Gannett Co Inc. (NYSE:GCI)’s traded shares stood at 0.64 million during the last session, with the company’s beta value hitting 2.49. At the close of trading, the stock’s price was $5.69, to imply an increase of 4.79% or $0.26 in intraday trading. The GCI share’s 52-week high remains $5.93, putting it -4.22% down since that peak but still an impressive 70.83% since price per share fell to its 52-week low of $1.66. The company has a valuation of $839.84M, with an average of 1.69 million shares in intraday trading volume over the past 10 days and average of 1.67 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Gannett Co Inc. (GCI), translating to a mean rating of 2.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GCI a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
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Gannett Co Inc. (NYSE:GCI) trade information
After registering a 4.79% upside in the last session, Gannett Co Inc. (GCI) has traded red over the past five days. The 5-day price performance for the stock is 0.89%, and 18.79% over 30 days. With these gigs, the year-to-date price performance is 147.39%. Short interest in Gannett Co Inc. (NYSE:GCI) saw shorts transact 14.01 million shares and set a 7.43 days time to cover.
The extremes give us $5.1 and $6 for target low and target high price respectively. As such, GCI has been trading -5.45% off suggested target high and 10.37% from its likely low.
Gannett Co Inc. (GCI) estimates and forecasts
Revenue is forecast to shrink -250.00% this quarter before jumping 106.20% for the next one. The rating firms project that company’s revenue will shrink -3.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 635.21M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 666.24M.Earnings reports from the last fiscal year show that sales brought in 652.87M and 669.4M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.70% before dropping -0.50% in the following quarter.
GCI Dividends
Gannett Co Inc. has its next earnings report out on 2024-Oct-31. 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. The company’s average dividend yield trailing the past 5-year period is 18.87%.
Gannett Co Inc. (NYSE:GCI)’s Major holders
Gannett Co Inc. insiders hold 4.99% of total outstanding shares, with institutional holders owning 74.82% of the shares at 78.75% float percentage. In total, 74.82% institutions holds shares in the company, led by APOLLO MANAGEMENT HOLDINGS, L.P.. As of 2024-06-30, the company held over 13.17 million shares (or 9.3524% of shares), all amounting to roughly $60.69 million.
The next major institution holding the largest number of shares is ALTA FUNDAMENTAL ADVISERS LLC with 13.15 million shares, or about 9.3387% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $60.61 million.
