Growth and Margin Analysis of Gannett Co Inc. (GCI)’s Recent Quarter Sales

At the time of writing, Gannett Co Inc. [GCI] stock is trading at $2.33, up 4.95%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GCI shares have gain 6.88% over the last week, with a monthly amount glided 8.37%, and seem to be holding up well over a long-time horizon.

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On 26, March 2024, Gannett Announces Further Debt Reduction. In a post published today on Yahoo Finance, Gannett Co., Inc. (“Gannett”, “we”, “us”, “our”, or the “Company”) (NYSE: GCI) announced today it will repurchase approximately $13.0 million of 6.00% first lien notes due November 1, 2026 (the “2026 Senior Notes”) for approximately $12.0 million, representing a discount to par value. The transaction is expected to close on March 28, 2024. In connection with the repurchase of the 2026 Senior Notes, the Company will receive a waiver from certain lenders under its five-year senior secured term loan facility that will reduce the scheduled amortization payment for the fiscal quarter ending March 31, 2024 payable to those lenders by the amount spent by the Company to repurchase the 2026 Senior Notes.

From an analyst’s perspective:

Gannett Co Inc. [NYSE: GCI] stock has seen the most recent analyst activity on December 12, 2023, when Compass Point initiated its Buy rating and assigned the stock a price target of $5. On April 06, 2020, downgrade downgraded it’s rating to Sell. JP Morgan downgraded its rating to a Underweight. Argus downgraded its rating to a Hold. Noble Financial reiterated a Buy rating for this stock on November 02, 2016, and downed its price target to $16. In a note dated November 05, 2015, Argus upgraded an Buy rating on this stock but restated the target price of $20.

For the past year, the stock price of Gannett Co Inc. fluctuated between $1.62 and $3.60. Currently, Wall Street analysts expect the stock to reach $2.65 within the next 12 months. Gannett Co Inc. [NYSE: GCI] shares were valued at $2.33 at the most recent close of the market. An investor can expect a potential return of 13.73% based on the average GCI price forecast.

Analyzing the GCI fundamentals

According to Gannett Co Inc. [NYSE:GCI], the company’s sales were 2.66B for trailing twelve months, which represents an -8.38% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.43.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.25 points at the first support level, and at 2.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.37, and for the 2nd resistance point, it is at 2.42.

Gannett Co Inc. [GCI] reported earnings per share of -$0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of -$0.22 and a surprise factor of -366.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.02 per share as compared to estimates of -$0.01 per share, a difference of -$0.01 representing a surprise of -100.00%.

Ratios To Look Out For

It is important to note that Gannett Co Inc. [NYSE:GCI] has a current ratio of 0.83. In addition, the Quick Ratio stands at 0.78 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 1.09.

Transactions by insiders

Recent insider trading involved Tarica Laurence, Director, that happened on Nov 16 ’23 when 0.2 million shares were purchased. Chief Executive Officer, Reed Michael completed a deal on Nov 06 ’23 to buy 60000.0 shares. Meanwhile, Chief Executive Officer Reed Michael bought 80000.0 shares on Aug 14 ’23.

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