Last $32.88 USD
Change Today +0.16 / 0.49%
Volume 1.6M
GCI On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

gannett co (GCI) Snapshot

Open
$32.74
Previous Close
$32.72
Day High
$32.97
Day Low
$32.53
52 Week High
07/29/14 - $34.08
52 Week Low
10/9/13 - $23.75
Market Cap
7.4B
Average Volume 10 Days
2.1M
EPS TTM
$2.27
Shares Outstanding
225.6M
EX-Date
09/3/14
P/E TM
14.5x
Dividend
$0.80
Dividend Yield
2.43%
Current Stock Chart for GANNETT CO (GCI)

gannett co (GCI) Details

Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. It operates through three segments: Broadcasting, Publishing, and Digital. The Broadcasting segment operates 43 television stations and affiliated online sites, which offer news, sports, entertainment, and advertising content. The Publishing Segment operates 82 U.S. daily publications with affiliated online sites, including USA TODAY, a national, general-interest daily publication; USATODAY.com; USA WEEKEND, a magazine supplement for publishing companies; Clipper magazine, a direct mail advertising magazine; and magazines for nurses and allied health professionals, as well as offers digital, print, and broadcast media services to government, military, and defense technology customers. It also operates 17 paid-for daily publications; approximately 200 weekly publications, magazines, and trade publications; and approximately 400 non-daily publications for commercial printing and various smaller businesses. In addition, this segment is involved in the commercial printing, newswire, marketing, and data services operations. The Digital segment operates CareerBuilder.com, an online job site to help companies target, attract, and retain talent; PointRoll, which provides multi-screen digital advertising technology and services; and ShopLocal that offers digital advertising solutions. The company also operates Reviewed.com, a group of product review Web sites that provide various reviews for technology and household products, and consumer services. It has strategic business relationships with CareerBuilder, LLC; Classified Ventures; ShopLocal.com; and Topix. Gannett Co., Inc. was founded in 1906 and is headquartered in McLean, Virginia.

31,600 Employees
Last Reported Date: 02/27/14
Founded in 1906

gannett co (GCI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $2.9M
Chief Financial Officer
Total Annual Compensation: $1.3M
President of Gannett Broadcasting
Total Annual Compensation: $1.3M
President of U.S. Community Publishing Divisi...
Total Annual Compensation: $1.3M
Chief Digital Officer and Senior Vice Preside...
Total Annual Compensation: $965.0K
Compensation as of Fiscal Year 2013.

gannett co (GCI) Key Developments

Gannett Co., Inc. Announces Quarterly Dividend Payable on October 1, 2014

Gannett Co., Inc. declared a dividend of 20 cents per share, payable on October 1, 2014 to stockholders of record as of the close of business on September 5, 2014.

Gannett Co., Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014; Provides Capital Expenditure Guidance for the Year 2014

Gannett Co., Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. The company reported non-GAAP earnings per diluted share of $0.67 for the second quarter compared to $0.58 for the second quarter of 2013, a 15.5% increase. The company generated over $300 million in free cash flow during the quarter. Total operating revenues in the second quarter were 12.1% higher compared to the second quarter in 2013 and totaled $1.46 billion against $1,302,699,000 a year ago. The increase reflects Broadcasting Segment revenue growth of approximately 88%, due primarily to the acquisition of Belo Corp. and 4.2% growth in Digital Segment revenues. Net income attributable to Gannett on a non-GAAP basis was $154.6 million in the quarter, 14.4% higher compared to the second quarter of 2013. Operating income on the same basis grew 28.4% to $294.2 million reflecting primarily the expansion of television station portfolio. Adjusted EBITDA was substantially higher in the quarter, up 27.6% to $353.5 million compared to $276.9 million in second quarter of 2013. Operating income was $242,502,000 against $202,882,000 a year ago. Income before income taxes was $331,912,000 against $166,341,000 a year ago. Net income attributable to Gannett Co., Inc. was $208,467,000 or $0.90 per diluted share against $113,620,000 or $0.48 per diluted share a year ago. Non-GAAP operating income was $294,194,000 against $229,107,000 a year ago. Non-GAAP income before income taxes was $240,094,000 against $202,045,000 a year ago. During the quarter, the company invested $42 million in capital projects primarily related to ongoing digital development, as well as product integration, automation and enhancements at CareerBuilder. For the six months, total operating revenues were $2,864,070,000 against $2,540,434,000 a year ago. Operating income was $446,496,000 against $353,939,000 a year ago. Income before income taxes was $454,001,000 against $288,204,000 a year ago. Net income attributable to Gannett Co., Inc. was $267,626,000 or $1.15 per diluted share against $218,185,000 or $0.93 per diluted share a year ago. Adjusted EBITDA was $638,301,000 against $486,204,000 a year ago. On non-GAAP basis, Operating income was $520,953,000 against $390,315,000 a year ago. Income before income taxes was $405,348,000 against $337,787,000 a year ago. Net income attributable to Gannett Co., Inc. was $263,073,000 or $1.13 per diluted share against $221,168,000 or $0.94 per diluted share a year ago. CapEx spend during the quarter is trending in line with the projected full year spend of $140 million to $150 million, with nearly 70% of that going to development of digital products and platform.

Gannett Seeks Acquisitions

Gannett Co., Inc. (NYSE:GCI) is seeking acquisitions. Gracia Martore, President and Chief Executive Officer of Gannett, said, "We can do some broadcast acquisitions. At the same time, we can potentially do some digital acquisitions, but we always put all of those through the prism of what is going to create the most shareholder value for the Company in the near and long-term, and making sure that any acquisition that we do certainly achieves and checks off all the boxes we have around the financial discipline that we bring to every acquisition."

 

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Industry Analysis

GCI

Industry Average

Valuation GCI Industry Range
Price/Earnings 17.4x
Price/Sales 1.3x
Price/Book 2.7x
Price/Cash Flow 11.4x
TEV/Sales 0.6x
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