Equities analysts predict that Gannett Co., Inc. (NYSE:GCI) will report $771.52 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Gannett Co.’s earnings, with estimates ranging from $760.00 million to $787.55 million. Gannett Co. reported sales of $772.32 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.1%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Gannett Co. will report full-year sales of $771.52 million for the current fiscal year, with estimates ranging from $3.15 billion to $3.18 billion. For the next year, analysts anticipate that the company will post sales of $3.05 billion per share, with estimates ranging from $2.98 billion to $3.20 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Gannett Co..

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

GCI has been the subject of a number of research analyst reports. ValuEngine upgraded Gannett Co. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Gannett Co. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet upgraded Gannett Co. from a “d” rating to a “c-” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research upgraded Gannett Co. from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Several hedge funds and other institutional investors have recently modified their holdings of GCI. Russell Investments Group Ltd. raised its stake in shares of Gannett Co. by 300.5% in the first quarter. Russell Investments Group Ltd. now owns 61,193 shares of the company’s stock valued at $513,000 after purchasing an additional 45,913 shares in the last quarter. Swiss National Bank raised its stake in shares of Gannett Co. by 3.3% in the first quarter. Swiss National Bank now owns 182,208 shares of the company’s stock valued at $1,527,000 after purchasing an additional 5,800 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Gannett Co. by 34.7% in the first quarter. UBS Asset Management Americas Inc. now owns 70,540 shares of the company’s stock valued at $591,000 after purchasing an additional 18,156 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Gannett Co. in the first quarter valued at $386,000. Finally, Oxford Asset Management acquired a new position in shares of Gannett Co. in the first quarter valued at $161,000. Institutional investors and hedge funds own 81.68% of the company’s stock.

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Gannett Co. (GCI) opened at 9.57 on Thursday. Gannett Co. has a one year low of $7.30 and a one year high of $10.66. The stock has a 50 day moving average of $8.86 and a 200-day moving average of $8.52. The stock’s market cap is $1.09 billion.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Tuesday, December 12th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.69%. Gannett Co.’s payout ratio is -3,200.00%.

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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