Equities analysts predict that Gannett Co Inc (NYSE:GCI) will post $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Gannett’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.47. Gannett posted earnings per share of $0.50 in the same quarter last year, which would suggest a negative year over year growth rate of 6%. The firm is expected to issue its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Gannett will report full-year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.93 to $0.95. For the next year, analysts forecast that the business will report earnings of $0.81 per share, with EPS estimates ranging from $0.70 to $0.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Gannett.

Gannett (NYSE:GCI) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Gannett had a return on equity of 13.25% and a net margin of 1.43%. The company had revenue of $744.30 million during the quarter, compared to analysts’ expectations of $762.97 million. During the same quarter in the previous year, the firm earned ($0.21) EPS. Gannett’s revenue was down 3.6% on a year-over-year basis.

Separately, Zacks Investment Research raised Gannett from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Buy”.

Gannett (GCI) opened at $11.84 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. Gannett has a fifty-two week low of $7.36 and a fifty-two week high of $12.38. The company has a market capitalization of $1,320.00 and a price-to-earnings ratio of 25.74.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Tuesday, December 12th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.41%. Gannett’s dividend payout ratio (DPR) is currently 139.13%.

In other news, insider John M. Zidich sold 17,954 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $10.71, for a total transaction of $192,287.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 20,579 shares of company stock valued at $222,035 in the last three months. 0.74% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of GCI. Stifel Financial Corp bought a new stake in Gannett during the 2nd quarter worth $113,000. Koch Industries Inc. bought a new stake in Gannett during the 2nd quarter worth $127,000. National Asset Management Inc. grew its position in Gannett by 1.9% during the 2nd quarter. National Asset Management Inc. now owns 19,029 shares of the company’s stock worth $167,000 after acquiring an additional 356 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Gannett during the 2nd quarter worth $214,000. Finally, Verition Fund Management LLC bought a new stake in Gannett during the 2nd quarter worth $219,000. Institutional investors and hedge funds own 84.66% of the company’s stock.

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About Gannett

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 (NYSE:GCI)

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