Lee Enterprises, Incorporated
- Open
- 9.16
- Day high
- 9.16
- Day low
- 8.95
- Prev close
- 8.96
- Volume
- 7K
- Mkt cap
- $202M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -36.8
- P/S
- 0.4
- Yield
- —
- Per share
- —
- ▲Insiders net buying $1.1M over the last 3 months (14 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Lee Enterprises, Incorporated (LEE) is a Communication Services company listed on NASDAQ. The stock is up 43% over the past year. Over the trailing 3 months, insiders filed 14 open-market buys and 1 sale (SEC Form 4).
Lee Enterprises, Incorporated (LEE) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LEE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.94 | $-0.16 | +83.0% | $122M | +0.0% |
| Nov 26, 2025 | $-0.06 | $-1.06 | -1666.7% | $139M | -9.1% |
| Aug 7, 2025 | $-0.13 | $-0.31 | -138.5% | $141M | -4.2% |
| May 8, 2025 | $-0.58 | $-2.07 | -256.9% | $147M | +2.8% |
| Feb 6, 2025 | $-0.40 | $-2.80 | -600.0% | $145M | -4.0% |
| Dec 12, 2024 | $0.65 | $-1.69 | -360.0% | $159M | -6.7% |
| Aug 1, 2024 | $0.68 | $-0.73 | -207.4% | $151M | -11.4% |
| May 2, 2024 | $-0.22 | $-2.06 | -836.4% | $147M | -6.9% |
| Feb 1, 2024 | $-0.02 | $0.12 | +700.0% | $156M | -6.2% |
| Dec 7, 2023 | $1.40 | $-0.32 | -122.9% | $164M | -5.4% |
| Aug 3, 2023 | $0.93 | $0.25 | -73.1% | $171M | -1.2% |
| May 4, 2023 | $-0.51 | $-1.01 | -98.0% | $171M | -1.7% |
LEE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | MOLONEY HERBERT W IIIdirector | Sell | 24,000 | $9.82 |
| Jun 11, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 2,500 | $10.80 |
| Jun 11, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 1,566 | $9.82 |
| Jun 11, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 1,500 | $10.47 |
| Jun 8, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 6,925 | $10.86 |
| Jun 8, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 18,200 | $11.08 |
| Jun 3, 2026 | Fletcher Steven C.director | Grant | 7,678 | — |
| Jun 1, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 18,200 | $11.09 |
| Jun 1, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 13,700 | $10.54 |
| May 27, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 10,600 | $9.56 |
| May 27, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 13,700 | $9.99 |
| May 21, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 10,600 | $8.94 |
| May 18, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 8,100 | $7.78 |
| May 18, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 10,600 | $8.93 |
| May 14, 2026 | Hoffmann David Henrydirector, 10 percent owner: | Buy | 7,400 | $7.99 |
Source: LEE SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full LEE insider & 13F page →Lee Enterprises, Incorporated company profile
Overview
Lee Enterprises, Incorporated (NASDAQ:LEE) is a traditional newspaper publishing company founded in 1890 that has been undergoing a significant digital transformation over the past several years. Based in Davenport, Iowa, the company operates local newspapers across the United States and has evolved from a purely print-focused business model to one that increasingly emphasizes digital subscriptions, online advertising, and digital marketing services. The company went public in 1980 and has been navigating the challenging transition from declining print revenues to growing digital operations while managing substantial debt levels and operational challenges.
Business
Lee Enterprises operates in the local news publishing industry, which has been experiencing significant disruption due to the shift from print to digital media consumption. The company's core business revolves around providing local news coverage and advertising services across multiple markets in the United States. The company operates three main business segments: 1. Digital Subscriptions (approximately 20% of revenue): Lee operates digital-only and combined print-digital subscription services for local newspapers. Digital subscriptions provide readers with access to local news content through websites and mobile applications. This segment has shown strong growth, with the company reporting 774,000 digital subscribers as of recent quarters, representing significant year-over-year increases. 2. Digital Marketing Services - Amplified Digital Agency (approximately 16% of revenue): This division provides comprehensive digital marketing solutions to local and regional businesses. Services include search engine optimization, social media management, website development, reputation management, and targeted digital advertising campaigns. The agency serves both businesses within Lee's newspaper markets and external clients, approaching $100 million in annual revenue. 3. Traditional Print Operations (approximately 49% of revenue, declining): This includes print newspaper publishing, commercial printing services, and traditional print advertising. While still generating significant revenue, this segment continues to decline as consumer preferences shift toward digital media consumption. The company also provides web hosting, content management services, and has recently begun developing artificial intelligence-powered tools for content creation and business services. Lee's operations span multiple local markets, making it one of the largest local newspaper operators in the United States.
Competitive moat
Lee Enterprises operates in a challenging competitive environment with limited traditional moats, though it possesses some defensive characteristics. The company's primary competitive advantage lies in its local market presence and community relationships. Local newspapers often serve as the primary source of community news, government coverage, and local business information, creating some customer loyalty and advertiser dependency that larger digital platforms cannot easily replicate. However, Lee's moat is relatively weak and faces significant threats. Digital disruption continues to erode the traditional newspaper business model as readers increasingly turn to social media, national news sources, and free online content for information. Competition from technology platforms like Google and Facebook has captured the majority of digital advertising spending, leaving local publishers with a shrinking share of advertiser budgets. The company's Amplified Digital Agency provides some differentiation by offering specialized local market knowledge and personalized service that larger digital marketing companies may not provide. This creates modest switching costs for small and medium-sized business clients who value the local relationship and market expertise. Barriers to entry in local news are relatively low, as digital publishing tools have become increasingly accessible and affordable. New competitors can potentially enter local markets without significant capital requirements. Additionally, the company faces the ongoing challenge of secular decline in print readership and advertising, which represents a structural headwind that cannot be easily overcome through operational improvements alone. The company's recent investments in artificial intelligence partnerships and digital tools represent an attempt to build new competitive advantages, but these initiatives are still in early stages and face competition from well-funded technology companies with superior resources and technical capabilities.
Risks & safety
Lee Enterprises presents significant financial risk with limited margin of safety for investors: • Cash and liquidity concerns: The company reported only $4.7 million in cash and short-term investments as of Q2 2025, with negative free cash flow of $2.1 million in the most recent quarter • High debt burden: Total liabilities of $660 million exceed total assets of $624 million, creating negative shareholder equity • Operational cash flow challenges: Negative operating cash flow of $0.8 million in Q2 2025, though management expects improvement in the second half of fiscal year • Cyber incident impact: $2 million in restoration costs from February 2025 cyber attack created additional financial strain • Berkshire Hathaway support: Credit agreement with favorable terms and waived interest/rent payments provide temporary relief but highlight dependency on external support • Asset monetization: Company identifying $25 million in non-core assets for sale, with $8 million expected to close in current fiscal year • Valuation metrics: Negative P/E ratio, negative book value, and distressed financial ratios indicate significant financial stress • Revenue decline risk: Continued dependence on declining print revenues creates ongoing pressure on cash generation
Recent development
Lee Enterprises has undergone substantial strategic transformation over the past several years, pivoting from a traditional print-focused newspaper company to a digitally-oriented local media and marketing services business. The company's three-pillar digital growth strategy focuses on expanding digital audiences, growing digital subscriptions, and diversifying advertising offerings. Digital subscription growth has been a key success story, with the company growing from 532,000 digital subscribers in fiscal 2022 to 774,000 by Q2 2025, representing consistent double-digit growth rates. The company has set ambitious targets to reach 1.2 million digital subscribers and $450 million in digital revenue by 2028. Amplified Digital Agency expansion has transformed from a small internal marketing function to a nearly $100 million annual revenue business, providing comprehensive digital marketing services to local and regional businesses. This segment has shown consistent growth rates of 9-21% quarterly, depending on market conditions. Artificial intelligence initiatives represent the company's newest strategic focus, with partnerships established with Perplexity, ProRata AI, and Amazon Web Services. Lee has launched AI-powered products including AI Enablement, AI Social, and SmartSites.AI, positioning itself as a "last-mile intermediary" in the AI-driven content economy. These partnerships are expected to generate early economics in fiscal 2025 with revenue model evolution anticipated over the next 24 months. Cost management has been aggressive, with the company eliminating over $100 million in costs since beginning its transformation, including $40 million in annualized cost reductions identified in recent quarters. The company has also been monetizing non-core assets, selling over $13 million in real estate and other assets while identifying an additional $25 million for potential sale. Recent challenges include a significant cyber attack in February 2025 that disrupted operations and required $2 million in restoration costs, though the company has largely recovered from this incident.
LEE company profile · for informational purposes only — not investment advice.
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