Gannett Co., Inc. (NYSE:GCI) released its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.05, Bloomberg Earnings reports. Gannett Co. had a net margin of 1.43% and a return on equity of 13.30%. The business had revenue of $744.30 million for the quarter, compared to analysts’ expectations of $762.97 million. During the same quarter last year, the company earned ($0.21) EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.

Shares of Gannett Co. (NYSE GCI) traded up $0.97 on Friday, reaching $9.77. 1,960,000 shares of the company were exchanged, compared to its average volume of 932,610. The company has a market cap of $1,090.00 and a price-to-earnings ratio of 8.98. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. Gannett Co. has a 12-month low of $7.36 and a 12-month high of $10.30.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Tuesday, December 12th will be given a $0.16 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.64 dividend on an annualized basis and a yield of 6.55%. Gannett Co.’s dividend payout ratio is presently 139.13%.

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A number of research firms recently weighed in on GCI. Zacks Investment Research cut shares of Gannett Co. from a “hold” rating to a “strong sell” rating in a report on Monday, October 9th. BidaskClub raised shares of Gannett Co. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised shares of Gannett Co. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold”.

About Gannett Co.

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.

Earnings History for Gannett Co. (NYSE:GCI)

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