Gannett (GCI) to Release Earnings on Thursday

Gannett (NYSE:GCI) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 31st. Parties that wish to listen to the company’s conference call can do so using this link.

Gannett (NYSE:GCI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.25. The business had revenue of $639.84 million during the quarter. Gannett had a negative return on equity of 17.12% and a negative net margin of 3.71%.

Gannett Stock Up 3.7 %

Shares of GCI opened at $5.54 on Thursday. The company’s 50-day moving average price is $5.23 and its 200 day moving average price is $4.35. Gannett has a 12-month low of $1.66 and a 12-month high of $5.93. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 3.83. The firm has a market cap of $816.68 million, a P/E ratio of -6.36 and a beta of 2.49.

Analysts Set New Price Targets

Several brokerages have recently commented on GCI. JMP Securities upgraded shares of Gannett to a “strong-buy” rating in a report on Friday, August 2nd. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and set a $5.10 target price on the stock in a research report on Tuesday, September 17th.

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.