|Bid||1.7000 x 4000|
|Ask||1.7800 x 4000|
|Day's Range||1.5300 - 1.7950|
|52 Week Range||0.6300 - 10.0000|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Oct 31, 2019|
|1y Target Est||0.75|
Gannett (GCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What happened Shares of digital media and marketing company Gannett (NYSE: GCI) are trading sharply higher on Friday, but there's no clear catalyst to explain the move. Usual stock-moving factors like earnings reports, analyst calls, and short squeezes aren't in play here.
Gannett Co., Inc. ("Gannett", the "Company") (NYSE: GCI) announced today that it will release its second quarter 2020 financial results on Thursday, August 6, 2020, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, August 6, 2020 at 8:30 A.M. Eastern Time. A copy of the earnings release will be posted to the Investor Relations section of Gannett’s website, investors.gannett.com.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Rugged Races, a subsidiary of Gannett Co. Inc. (NYSE: GCI), today announces a nationwide Wonder Woman-themed "virtual run" under an official licensing agreement with Warner Bros., with additional virtual runs based on popular DC Comics and Warner Bros. characters planned for 2020 and beyond.
Gannett Co., Inc. ("Gannett", the "Company") (NYSE: GCI) announced today that the Board of Directors ("The Board") has decided to streamline the operating structure of the Company by eliminating the position of CEO of the operating company, Gannett Media Corp. ("Gannett Media"). Given this decision, the Board and Paul Bascobert have mutually agreed for Mr. Bascobert to terminate his employment with the Company. Mr. Bascobert’s departure is not the result of any inappropriate action by Mr. Bascobert, any violation of company policy, any accounting irregularity or any material deterioration in the business of the Company.
Shares of New York Times Co. shot up 3.3% toward a 16-year high in afternoon trading Monday, after J.P. Morgan said research checks suggest the media company is seeing continued momentum for subscriber growth as a result of the protests over the killing of George Floyd by a Minneapolis police officer. J.P. Morgan analyst Alexia Quadrani reiterated the overweight rating she's had on the stock since April 2018, but raised her price target to $50, which is 19% above current levels, from $42. She said that while growth of monthly active users and mobile app downloads have slowed since the heights of the COVID-19 pandemic in March and April, "recent protests appeared to have contributed to elevated growth for both metrics." Quadrani said the company has succeeded in raising prices on promotional subscribers, with about 690,000 tenured subscribers "graduated" to the higher $17 price point. She also noted that other media companies have suggested that advertising spending bottomed out in April. She also said The stock is on track to close at the highest price since August 2004. It has run up 30.2% in 2020, while USA Today parent Gannett Co. Inc. shares have lost 67% and the S&P 500 has declined 4.9%.
Gannett Ventures, part of Gannett Co., Inc. (NYSE: GCI), is pivoting its annual USA TODAY High School Sports Awards series, the largest high school athlete recognition program in the U.S., from live community events, into star-studded on-demand award shows that will broadcast online on Thursday, June 18th.
|Downgrade||Citigroup: Neutral to Sell||4/6/2020|
|Downgrade||Noble Capital: Outperform to Market Perform||8/6/2019|
|Upgrade||Citigroup: Neutral to Buy||7/22/2019|
|Upgrade||Citigroup: Sell to Neutral||3/27/2019|
|Downgrade||JP Morgan: Neutral to Underweight||7/6/2018|
|Downgrade||Argus: Buy to Hold||5/5/2018|
Sector(s): Communication Services
Full Time Employees: 21,255
Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates in Publishing and Marketing Solutions segments. The company's principal products include 261 daily newspapers with total paid circulation of approximately 2.5 million and Sunday circulation of 3.3 million; 302 weekly newspapers with total circulation of approximately 1.7 million; and 383 locally-focused Websites. Its principal products also comprise 74 business publications with circulation of approximately 323,000; 143 daily and weekly newspapers and 32 magazines, and related digital platforms; USATODAY.com and mobile applications, sports network, and Reviewed.com, an affiliate marketing service; and GateHouse Live, a community events platform. The company also offers digital marketing solutions, such as online advertising, guided marketing solutions, cloud-based products, cloud-based software-as-a-service solutions, search and display advertising, search optimization, social media, website development, web presence products, and e-mail marketing solutions. In addition, the company produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, it offers print and online products that offer local market news and information, as well as commercial printing services for publishers; and prints commercial materials, including flyers, business cards, and invitations. Additionally, the company produces approximately 479 events with a collective attendance approximately 2.2 million, such as themed expo, signature event, endurance event, and white label event services; and provides digital and print advertising services. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019. Gannett Co., Inc. was founded in 1997 and is headquartered in McLean, Virginia.