iHeartMedia Q2 EPS Forecast Lowered by Barrington Research

iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) - Barrington Research dropped their Q2 2025 earnings per share (EPS) estimates for iHeartMedia in a note issued to investors on Wednesday, April 23rd. Barrington Research analyst P. Sholl now forecasts that the company will post earnings per share of ($0.21) for the quarter, down from their previous forecast of ($0.10). The consensus estimate for iHeartMedia's current full-year earnings is ($0.13) per share. Barrington Research also issued estimates for iHeartMedia's Q3 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.57) EPS.

Separately, Guggenheim decreased their price target on shares of iHeartMedia from $5.00 to $4.50 and set a "buy" rating for the company in a report on Monday, March 10th.

iHeartMedia Price Performance

Shares of NASDAQ IHRT traded down $0.01 during trading hours on Monday, hitting $1.06. 50,818 shares of the stock were exchanged, compared to its average volume of 933,116. The firm has a market capitalization of $155.27 million, a P/E ratio of -0.16 and a beta of 1.48. iHeartMedia has a one year low of $0.81 and a one year high of $2.84. The company's 50 day moving average is $1.43 and its 200 day moving average is $1.91.

Institutional Trading of iHeartMedia

A number of hedge funds have recently modified their holdings of IHRT. Barclays PLC raised its stake in shares of iHeartMedia by 513.4% in the third quarter. Barclays PLC now owns 362,060 shares of the company's stock valued at $670,000 after purchasing an additional 303,034 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iHeartMedia by 21.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,499,409 shares of the company's stock valued at $4,949,000 after buying an additional 436,656 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of iHeartMedia during the 4th quarter worth about $578,000. Helix Partners Management LP bought a new position in shares of iHeartMedia during the 4th quarter worth about $911,000. Finally, Geode Capital Management LLC boosted its position in shares of iHeartMedia by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,515,516 shares of the company's stock valued at $4,655,000 after acquiring an additional 137,896 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Insider Activity

In related news, CEO Robert W. Pittman purchased 200,000 shares of iHeartMedia stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $1.60 per share, with a total value of $320,000.00. Following the acquisition, the chief executive officer now directly owns 4,241,389 shares in the company, valued at approximately $6,786,222.40. This trade represents a 4.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard J. Bressler acquired 100,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $1.79 per share, for a total transaction of $179,000.00. Following the acquisition, the insider now owns 3,617,764 shares in the company, valued at approximately $6,475,797.56. This trade represents a 2.84 % increase in their position. The disclosure for this purchase can be found here. 6.30% of the stock is owned by company insiders.

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.