Barrington Research Predicts iHeartMedia FY2027 Earnings

iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) - Research analysts at Barrington Research issued their FY2027 earnings per share (EPS) estimates for shares of iHeartMedia in a note issued to investors on Wednesday, October 22nd. Barrington Research analyst P. Sholl anticipates that the company will post earnings of $0.30 per share for the year. The consensus estimate for iHeartMedia's current full-year earnings is ($0.13) per share.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.26). The business had revenue of $933.65 million for the quarter, compared to analyst estimates of $912.35 million.

A number of other research analysts have also recently weighed in on the company. Zacks Research raised iHeartMedia from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Wall Street Zen upgraded shares of iHeartMedia from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of iHeartMedia in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $2.92.

iHeartMedia Stock Performance

Shares of iHeartMedia stock opened at $3.33 on Friday. iHeartMedia has a one year low of $0.95 and a one year high of $3.51. The stock has a market cap of $499.97 million, a P/E ratio of -1.37 and a beta of 1.91. The stock's fifty day moving average is $2.63 and its 200 day moving average is $1.91.

Institutional Investors Weigh In On iHeartMedia

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of iHeartMedia in the 3rd quarter valued at approximately $55,000. Tower Research Capital LLC TRC boosted its stake in iHeartMedia by 341.7% during the second quarter. Tower Research Capital LLC TRC now owns 24,342 shares of the company's stock worth $43,000 after buying an additional 18,831 shares during the period. BNP Paribas Financial Markets boosted its stake in iHeartMedia by 42.8% during the second quarter. BNP Paribas Financial Markets now owns 18,655 shares of the company's stock worth $33,000 after buying an additional 5,591 shares during the period. Bank of America Corp DE boosted its stake in iHeartMedia by 15.1% during the second quarter. Bank of America Corp DE now owns 215,715 shares of the company's stock worth $380,000 after buying an additional 28,297 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in iHeartMedia by 15.0% during the second quarter. The Manufacturers Life Insurance Company now owns 43,613 shares of the company's stock worth $77,000 after buying an additional 5,684 shares during the period. 93.89% of the stock is owned by institutional investors.

Insider Activity

In other iHeartMedia news, CEO Robert W. Pittman bought 117,371 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $2.19 per share, for a total transaction of $257,042.49. Following the transaction, the chief executive officer owned 4,558,760 shares of the company's stock, valued at $9,983,684.40. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.50% of the company's stock.

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.

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