UBS Tweaks Estimates on Gannett (GCI); Await Further Results of the New Circulation Strategy
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Price: $21.75 +0.88%
Rating Summary:
3 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
3 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade GCI Now!
UBS maintains a 'Neutral' on Gannett (NYSE: GCI) price target of $14.00 (from $13.50).
Analyst, John Janedis, said, "We are lowering our publication revenue on weak ad trends, partially offset by higher broadcast ad growth. Net-net, we are raising our 2012/2013 EPS estimates to $2.14 and $2.03 (on lower interest exp/tax rate), from our prior $2.13 & $1.95. We maintain our Neutral rating as we await further results of the new circulation strategy."
"We are tweaking our 3Q12 broadcast revenue and EBITDA higher to $224M and $116M, respectively, vs. our prior $213M and $106M, on ad growth of +31% (vs. low 30’s guidance). (Citing strong political/olympics ad growth)
For an analyst ratings summary and ratings history on Gannett click here. For more ratings news on Gannett click here.
Shares of Gannett closed at $14.69 yesterday, with a 52 week range of $8.28-$16.26.
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Analyst, John Janedis, said, "We are lowering our publication revenue on weak ad trends, partially offset by higher broadcast ad growth. Net-net, we are raising our 2012/2013 EPS estimates to $2.14 and $2.03 (on lower interest exp/tax rate), from our prior $2.13 & $1.95. We maintain our Neutral rating as we await further results of the new circulation strategy."
"We are tweaking our 3Q12 broadcast revenue and EBITDA higher to $224M and $116M, respectively, vs. our prior $213M and $106M, on ad growth of +31% (vs. low 30’s guidance). (Citing strong political/olympics ad growth)
For an analyst ratings summary and ratings history on Gannett click here. For more ratings news on Gannett click here.
Shares of Gannett closed at $14.69 yesterday, with a 52 week range of $8.28-$16.26.
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