Last Updated: 19 Sep 2024
Executive Summary
Gannett Co Inc (GCI) is a media and marketing solutions company with a market capitalization of $828 million. The company has been facing financial challenges in recent years, with negative earnings per share (-$0.68) and a profit margin of -0.0371. However, the company's revenue has remained relatively stable, with a quarterly revenue growth of -0.048% year-over-year. The stock is currently trading at $5.61, which is below the analyst target price of $5.90.
Company Overview
Gannett Co Inc is headquartered in McLean, Virginia and operates in the United States. The company's primary business is publishing newspapers and magazines, as well as providing digital marketing solutions. Gannett owns over 100 daily newspapers and 200 weekly newspapers, as well as a number of digital properties.
Fundamental Analysis
Gannett's financial performance has been mixed in recent years. The company's revenue has declined slightly in recent quarters, while its expenses have increased. This has led to a decline in profitability, with the company reporting a net loss of $104.5 million in the most recent quarter.
Gannett's balance sheet is relatively strong, with the company having $1.3 billion in cash and equivalents and $1.7 billion in total assets. However, the company also has $2.4 billion in total debt, which is a concern.
Technical Analysis
Gannett's stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages, which is a bearish sign. The stock's relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Gannett is uncertain. The company's financial performance has been weak in recent quarters, and the stock price has been trending lower. However, the stock is currently trading below its analyst target price, which could provide some support.
Long Term Outlook
The long-term outlook for Gannett is also uncertain. The company's industry is facing a number of challenges, including the decline of print advertising. However, Gannett is taking steps to adapt to the changing media landscape, and the company's digital properties could provide a source of growth in the future.
Analyst Recommendations
Analysts are mixed on Gannett's stock. Two analysts have a hold rating on the stock, while two analysts have a sell rating. The average analyst target price is $5.90.
