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

July 17, 2017 - By Darrin Black

 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.
Gulf Bancshares (Uk) Ltd stated it has 0.02% of its portfolio in Gannett Co Inc (NYSE:GCI). Marshwinds Advisory owns 0.13% invested in Gannett Co Inc (NYSE:GCI) for 12,336 shares. 566 were reported by Gemmer Asset Mgmt Ltd Liability Corporation.

Since February 28, 2017, it had 0 insider purchases, and 4 insider sales for $1.15 million activity. $296,775 worth of Gannett Co Inc (NYSE:GCI) was sold by Mayman Todd A. on Tuesday, February 28. $637,565 worth of Gannett Co Inc (NYSE:GCI) was sold by Behan William A.. 3,340 Gannett Co Inc (NYSE:GCI) shares with value of $86,288 were sold by Williams John A. 4,883 shares were sold by ELIAS HOWARD D, worth $127,838.

Wall Street await Gannett Co Inc (NYSE:GCI) to release earnings on July, 26. Analysts forecast EPS of $0.22, down exactly $0.08 or 26.67 % from 2014’s $0.3 EPS. The expected GCI’s profit could reach $25.55 million giving the stock 10.08 P/E in the case that $0.22 earnings per share is reported. After posting $0.14 EPS for the previous quarter, Gannett Co Inc’s analysts now forecast 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 Cantor Fitzgerald on Wednesday, October 7 with “Buy”. Jefferies maintained Gannett Co Inc (NYSE:GCI) rating on Monday, July 11. Jefferies has “Hold” rating and $15 target. maintained Gannett Co Inc (NYSE:GCI) rating on Monday, October 10. has “Hold” rating and $12 target. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Hold”. Argus Research initiated the shares of GCI in report on Tuesday, September 8 with “Hold” rating. The stock has “Hold” rating by Argus Research on Monday, February 13. The rating was upgraded by Argus Research on Thursday, November 5 to “Buy”. The rating was maintained by Noble Financial on Wednesday, November 2 with “Buy”. The rating was maintained by JP Morgan with “Neutral” on Monday, November 2. On Friday, September 4 the stock rating was initiated by Argus Research with “Hold”.

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: Usatoday.com which released: “John Quinn, former editor in chief of USA TODAY, dies” on July 12, 2017, also Reuters.com with their article: “BRIEF-Gannett announces appointment of Matthew Barzun to board” published on July 05, 2017, Seekingalpha.com published: “Gannett: A Strong Media Play For The Next 18 Months” on June 29, 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 Businesswire.com‘s news article titled: “Gannett to Webcast Discussion of Its Second Quarter 2017 Results” with publication date: July 13, 2017.

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