Analysts Anticipate iHeartMedia, Inc. (NASDAQ:IHRT) to Announce -$0.25 EPS

Equities research analysts predict that iHeartMedia, Inc. (NASDAQ:IHRTGet Rating) will announce earnings of ($0.25) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for iHeartMedia’s earnings. The lowest EPS estimate is ($0.36) and the highest is ($0.15). iHeartMedia reported earnings per share of ($1.39) in the same quarter last year, which suggests a positive year-over-year growth rate of 82%. The business is expected to announce its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that iHeartMedia will report full year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.15 to $1.82. For the next financial year, analysts anticipate that the firm will post earnings of $1.86 per share, with EPS estimates ranging from $0.85 to $2.69. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for iHeartMedia.

iHeartMedia (NASDAQ:IHRTGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.22. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion.

Separately, Zacks Investment Research lowered iHeartMedia from a “buy” rating to a “hold” rating in a research note on Friday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, iHeartMedia currently has an average rating of “Buy” and a consensus price target of $30.33.

IHRT stock traded down $0.88 during midday trading on Wednesday, hitting $15.89. The stock had a trading volume of 9,559 shares, compared to its average volume of 673,375. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -14.58, a P/E/G ratio of 1.66 and a beta of 1.73. The company’s fifty day moving average price is $19.36. iHeartMedia has a 1-year low of $16.63 and a 1-year high of $28.24.

In other iHeartMedia news, major shareholder Media & Entertainment I. Global acquired 453,496 shares of iHeartMedia stock in a transaction dated Wednesday, April 13th. The stock was purchased at an average cost of $18.79 per share, for a total transaction of $8,521,189.84. Following the completion of the acquisition, the insider now directly owns 12,557,692 shares of the company’s stock, valued at $235,959,032.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in iHeartMedia by 1,088.2% in the 3rd quarter. SG Americas Securities LLC now owns 57,915 shares of the company’s stock valued at $1,449,000 after purchasing an additional 53,041 shares during the period. Deutsche Bank AG lifted its stake in shares of iHeartMedia by 10.7% during the 3rd quarter. Deutsche Bank AG now owns 184,738 shares of the company’s stock valued at $4,621,000 after buying an additional 17,850 shares in the last quarter. Swiss National Bank grew its stake in iHeartMedia by 1.1% in the 3rd quarter. Swiss National Bank now owns 247,100 shares of the company’s stock valued at $6,182,000 after buying an additional 2,600 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of iHeartMedia by 8.2% in the third quarter. Mackenzie Financial Corp now owns 33,374 shares of the company’s stock worth $835,000 after acquiring an additional 2,533 shares during the period. Finally, Heartland Advisors Inc. grew its position in shares of iHeartMedia by 66.7% in the third quarter. Heartland Advisors Inc. now owns 250,000 shares of the company’s stock valued at $6,255,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 72.86% of the company’s stock.

iHeartMedia Company Profile (Get Rating)

iHeartMedia, Inc operates as a media and entertainment company worldwide. 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 live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates.

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Earnings History and Estimates for iHeartMedia (NASDAQ:IHRT)

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