Robert J. Dickey Sells 19,533 Shares of Gannett Co Inc (GCI) Stock
Gannett Co Inc (NYSE:GCI) CEO Robert J. Dickey sold 19,533 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $10.35, for a total transaction of $202,166.55. Following the sale, the chief executive officer now directly owns 224,986 shares of the company’s stock, valued at approximately $2,328,605.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Gannett Co Inc (GCI) traded up $0.52 on Friday, hitting $10.73. 1,040,478 shares of the company were exchanged, compared to its average volume of 930,111. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.09 and a quick ratio of 1.09. Gannett Co Inc has a 12-month low of $7.36 and a 12-month high of $12.38. The stock has a market capitalization of $1,200.00 and a price-to-earnings ratio of 178.83.
Gannett (NYSE:GCI) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.09. Gannett had a net margin of 0.22% and a return on equity of 13.92%. The firm had revenue of $854.00 million during the quarter, compared to analyst estimates of $848.74 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Gannett’s quarterly revenue was down 1.5% on a year-over-year basis. equities analysts anticipate that Gannett Co Inc will post 0.81 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Gannett from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Gannett from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy”.
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Gannett Company Profile
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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