iHeartMedia (IHRT) to Release Quarterly Earnings on Thursday

iHeartMedia (NASDAQ:IHRT) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $1.17 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

iHeartMedia Stock Down 2.7 %

Shares of IHRT stock opened at $2.20 on Wednesday. iHeartMedia has a 12-month low of $0.81 and a 12-month high of $3.04. The firm has a fifty day moving average of $2.16 and a 200-day moving average of $2.00. The firm has a market capitalization of $323.56 million, a price-to-earnings ratio of -0.32 and a beta of 1.73.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IHRT shares. Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $1.00 to $3.00 in a research note on Tuesday, November 12th. Barrington Research upgraded iHeartMedia to a “hold” rating in a report on Tuesday, November 12th. Finally, Guggenheim increased their target price on iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th.

iHeartMedia Company Profile

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.