Gannett Co Inc (GCI) Issues Quarterly Earnings Results
Gannett Co Inc (NYSE:GCI) released its quarterly earnings data on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. The company earned $867 million during the quarter, compared to analysts’ expectations of $847.33 million. Gannett Co had a net margin of 1.44% and a return on equity of 12.56%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS.
Gannett Co (NYSE:GCI) traded up 0.34% during midday trading on Thursday, reaching $8.78. 1,339,222 shares of the company’s stock traded hands. The firm’s 50-day moving average is $9.53 and its 200-day moving average is $10.38. Gannett Co has a 1-year low of $7.30 and a 1-year high of $17.72. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.95 and a beta of 0.73.
This article was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this article can be read at http://www.watchlistnews.com/tegna-inc-gci-issues-earnings-results-beats-expectations-by-0-08-eps/1107873.html.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Gannett Co from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. Noble Financial lowered their price objective on shares of Gannett Co from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd.
About Gannett Co
Gannett Co, Inc is an international, multi-platform news and information company. The Company is a local content provider in the United States, operating in over 30 states and Guam. Its operations comprise approximately 110 daily publications and digital platforms in the United States and the United Kingdom, over 400 non-daily publications in the United States, and approximately 150 such titles in the United Kingdom.
Receive News & Ratings for Gannett Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gannett Co Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.