iHeartMedia (IHRT) Projected to Post Earnings on Monday

Key Points

• iHeartMedia is set to announce its Q2 2025 earnings on August 11, with analysts expecting a loss of $0.28 per share and revenue of $912.35 million.
• The company reported a loss of $0.63 per share in its last earnings announcement, missing expectations, while revenue was above forecast at $807.10 million.
• Insider transactions revealed that CEO Robert W. Pittman increased his stake in iHeartMedia by purchasing 200,000 shares at $1.22 each, bringing his total ownership to over 4.4 million shares.

iHeartMedia (NASDAQ:IHRT - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Monday, August 11th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $912.35 million for the quarter.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.63) EPS for the quarter, missing analysts' consensus estimates of ($0.47) by ($0.16). iHeartMedia had a negative return on equity of 2.84% and a negative net margin of 32.95%. The business had revenue of $807.10 million during the quarter, compared to analysts' expectations of $790.17 million. On average, analysts expect iHeartMedia to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

iHeartMedia Stock Performance

IHRT stock traded up $0.03 on Monday, reaching $1.84. The company's stock had a trading volume of 75,300 shares, compared to its average volume of 730,730. The business has a fifty day simple moving average of $1.76 and a two-hundred day simple moving average of $1.68. iHeartMedia has a 12-month low of $0.95 and a 12-month high of $2.84. The firm has a market cap of $270.89 million, a PE ratio of -0.22 and a beta of 1.86.

Insider Buying and Selling at iHeartMedia

In related news, CEO Robert W. Pittman purchased 200,000 shares of iHeartMedia stock in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $1.22 per share, for a total transaction of $244,000.00. Following the completion of the acquisition, the chief executive officer directly owned 4,441,389 shares of the company's stock, valued at $5,418,494.58. The trade was a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is owned by insiders.

Hedge Funds Weigh In On iHeartMedia

Several institutional investors and hedge funds have recently modified their holdings of IHRT. AQR Capital Management LLC increased its holdings in iHeartMedia by 99.8% in the 1st quarter. AQR Capital Management LLC now owns 2,214,301 shares of the company's stock worth $3,654,000 after buying an additional 1,105,976 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in iHeartMedia by 22.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,872,316 shares of the company's stock worth $4,739,000 after buying an additional 532,414 shares in the last quarter. Finally, Strs Ohio bought a new stake in iHeartMedia in the 1st quarter worth about $186,000. 93.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IHRT has been the subject of a number of research reports. Wall Street Zen upgraded iHeartMedia from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. The Goldman Sachs Group increased their price objective on iHeartMedia from $1.00 to $1.25 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, iHeartMedia currently has a consensus rating of "Hold" and an average price target of $2.92.

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.

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