Gannett Co., Inc. (GCI)

NYSE: GCI · IEX Real-Time Price · USD
2.720
+0.180 (7.09%)
Apr 23, 2024, 4:00 PM EDT - Market closed
7.09%
Market Cap 404.77M
Revenue (ttm) 2.66B
Net Income (ttm) -27.79M
Shares Out 148.81M
EPS (ttm) -0.20
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,631,209
Open 2.510
Previous Close 2.540
Day's Range 2.510 - 2.750
52-Week Range 1.620 - 3.600
Beta 2.36
Analysts Strong Buy
Price Target 5.00 (+83.82%)
Earnings Date May 2, 2024

About GCI

Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications. It also provides digital-only subscription, including local media brands, USA TODAY NETWORK community events platform, magazines, sports, and games; and E-newspapers; and digital advertising and mar... [Read more]

Industry Publishing
Founded 1997
Employees 12,800
Stock Exchange NYSE
Ticker Symbol GCI
Full Company Profile

Financial Performance

In 2023, Gannett Co.'s revenue was $2.66 billion, a decrease of -9.57% compared to the previous year's $2.95 billion. Losses were -$27.79 million, -64.37% less than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GCI stock is "Strong Buy" and the 12-month stock price forecast is $5.0.

Price Target
$5.0
(83.82% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Gannett Schedules First Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Gannett Co., Inc. (“Gannett”) (NYSE: GCI) announced today that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, prior to the opening of the...

5 days ago - Business Wire

Gannett Announces Nomination of Independent Candidate to Board of Directors

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today announced that its Board of Directors has nominated Maha Al-Emam , a former advisor f...

25 days ago - Business Wire

Gannett Announces Further Debt Reduction

MCLEAN, Va.--(BUSINESS WIRE)--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 du...

4 weeks ago - Business Wire

Gannett Fleming Acquires Texas-Based Water & Transportation Engineering Company DEC

CAMP HILL, Pa.--(BUSINESS WIRE)-- #acquisition--Gannett Fleming Acquires Texas-Based Water & Transportation Engineering Company DEC.

5 weeks ago - Business Wire

LocaliQ Achieves SOC 2 Type II Compliance Certification

MCLEAN, Va.--(BUSINESS WIRE)--LocaliQ, Gannett Co., Inc.'s (NYSE: GCI) Digital Marketing Solutions (DMS) business, successfully achieved Service Organization Controls (SOC) 2 Type II audit and certifi...

6 weeks ago - Business Wire

Gannett to Participate at Deutsche Bank 32nd Annual Media, Internet, & Telecom Conference

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (“Gannett”, “we”, “our”, or the “Company”) (NYSE: GCI) today announced that its Chief Financial Officer, Doug Horne, will participate at the following c...

7 weeks ago - Business Wire

USA TODAY Announces the 2024 Women of the Year in Honor of Women's History Month

MCLEAN, Va.--(BUSINESS WIRE)--USA TODAY, part of Gannett Co., Inc. (NYSE: GCI), announced the 2024 Women of the Year honorees who are using their influence to empower women to lead the next generation...

7 weeks ago - Business Wire

Monica Richardson Appointed USA TODAY Senior Vice President

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) today announced Monica R. Richardson will join Gannett to lead USA TODAY's award-winning newsroom as Senior Vice President effective April 1...

2 months ago - Business Wire

Gannett Announces 2023 Results and Business Outlook

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today reported its financial results for the fourth quarter ended December 31, 2023. "In 20...

2 months ago - Business Wire

State Farm Wins USA TODAY's 36th Annual Ad Meter Competition

MCLEAN, Va.--(BUSINESS WIRE)--USA TODAY, part of Gannett Co., Inc. (NYSE: GCI), announced State Farm, the largest property, casualty, and auto insurance provider in the United States, the winner of th...

2 months ago - Business Wire

Gannett Schedules Fourth Quarter 2023 Results

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (“Gannett”) (NYSE: GCI) announced today that it will release its fourth quarter 2023 financial results on Thursday, February 22, 2024, prior to the open...

2 months ago - Business Wire

Gannett Statement Regarding Defamation Verdict

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) was named as a defendant in a lawsuit titled Scott O. Sapulpa v. Gannett Co., Inc. in District Court in the State of Oklahoma. Following a t...

2 months ago - Business Wire

USA TODAY's 36th Ad Meter Competition Opens

MCLEAN, Va.--(BUSINESS WIRE)--USA TODAY, part of Gannett Co., Inc. (NYSE: GCI), officially launched the 36th annual Ad Meter competition, the industry's leading opinion tool for gauging public sentime...

2 months ago - Business Wire

Gannett and Big Ten Conference Announce Media Partnership

McLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) and the USA TODAY Network today announced a multi-year agreement to become the official content partner of the Big Ten Conference, the oldes...

2 months ago - Business Wire

USA TODAY NETWORK Ventures Announces 2024 Legends Party With NFL Alumni Legends

MCLEAN, Va.--(BUSINESS WIRE)--USA TODAY NETWORK Ventures, part of Gannett Co., Inc. (NYSE: GCI) announces The Legends Party, in partnership with the National Football League Alumni Association and USA...

3 months ago - Business Wire

Gannett to Present at the 26th Annual Needham Growth Conference

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (“Gannett”, “we”, “our”, or the “Company”) (NYSE: GCI) today announced that it will present virtually at the 26th Annual Needham Growth Conference on Fr...

3 months ago - Business Wire

Gannett Joins LOT Network to Protect Digital Asset Products from Patent Litigation

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) today announced joining LOT Network, the largest patent licensing platform and non-profit community of global companies working to protect i...

5 months ago - Business Wire

Gannett Earns Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) today announced the company received a perfect score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index (CE...

5 months ago - Business Wire

Gannett moves to toss white workers' challenge to diversity goals

Gannett has asked a U.S. judge to dismiss a proposed class action accusing the newspaper publisher of discriminating against white employees in an effort to diversify its newsrooms.

5 months ago - Reuters

Gannett to Participate at the UBS Global Media and Communications Conference

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (“Gannett,” “we,” “our,” or the “Company”) (NYSE: GCI) today announced that its Chairman and Chief Executive Officer, Michael Reed, and its Chief Financ...

5 months ago - Business Wire

Gannett Announces Ongoing Debt Reduction

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) announced today it will repurchase $14.0 million of 6.00% first lien notes due November 1, ...

5 months ago - Business Wire

Gannett and Home Solutions Announce Exclusive Agreement

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) and USA TODAY announced a multi-year strategic partnership with Home Solutions, a leading digital media company that helps homeowners make i...

5 months ago - Business Wire

Gannett Announces Third Quarter 2023 Results & Updated Full Year Outlook

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today reported its financial results for the third quarter ended September 30, 2023. "In th...

6 months ago - Business Wire

Did A.I. Write Product Reviews? Gannett Says No.

Writers and editors at Reviewed, a product recommendation website, say that the company used artificial intelligence to create reviews last week.

6 months ago - NYTimes

Gannett Schedules Third Quarter 2023 Results

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (“Gannett”) (NYSE: GCI) announced today that it will release its third quarter 2023 financial results on Thursday, November 2, 2023, prior to the openin...

6 months ago - Business Wire