|Bid||4.0000 x 3100|
|Ask||4.1800 x 1300|
|Day's Range||3.9000 - 4.2200|
|52 Week Range||0.6300 - 6.8200|
|Beta (5Y Monthly)||2.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Oct 31, 2019|
|1y Target Est||1.57|
Moody's Investors Service ("Moody's") assigned a B3 corporate family rating (CFR) and a B3-PD probability of default rating (PDR) to Gannett Co. Inc., ("Gannett" or the "company"). Moody's also assigned a B1 rating to Gannett Holdings, LLC's proposed $1.045 billion term loan due 2026.
USA Today parent Gannett Co. Inc. provided a fourth-quarter revenue outlook that was above expectations, amid strength in advertising. The media company expects revenue of $865 million to $875 million, up from $699.3 million a year ago. The one analyst that provided an estimate with FactSet was expecting $857 million. Gannett also expects a net loss of $135 million to $130 million. "Revenue improvement was primarily driven by a continued rebound in our advertising trends, both print and digital," said Chief Executive Michael Reed. "We also continued to see strong digital-only circulation pro forma revenue performance with an increase of approximately 46% year-over-year." The stock, which is still inactive in premarket trading, has soared 171.9% over the past three months while the S&P 500 has gained 10.0%.
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today reported its preliminary financial results for the fourth quarter ended December 31, 2020.