News stories about Gannett (NYSE:GCI) have trended positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gannett earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.3797364121823 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Form 3 Gannett Co., Inc. For: May 08 Filed by: Meza Alex (streetinsider.com)
- Zacks: Analysts Anticipate Gannett (GCI) to Announce $0.19 Earnings Per Share (americanbankingnews.com)
- Gannett acquiring marketing software company WordStream (newsandtech.com)
- Gannett to purchase digital marketing startup (pitchbook.com)
- Blog Exposure – Gannett to Acquire WordStream for $130 million in Cash (finance.yahoo.com)
A number of brokerages recently issued reports on GCI. ValuEngine lowered shares of Gannett from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 3rd. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a report on Thursday, May 10th.
Shares of GCI opened at $11.44 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. Gannett has a 12-month low of $11.30 and a 12-month high of $11.57. The stock has a market capitalization of $1.29 billion, a P/E ratio of 11.11 and a beta of 0.95.
Gannett (NYSE:GCI) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.10. Gannett had a net margin of 0.28% and a return on equity of 12.59%. The firm had revenue of $722.95 million during the quarter, compared to analyst estimates of $721.63 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Gannett’s quarterly revenue was down 6.5% on a year-over-year basis. equities research analysts anticipate that Gannett will post 1.04 EPS for the current year.
Gannett declared that its board has approved a share buyback plan on Tuesday, May 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Monday, June 11th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 8th. This represents a $0.64 dividend on an annualized basis and a yield of 5.59%. Gannett’s payout ratio is currently 62.14%.
In other Gannett news, SVP Barbara W. Wall sold 10,954 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $10.43, for a total value of $114,250.22. Following the transaction, the senior vice president now owns 18,023 shares of the company’s stock, valued at $187,979.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alison K. Engel bought 4,300 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was bought at an average cost of $11.61 per share, for a total transaction of $49,923.00. Following the transaction, the chief financial officer now directly owns 42,690 shares of the company’s stock, valued at $495,630.90. The disclosure for this purchase can be found here. Insiders sold 78,673 shares of company stock worth $804,778 in the last ninety days. 1.06% of the stock is currently owned by corporate insiders.
Gannett Company Profile
Gannett Co, Inc operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. The company offers print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 170 news brands and 80 magazines in the United Kingdom.
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