co., Inc. (NYSE:GCI) will post $0.13 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for Gannett Co.’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.20. Gannett Co. posted earnings per share of $0.06 during the same quarter last year, which indicates a positive year-over-year growth rate of 116.7%. The firm is expected to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Gannett Co. will report full year earnings of $0.88 per share for the current financial year, with EPS estimates ranging from $0.59 to $1.16. For the next fiscal year, analysts expect that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.75 to $1.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Gannett Co..

Gannett Co. (NYSE:GCI) last issued its earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.01. Gannett Co. had a negative net margin of 0.07% and a positive return on equity of 11.30%. The company had revenue of $774.50 million during the quarter, compared to analyst estimates of $783.06 million. During the same quarter in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis.

Several research firms have weighed in on GCI. BidaskClub lowered shares of Gannett Co. from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. TheStreet upgraded shares of Gannett Co. from a “d” rating to a “c-” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded shares of Gannett Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Noble Financial reiterated a “buy” rating on shares of Gannett Co. in a research note on Sunday, May 14th. Finally, ValuEngine upgraded shares of Gannett Co. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.00.

A number of hedge funds have recently added to or reduced their stakes in the business. Miles Capital Inc. increased its stake in Gannett Co. by 0.3% during the first quarter. Miles Capital Inc. now owns 17,702 shares of the company’s stock valued at $148,000 after purchasing an additional 48 shares during the last quarter. Bank of Montreal Can increased its stake in Gannett Co. by 0.7% during the second quarter. Bank of Montreal Can now owns 12,571 shares of the company’s stock valued at $110,000 after purchasing an additional 89 shares during the last quarter. National Asset Management Inc. increased its stake in Gannett Co. by 1.9% during the second quarter. National Asset Management Inc. now owns 19,029 shares of the company’s stock valued at $167,000 after purchasing an additional 356 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Gannett Co. by 1.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 43,910 shares of the company’s stock valued at $368,000 after purchasing an additional 440 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in Gannett Co. by 0.8% during the second quarter. Texas Permanent School Fund now owns 82,928 shares of the company’s stock valued at $723,000 after purchasing an additional 692 shares during the last quarter. Hedge funds and other institutional investors own 81.63% of the company’s stock.

Gannett Co. (GCI) opened at 8.37 on Friday. The firm’s market cap is $951.63 million. The stock has a 50 day moving average of $8.61 and a 200 day moving average of $8.40. Gannett Co. has a one year low of $7.30 and a one year high of $12.39.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 annualized dividend and a yield of 7.65%. Gannett Co.’s payout ratio is -3,200.00%.

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Gannett Co. Company Profile

Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.

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Earnings History and Estimates for Gannett Co. (NYSE:GCI)

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