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NASDAQ:IHRT

iHeartMedia - IHRT Stock Forecast, Price & News

$7.65
-0.02 (-0.26%)
(As of 12/9/2022 01:04 PM ET)
Add
Compare
Today's Range
$7.61
$7.73
50-Day Range
$6.61
$8.88
52-Week Range
$6.43
$21.97
Volume
4,594 shs
Average Volume
702,486 shs
Market Capitalization
$1.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.00

iHeartMedia MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
70.6% Upside
$13.00 Price Target
Short Interest
Bearish
3.99% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$102,120 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.85) to $0.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Consumer Discretionary Sector

200th out of 268 stocks

Radio Broadcasting Stations Industry

8th out of 11 stocks

IHRT stock logo

About iHeartMedia (NASDAQ:IHRT) Stock

iHeartMedia, Inc. operates as a media and entertainment company worldwide. 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 live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,400 radio station affiliates. It also delivers real-time traffic flow and incident information, and weather updates, sports, and news through approximately 2,100 radio stations and 170 television affiliates, and Internet and mobile partnerships. As of December 31, 2021, this segment owned 863 radio stations, which included 249 AM and 614 FM radio stations. The Digital Audio Group segment provides podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a mobile app and web-based service for radio stations, digital-only stations, custom artist stations, and podcasts. The Audio and Media Services Group segment engages in the media representation business. This segment also provides cloud and on-premises broadcast software, such as radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions; and real-time audio recognition technology to approximately 10,000 radio and television stations, cable channels, record labels, advertisers, and agencies, as well as media streaming and research services. The company was formerly known as CC Media Holdings, Inc. and changed its name to iHeartMedia, Inc. in September 2014. iHeartMedia, Inc. is headquartered in San Antonio, Texas.

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IHRT Stock News Headlines

iHeartMedia (NASDAQ:IHRT) Shares Down 3.4%
iHeartMedia, Inc. Reports Results for 2022 Third Quarter
IHeartMedia (IHRT) Matches Q3 Earnings Estimates
See More Headlines
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IHRT Company Calendar

Last Earnings
11/03/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Current Symbol
NASDAQ:IHRT
Employees
10,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+69.9%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$-159,200,000.00
Pretax Margin
-7.93%

Debt

Sales & Book Value

Annual Sales
$3.56 billion
Cash Flow
$2.62 per share
Book Value
$6.44 per share

Miscellaneous

Free Float
139,085,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
1.60

Key Executives

  • Mr. Robert W. PittmanMr. Robert W. Pittman (Age 68)
    Chairman & CEO
    Comp: $8.77M
  • Mr. Richard J. BresslerMr. Richard J. Bressler (Age 65)
    Pres, COO, CFO & Director
    Comp: $7.65M
  • Mr. Scott D. Hamilton (Age 52)
    Sr. VP, Chief Accounting Officer & Assistant Sec.
    Comp: $894.62k
  • Mr. Michael B. McGuinnessMr. Michael B. McGuinness (Age 45)
    Exec. VP of Fin., Deputy CFO & Head of Investor Relations
    Comp: $2.04M
  • Ms. Jordan R. Fasbender (Age 39)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.46M
  • Mr. Steve Mills (Age 63)
    Global Chief Information Officer
  • Ms. Wendy Goldberg (Age 58)
    Exec. VP & Chief Communications Officer
  • Ms. Gayle Troberman
    Chief Marketing Officer & Exec. VP
  • Mr. Joseph C. Robinson (Age 58)
    Pres of Corp. Devel. & Ventures
  • Mr. Jeff Howard
    Pres of National Sales













IHRT Stock - Frequently Asked Questions

Should I buy or sell iHeartMedia stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for iHeartMedia in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IHRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IHRT, but not buy additional shares or sell existing shares.
View IHRT analyst ratings
or view top-rated stocks.

What is iHeartMedia's stock price forecast for 2023?

7 brokerages have issued twelve-month target prices for iHeartMedia's shares. Their IHRT share price forecasts range from $8.00 to $23.00. On average, they expect the company's share price to reach $13.00 in the next year. This suggests a possible upside of 69.5% from the stock's current price.
View analysts price targets for IHRT
or view top-rated stocks among Wall Street analysts.

How have IHRT shares performed in 2022?

iHeartMedia's stock was trading at $21.04 on January 1st, 2022. Since then, IHRT shares have decreased by 63.5% and is now trading at $7.67.
View the best growth stocks for 2022 here
.

Are investors shorting iHeartMedia?

iHeartMedia saw a increase in short interest in November. As of November 15th, there was short interest totaling 5,710,000 shares, an increase of 7.9% from the October 31st total of 5,290,000 shares. Based on an average daily volume of 834,100 shares, the days-to-cover ratio is presently 6.8 days.
View iHeartMedia's Short Interest
.

When is iHeartMedia's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our IHRT earnings forecast
.

How were iHeartMedia's earnings last quarter?

iHeartMedia, Inc. (NASDAQ:IHRT) issued its quarterly earnings data on Thursday, November, 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $988.93 million for the quarter, compared to the consensus estimate of $982.71 million. iHeartMedia had a negative net margin of 6.05% and a positive trailing twelve-month return on equity of 13.23%.

What guidance has iHeartMedia issued on next quarter's earnings?

iHeartMedia issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.08 billion-$1.13 billion, compared to the consensus revenue estimate of $1.14 billion.

What is Robert W. (Bob) Pittman's approval rating as iHeartMedia's CEO?

464 employees have rated iHeartMedia Chief Executive Officer Robert W. (Bob) Pittman on Glassdoor.com. Robert W. (Bob) Pittman has an approval rating of 64% among the company's employees.

What is iHeartMedia's stock symbol?

iHeartMedia trades on the NASDAQ under the ticker symbol "IHRT."

Who are iHeartMedia's major shareholders?

iHeartMedia's stock is owned by a variety of institutional and retail investors. Top institutional investors include Allianz Asset Management GmbH (15.91%), Vanguard Group Inc. (7.53%), BlackRock Inc. (5.71%), Silver Point Capital L.P. (3.41%), BNP Paribas Arbitrage SNC (2.58%) and Douglas Lane & Associates LLC (2.11%). Insiders that own company stock include James A Rasulo, Media & Entertainment I Global, Michael B Mcguinness, Richard J Bressler, Robert W Pittman and Silver Point Capital LP.
View institutional ownership trends
.

How do I buy shares of iHeartMedia?

Shares of IHRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is iHeartMedia's stock price today?

One share of IHRT stock can currently be purchased for approximately $7.67.

How much money does iHeartMedia make?

iHeartMedia (NASDAQ:IHRT) has a market capitalization of $1.10 billion and generates $3.56 billion in revenue each year. The company earns $-159,200,000.00 in net income (profit) each year or ($1.56) on an earnings per share basis.

How many employees does iHeartMedia have?

The company employs 10,800 workers across the globe.

How can I contact iHeartMedia?

The official website for the company is www.iheartmedia.com. The company can be reached via phone at 210 822 2828, via email at investorrelations@iheartmedia.com, or via fax at 302-655-5049.

This page (NASDAQ:IHRT) was last updated on 12/9/2022 by MarketBeat.com Staff