Timing, Fundamentals, and Diversification of Gannett Co. Inc. (GCI)

Gannett Co. Inc. (NYSE: GCI) closed the day trading at $2.16 up 1.41% from the previous closing price of $2.13. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 1390727 shares were traded. GCI stock price reached its highest trading level at $2.2330 during the session, while it also had its lowest trading level at $2.1500.

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For a better understanding of GCI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 3.93 whereas as Long-Term Debt/Eq ratio is at 3.72.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 14 when Tarica Laurence bought 100,000 shares for $2.25 per share. The transaction valued at 225,000 led to the insider holds 753,244 shares of the business.

Reed Michael bought 500,000 shares of GCI for $1,220,000 on Aug 08. The Chief Executive Officer now owns 1,836,335 shares after completing the transaction at $2.44 per share. On May 25, another insider, Louis John Jeffry, who serves as the Director of the company, sold 7,604 shares for $3.64 each. As a result, the insider received 27,679 and left with 0 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 1.00.

Stock Price History:

Over the past 52 weeks, GCI has reached a high of $4.86, while it has fallen to a 52-week low of $1.25. The 50-Day Moving Average of the stock is 2.4460, while the 200-Day Moving Average is calculated to be 2.3889.

Shares Statistics:

Over the past 3-months, GCI traded about 1.10M shares per day on average, while over the past 10 days, GCI traded about 1.09M shares per day. A total of 137.04M shares are outstanding, with a floating share count of 134.12M. Insiders hold about 1.50% of the company’s shares, while institutions hold 69.60% stake in the company. Shares short for GCI as of Jan 12, 2023 were 13.47M with a Short Ratio of 14.50M, compared to 15.89M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.22% and a Short% of Float of 11.27%.

Earnings Estimates

Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.15, while EPS last year was -$0.17. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between -$0.13 and -$0.13 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is -$0.19, with 2 analysts recommending between $0.04 and -$0.41.

Revenue Estimates

1 analysts predict $744.5M in revenue for the current quarter. It ranges from a high estimate of $744.5M to a low estimate of $744.5M. As of the current estimate, Gannett Co. Inc.’s year-ago sales were $826.54M, an estimated decrease of -9.90% from the year-ago figure.

A total of 2 analysts have provided revenue estimates for GCI’s current fiscal year. The highest revenue estimate was $2.97B, while the lowest revenue estimate was $2.96B, resulting in an average revenue estimate of $2.97B. In the same quarter a year ago, actual revenue was $3.21B, down -7.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $2.83B in the next fiscal year. The high estimate is $2.86B and the low estimate is $2.8B. The average revenue growth estimate for next year is down -4.60% from the average revenue estimate for this year.