Equities research analysts forecast that Gannett Co Inc (NYSE:GCI) will post $0.47 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Gannett’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.46. Gannett reported 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 scheduled to issue its next earnings report on Thursday, February 8th.

On average, analysts expect that Gannett will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $0.95. For the next year, analysts forecast that the firm will report earnings of $0.85 per share, with EPS estimates ranging from $0.76 to $0.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Gannett.

Gannett (NYSE:GCI) last released its earnings results on Thursday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm had revenue of $744.30 million during the quarter, compared to analyst estimates of $762.97 million. Gannett had a net margin of 1.43% and a return on equity of 13.25%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned ($0.21) earnings per share.

Several brokerages recently weighed in on GCI. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of Gannett from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Gannett currently has a consensus rating of “Buy”.

In related news, insider John M. Zidich sold 17,954 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $10.71, for a total transaction of $192,287.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 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 large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Gannett by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,732,518 shares of the company’s stock worth $93,588,000 after purchasing an additional 439,304 shares during the period. Dimensional Fund Advisors LP grew its position in Gannett by 10.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,751,566 shares of the company’s stock worth $60,764,000 after purchasing an additional 641,893 shares during the period. State Street Corp grew its position in Gannett by 3.1% in the 2nd quarter. State Street Corp now owns 3,165,173 shares of the company’s stock worth $27,595,000 after purchasing an additional 96,469 shares during the period. Schwab Charles Investment Management Inc. grew its position in Gannett by 15.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,797,837 shares of the company’s stock worth $16,181,000 after purchasing an additional 234,682 shares during the period. Finally, FMR LLC grew its position in Gannett by 5.9% in the 2nd quarter. FMR LLC now owns 1,793,801 shares of the company’s stock worth $15,642,000 after purchasing an additional 99,229 shares during the period. 84.77% of the stock is owned by institutional investors and hedge funds.

Shares of Gannett (GCI) opened at $11.09 on Wednesday. The firm has a market cap of $1,265.22, a P/E ratio of 11.55 and a beta of 0.85. 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 1 year low of $7.36 and a 1 year high of $12.38.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Tuesday, December 12th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Monday, December 11th. Gannett’s dividend payout ratio (DPR) is currently 164.11%.

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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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