Analysts See $0.22 EPS for Gannett Co Inc (GCI)

July 17, 2017 - By Winifred Garcia

 Analysts See $0.22 EPS for Gannett Co Inc (GCI)
Investors sentiment increased to 0.5 in Q4 2016. Its up 0.50, from 0 in 2016Q3. It improved, as 1 investors sold Gannett Co Inc shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 76,812 shares or 21.80% less from 98,222 shares in 2016Q3 were reported.
Gemmer Asset Management Ltd Liability reported 0% stake. Moreover, Gulf Commercial Bank (Uk) has 0.02% invested in Gannett Co Inc (NYSE:GCI) for 63,910 shares. Marshwinds Advisory has invested 0.13% in Gannett Co Inc (NYSE:GCI).

Since February 28, 2017, it had 0 insider buys, and 4 selling transactions for $1.15 million activity. ELIAS HOWARD D sold 4,883 shares worth $127,838. 3,340 shares were sold by Williams John A, worth $86,288. 11,554 shares valued at $296,775 were sold by Mayman Todd A. on Tuesday, February 28. 24,644 shares valued at $637,565 were sold by Behan William A. on Tuesday, March 7.

Analysts await Gannett Co Inc (NYSE:GCI) to report earnings on July, 26. They expect $0.22 EPS, down 26.67 % or $0.08 from last year’s $0.3 per share. GCI’s profit will be $25.55 million for 10.08 P/E if the $0.22 EPS becomes a reality. After $0.14 actual EPS reported by Gannett Co Inc for the previous quarter, Wall Street now forecasts 57.14 % EPS growth. The stock increased 1.14% or $0.1 during the last trading session, reaching $8.87. About 815,648 shares traded. Gannett Co Inc (NYSE:GCI) has declined 53.54% since July 18, 2016 and is downtrending. It has underperformed by 70.24% the S&P500.

Gannett Co Inc (NYSE:GCI) Ratings Coverage

Among 6 analysts covering Gannett (NYSE:GCI), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Gannett had 11 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was initiated by Argus Research with “Hold” on Tuesday, September 8. The firm earned “Hold” rating on Monday, July 11 by Jefferies. The firm has “Buy” rating by Argus Research given on Thursday, November 5. On Monday, February 13 the stock rating was downgraded by Argus Research to “Hold”. The firm earned “Hold” rating on Tuesday, September 1 by Zacks. The rating was maintained by with “Hold” on Monday, October 10. The rating was initiated by Cantor Fitzgerald on Wednesday, October 7 with “Buy”. The stock has “Buy” rating by Noble Financial on Wednesday, November 2. JP Morgan maintained the shares of GCI in report on Monday, November 2 with “Neutral” rating. The stock of Gannett Co Inc (NYSE:GCI) earned “Hold” rating by Argus Research on Friday, September 4.

Gannett Co., Inc. is a media company. The company has market cap of $1.03 billion. The Firm operates as a newspaper publisher in the United States. It has a 55.63 P/E ratio. As of December 25, 2016, it owned ReachLocal, Inc. , 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. (Newsquest), the Company’s subsidiary operating in the United Kingdom.

More notable recent Gannett Co Inc (NYSE:GCI) news were published by: Reuters.com which released: “BRIEF-Gannett announces appointment of Matthew Barzun to board” on July 05, 2017, also Businesswire.com with their article: “Gannett to Webcast Discussion of Its Second Quarter 2017 Results” published on July 13, 2017, Usatoday.com published: “John Quinn, former editor in chief of USA TODAY, dies” on July 12, 2017. More interesting news about Gannett Co Inc (NYSE:GCI) were released by: Businesswire.com and their article: “Gannett Announces Appointment of New Board Member” published on July 05, 2017 as well as Seekingalpha.com‘s news article titled: “Gannett: A Strong Media Play For The Next 18 Months” with publication date: June 29, 2017.

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