Headlines about Gannett (NYSE:GCI) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gannett earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 50.0506309286849 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

A number of brokerages have weighed in on GCI. TheStreet raised shares of Gannett from a “c” rating to a “b-” rating in a research note on Friday, June 22nd. ValuEngine raised shares of Gannett from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Noble Financial set a $17.00 price target on shares of Gannett and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th. Finally, JPMorgan Chase & Co. downgraded shares of Gannett from a “neutral” rating to an “underweight” rating and set a $10.00 price target for the company. in a research note on Friday, July 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.50.

Shares of GCI traded up $0.06 on Friday, reaching $10.26. 1,315,071 shares of the company’s stock were exchanged, compared to its average volume of 1,176,753. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 9.96 and a beta of 0.95. Gannett has a 12 month low of $7.94 and a 12 month high of $12.38.

Gannett (NYSE:GCI) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. The business had revenue of $730.77 million during the quarter, compared to the consensus estimate of $739.17 million. Gannett had a net margin of 0.83% and a return on equity of 13.14%. Gannett’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. analysts expect that Gannett will post 1.04 EPS for the current year.

Gannett announced that its board has authorized a share buyback program on Tuesday, May 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 24th. Investors of record on Monday, September 10th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, September 7th. Gannett’s dividend payout ratio (DPR) is 62.14%.

In related news, insider Andrew T. Yost sold 5,175 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $10.39, for a total transaction of $53,768.25. Following the completion of the sale, the insider now directly owns 7,034 shares of the company’s stock, valued at $73,083.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.06% of the company’s stock.

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.

Read More: Price to Earnings Ratio (PE)

Insider Buying and Selling by Quarter for Gannett (NYSE:GCI)

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