Should Gannett Co Inc. (NYSE: GCI) Rally After -9.42% Drop From High?

Gannett Co Inc. (NYSE:GCI)’s traded shares stood at 1.51 million during the last session, with the company’s beta value hitting 2.36. At the close of trading, the stock’s price was $3.29, to imply an increase of 4.78% or $0.15 in intraday trading. The GCI share’s 52-week high remains $3.60, putting it -9.42% down since that peak but still an impressive 49.54% since price per share fell to its 52-week low of $1.66. The company has a valuation of $485.44M, with an average of 882.82K shares over the past 3 months.

Gannett Co Inc. (NYSE:GCI) trade information

After registering a 4.78% upside in the last session, Gannett Co Inc. (GCI) has traded red over the past five days. The stock hit a weekly high of 3.32, jumping 4.78% in its intraday price action. The 5-day price performance for the stock is 7.52%, and 37.08% over 30 days. With these gigs, the year-to-date price performance is 43.04%.

Gannett Co Inc. (GCI) estimates and forecasts

The rating firms project that company’s revenue will shrink -3.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 640.6M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 636.27M.Earnings reports from the last fiscal year show that sales brought in 672.36M and 652.87M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -4.70% before dropping -2.50% in the following quarter.

GCI Dividends

Gannett Co Inc. has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Gannett Co Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.