iHeartMedia (IHRT) Set to Announce Earnings on Thursday

iHeartMedia (NASDAQ:IHRT - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. iHeartMedia had a negative net margin of 29.40% and a negative return on equity of 1,197.12%. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, analysts expect iHeartMedia to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

iHeartMedia Stock Up 3.7 %

Shares of NASDAQ IHRT traded up $0.08 during trading hours on Thursday, hitting $2.23. 854,946 shares of the stock were exchanged, compared to its average volume of 863,981. iHeartMedia has a 12 month low of $1.77 and a 12 month high of $4.74. The company has a market cap of $322.79 million, a PE ratio of -0.30 and a beta of 1.84. The firm has a fifty day moving average price of $2.12 and a 200-day moving average price of $2.37.

Analyst Upgrades and Downgrades

Separately, Guggenheim reduced their target price on shares of iHeartMedia from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.07.

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.