Gannett (NYSE:GCI – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10, Zacks reports. Gannett had a negative return on equity of 12.16% and a negative net margin of 4.44%.
Gannett Price Performance
Gannett stock traded down $0.30 during mid-day trading on Thursday, hitting $4.51. 816,578 shares of the company were exchanged, compared to its average volume of 974,956. Gannett has a 12-month low of $1.95 and a 12-month high of $5.93. The business’s 50 day simple moving average is $4.93 and its two-hundred 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. The company has a market capitalization of $664.08 million, a P/E ratio of -5.56 and a beta of 2.53.
Wall Street Analyst Weigh In
Separately, JMP Securities reissued a “market outperform” rating and set a $6.00 price target on shares of Gannett in a research report on Monday, January 27th.
About Gannett
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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