Gannett (NYSE:GCI – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10, Zacks reports. Gannett had a negative net margin of 4.44% and a negative return on equity of 12.16%.
Gannett Trading Down 5.1 %
Shares of NYSE GCI traded down $0.25 during mid-day trading on Thursday, hitting $4.56. The company’s stock had a trading volume of 1,029,924 shares, compared to its average volume of 979,448. The stock has a market cap of $671.45 million, a price-to-earnings ratio of -5.62 and a beta of 2.53. The company’s fifty day simple moving average is $4.93 and its 200-day simple moving average is $5.08. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. Gannett has a one year low of $1.95 and a one year high of $5.93.
Wall Street Analyst Weigh In
Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $6.00 target price on shares of Gannett in a research note on Monday, January 27th.
Gannett Company Profile
Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.
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