iHeartMedia (IHRT) Scheduled to Post Quarterly Earnings on Thursday

iHeartMedia (NASDAQ:IHRT) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect iHeartMedia to post earnings of ($0.55) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

iHeartMedia (NASDAQ:IHRT) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. iHeartMedia had a negative net margin of 29.40% and a negative return on equity of 1,197.12%. During the same period last year, the company posted $0.54 earnings per share. On average, analysts expect iHeartMedia to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

iHeartMedia Price Performance

IHRT stock opened at $2.36 on Tuesday. The company’s 50-day moving average is $2.12 and its 200-day moving average is $2.36. The stock has a market capitalization of $341.61 million, a PE ratio of -0.32 and a beta of 1.84. iHeartMedia has a 1 year low of $1.77 and a 1 year high of $4.74.

Analyst Ratings Changes

Separately, Guggenheim cut their price target on iHeartMedia from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, iHeartMedia presently has an average rating of “Hold” and a consensus price target of $3.98.

About iHeartMedia

iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates.