After finishing at $2.45 in the prior trading day, Gannett Co Inc. (NYSE: GCI) closed at $2.40, down -2.04%. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 983206 shares were traded. GCI stock price reached its highest trading level at $2.4500 during the session, while it also had its lowest trading level at $2.3100.
Ratios:
Our goal is to gain a better understanding of GCI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.33. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 4.07 whereas as Long-Term Debt/Eq ratio is at 3.73.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Compass Point on December 12, 2023, initiated with a Buy rating and assigned the stock a target price of $5.
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 Nov 16 ’23 when Tarica Laurence bought 200,000 shares for $1.85 per share. The transaction valued at 370,000 led to the insider holds 1,008,799 shares of the business.
Reed Michael bought 60,000 shares of GCI for $120,600 on Nov 06 ’23. The Chief Executive Officer now owns 3,304,323 shares after completing the transaction at $2.01 per share. On Aug 14 ’23, another insider, Reed Michael, who serves as the Chief Executive Officer of the company, bought 80,000 shares for $3.29 each. As a result, the insider paid 263,200 and bolstered with 3,244,323 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GCI now has a Market Capitalization of 364.60M and an Enterprise Value of 1.56B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 0.59 whereas that against EBITDA is 5.81.
Stock Price History:
Over the past 52 weeks, GCI has reached a high of $3.60, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 2.2244, while the 200-Day Moving Average is calculated to be 2.4082.
Shares Statistics:
The stock has traded on average 650.33K shares per day over the past 3-months and 680.21k shares per day over the last 10 days, according to various share statistics. A total of 148.94M shares are outstanding, with a floating share count of 123.49M. Insiders hold about 17.02% of the company’s shares, while institutions hold 61.33% stake in the company. Shares short for GCI as of Mar 15, 2024 were 16.12M with a Short Ratio of 24.40, compared to 15.26M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.83% and a Short% of Float of 13.53%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 18.87.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.33 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.55, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.03 and low estimates of -$0.05.
Analysts are recommending an EPS of between $0.04 and -$0.43 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is $0.25, with 3 analysts recommending between $0.34 and $0.15.
Revenue Estimates
3 analysts predict $626.8M in revenue for the current quarter. It ranges from a high estimate of $630.3M to a low estimate of $622.32M. As of the current estimate, Gannett Co Inc.’s year-ago sales were $668.92M, an estimated decrease of -6.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $641.23M, a decrease of -4.60% over than the figure of -$6.30% in the same quarter last year. There is a high estimate of $648.66M for the next quarter, whereas the lowest estimate is $635.5M.
A total of 3 analysts have provided revenue estimates for GCI’s current fiscal year. The highest revenue estimate was $2.62B, while the lowest revenue estimate was $2.54B, resulting in an average revenue estimate of $2.57B. In the same quarter a year ago, actual revenue was $2.66B, down -3.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $2.55B in the next fiscal year. The high estimate is $2.63B and the low estimate is $2.48B. The average revenue growth estimate for next year is down -0.90% from the average revenue estimate for this year.
