In the last trading session, 1.52 million Gannett Co Inc (NYSE:GCI) shares changed hands as the company’s beta touched 2.19. With the company’s per share price at $3.02 changed hands at -$0.05 or -1.63% during last session, the market valuation stood at $445.05M. GCI’s last price was a discount, traded about -96.36% off its 52-week high of $5.93. The share price had its 52-week low at $1.97, which suggests the last value was 34.77% up since then. When we look at Gannett Co Inc’s average trading volume, we note the 10-day average is 1.73 million shares, with the 3-month average coming to 1.18 million.
Analysts gave the Gannett Co Inc (GCI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended GCI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Gannett Co Inc’s EPS for the current quarter is expected to be 0.01.
Gannett Co Inc (NYSE:GCI) trade information
Instantly GCI was in red as seen at the end of in last trading. With action -7.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.32%, with the 5-day performance at -7.93% in the red. However, in the 30-day time frame, Gannett Co Inc (NYSE:GCI) is -38.99% down. Looking at the short shares, we see there were 12.29 million shares sold at short interest cover period of 10.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.55, meaning bulls need an upside of 45.59% from its current market value. According to analyst projections, GCI’s forecast low is 5.1 with 6 as the target high. To hit the forecast high, the stock’s price needs a -98.68% plunge from its current level, while the stock would need to soar -68.87% for it to hit the projected low.
Gannett Co Inc (GCI) estimates and forecasts
Year-over-year growth is forecast to reach -3.90% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 592.97M. 3 analysts are of the opinion that Gannett Co Inc’s revenue for the current quarter will be 604.18M. The company’s revenue for the corresponding quarters a year ago was 635.76M and 639.84M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.73%. The estimates for the next quarter sales put growth at -5.57%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 36.36%. The 2025 estimates are for Gannett Co Inc earnings to decrease by -115.23%, but the outlook for the next 5-year period is at 32.47% per year.
GCI Dividends
Gannett Co Inc is expected to release its next quarterly earnings report on 2025-Feb-19. During the past 5 years, the average dividend yield was 18.87 per year.
Gannett Co Inc (NYSE:GCI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.94% of Gannett Co Inc shares while 81.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.96%. There are 81.72% institutions holding the Gannett Co Inc stock share, with APOLLO MANAGEMENT HOLDINGS, L.P. the top institutional holder. As of 2024-06-30, the company held 9.218% of the shares, roughly 13.17 million GCI shares worth $60.69 million.
ALTA FUNDAMENTAL ADVISERS LLC holds the second largest percentage of outstanding shares, with 9.2045% or 13.15 million shares worth $60.61 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 4.41 shares estimated at $13.33 million under it, the former controlled 2.99% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.64% of the shares, roughly 3.89 shares worth around $11.74 million.
