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NASDAQ:IHRT

iHeartMedia (IHRT) Stock Forecast, Price & News

$3.12
+0.63 (+25.30%)
(As of 06/2/2023 ET)
Compare
Today's Range
$2.54
▼
$3.22
50-Day Range
$2.26
▼
$4.29
52-Week Range
$2.21
▼
$11.86
Volume
2.64 million shs
Average Volume
953,898 shs
Market Capitalization
$447.06 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.64
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

iHeartMedia MarketRank™ Forecast

Analyst Rating
Hold
1.71 Rating Score
Upside/​Downside
145.0% Upside
$7.64 Price Target
Short Interest
Bearish
5.58% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.24mentions of iHeartMedia in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$927,300 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.05) to $0.85 Per Share

Overall MarketRank™

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

1.91 out of 5 stars

Consumer Discretionary Sector

217th out of 273 stocks

Radio Broadcasting Stations Industry

9th out of 10 stocks

See Top Rated MarketRank™ Stocks Here

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

June 2, 2023 | finance.yahoo.com
Here’s Why iHeartMedia (IHRT) Declined in Q1
June 1, 2023 | nypost.com
iHeartMedia CEO Bob Pittman sings radio’s praises, says it’s as ‘strong as ever’
June 2, 2023 | Legacy Research (Affiliate) (Ad)
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
June 1, 2023 | msn.com
iHeartMedia CEO Bob Pittman sings radio’s praises
May 24, 2023 | benzinga.com
iHeartMedia Launches Access Day, With 24 Hours of Once-in-a-Lifetime Experiences and Exclusive Deals Available Across the U.S.
May 23, 2023 | benzinga.com
iHeartMedia's My Cultura Announces Second Season of "In Our Own World," a Podcast by Emily Estefan and Gemeny Hernandez
May 19, 2023 | americanbankingnews.com
iHeartMedia, Inc. (NASDAQ:IHRT) Receives $6.75 Average PT from Brokerages
May 18, 2023 | businesswire.com
iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in J.P. Morgan’s ...
June 2, 2023 | Legacy Research (Affiliate) (Ad)
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
May 16, 2023 | finance.yahoo.com
iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in J.P. Morgan’s 51st Annual Global Technology, Media and Communications Conference
May 10, 2023 | finance.yahoo.com
Chairman & CEO of iHeartMedia Robert Pittman Buys 8.6% More Shares \
May 8, 2023 | americanbankingnews.com
iHeartMedia, Inc. (NASDAQ:IHRT) CEO Robert W. Pittman Purchases 88,028 Shares
May 7, 2023 | americanbankingnews.com
Barrington Research Comments on iHeartMedia, Inc.'s Q2 2023 Earnings (NASDAQ:IHRT)
May 6, 2023 | americanbankingnews.com
FY2026 Earnings Forecast for iHeartMedia, Inc. Issued By B. Riley (NASDAQ:IHRT)
May 6, 2023 | americanbankingnews.com
B. Riley Analysts Lower Earnings Estimates for iHeartMedia, Inc. (NASDAQ:IHRT)
May 6, 2023 | americanbankingnews.com
Research Analysts Issue Forecasts for iHeartMedia, Inc.'s FY2024 Earnings (NASDAQ:IHRT)
May 5, 2023 | americanbankingnews.com
Research Analysts Set Expectations for iHeartMedia, Inc.'s Q2 2023 Earnings (NASDAQ:IHRT)
May 5, 2023 | americanbankingnews.com
B. Riley Lowers iHeartMedia (NASDAQ:IHRT) Price Target to $13.00
May 5, 2023 | americanbankingnews.com
iHeartMedia (NASDAQ:IHRT) Sets New 52-Week Low After Analyst Downgrade
May 4, 2023 | americanbankingnews.com
iHeartMedia (NASDAQ:IHRT) Given New $4.50 Price Target at Wells Fargo & Company
April 28, 2023 | americanbankingnews.com
iHeartMedia, Inc. (NASDAQ:IHRT) Forecasted to Earn Q4 2023 Earnings of $0.50 Per Share
April 27, 2023 | americanbankingnews.com
Barrington Research Research Analysts Lift Earnings Estimates for iHeartMedia, Inc. (NASDAQ:IHRT)
April 25, 2023 | americanbankingnews.com
iHeartMedia (IHRT) Scheduled to Post Earnings on Tuesday
April 24, 2023 | americanbankingnews.com
Analysts Set iHeartMedia, Inc. (NASDAQ:IHRT) PT at $7.83
April 18, 2023 | finance.yahoo.com
iHeartMedia, Inc. to Report Quarterly Financial Results on May 2, 2023
April 18, 2023 | finance.yahoo.com
Bullish insiders at iHeartMedia, Inc. (NASDAQ:IHRT) loaded up on US$2.8m of stock earlier this year
April 10, 2023 | finance.yahoo.com
iHeartMedia Names Jon Kurland Executive Vice President of Business Affairs and Chief Entertainment Counsel
See More Headlines

IHRT Price History

IHRT Company Calendar

Last Earnings
5/02/2023
Today
6/02/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Radio broadcasting stations
Sub-Industry
N/A
Sector
Consumer Discretionary
Current Symbol
NASDAQ:IHRT
CUSIP
N/A
CIK
1400891
Web
www.iheartmedia.com
Phone
210-822-2828
Fax
302-655-5049
Employees
11,000
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$7.64
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+145.0%
Consensus Rating
Hold
Rating Score (0-4)
1.71
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.95)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-264,660,000.00
Net Margins
-11.30%
Pretax Margin
-8.64%
Return on Equity
-14.70%
Return on Assets
-1.16%

Debt

Debt-to-Equity Ratio
11.43
Current Ratio
1.94
Quick Ratio
1.94

Sales & Book Value

Annual Sales
$3.91 billion
Price / Sales
0.11
Cash Flow
$1.71 per share
Price / Cash Flow
1.82
Book Value
$3.29 per share
Price / Book
0.95

Miscellaneous

Outstanding Shares
143,290,000
Free Float
139,131,000
Market Cap
$447.06 million
Optionable
Optionable
Beta
1.65

Social Links


Key Executives

  • Mr. Robert W. PittmanMr. Robert W. Pittman (Age 69)
    Chairman & CEO
    Comp: $8.77M
  • Mr. Richard J. BresslerMr. Richard J. Bressler (Age 66)
    Pres, COO, CFO & Director
    Comp: $7.65M
  • Mr. Scott D. Hamilton (Age 53)
    Sr. VP, Chief Accounting Officer & Assistant Sec.
    Comp: $894.62k
  • Mr. Michael B. McGuinnessMr. Michael B. McGuinness (Age 46)
    Exec. VP of Fin., Deputy CFO & Head of Investor Relations
    Comp: $2.04M
  • Ms. Jordan R. Fasbender (Age 40)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $1.46M
  • Mr. Steve Mills (Age 64)
    Global Chief Information Officer
  • Ms. Wendy Goldberg (Age 59)
    Exec. VP & Chief Communications Officer
  • Ms. Gayle Troberman
    Chief Marketing Officer & Exec. VP
  • Mr. Joseph C. Robinson (Age 59)
    Pres of Corp. Devel. & Ventures
  • Mr. Jeff Howard
    Pres of National Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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 twelve months. There are currently 3 sell ratings, 3 hold ratings and 1 buy rating 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 brokers have issued 1-year price targets for iHeartMedia's stock. Their IHRT share price forecasts range from $4.00 to $13.00. On average, they expect the company's stock price to reach $7.64 in the next year. This suggests a possible upside of 145.0% 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 2023?

iHeartMedia's stock was trading at $6.13 at the start of the year. Since then, IHRT stock has decreased by 49.1% and is now trading at $3.12.
View the best growth stocks for 2023 here.

Are investors shorting iHeartMedia?

iHeartMedia saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,990,000 shares, an increase of 19.4% from the April 30th total of 6,690,000 shares. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is presently 6.6 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 Thursday, August 3rd 2023.
View our IHRT earnings forecast.

How were iHeartMedia's earnings last quarter?

iHeartMedia, Inc. (NASDAQ:IHRT) announced its earnings results on Tuesday, May, 2nd. The company reported ($1.50) EPS for the quarter, missing the consensus estimate of ($0.71) by $0.79. The company earned $811.24 million during the quarter, compared to analysts' expectations of $795.37 million. iHeartMedia had a negative net margin of 11.30% and a negative trailing twelve-month return on equity of 14.70%.

What ETFs hold iHeartMedia's stock?

ETFs with the largest weight of iHeartMedia (NASDAQ:IHRT) stock in their portfolio include Invesco Dynamic Media ETF (PBS), First Trust S-Network Streaming and Gaming ETF (BNGE), Global X Millennial Consumer ETF (MILN), Vanguard Communication Services ETF (VOX).Fidelity MSCI Communication Services Index ETF (FCOM),

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.02%), Douglas Lane & Associates LLC (2.81%), Charles Schwab Investment Management Inc. (1.88%), State Street Corp (1.75%), Silver Point Capital L.P. (1.60%) and Geode Capital Management LLC (1.58%). Insiders that own company stock include James A Rasulo, Media & Entertainment I Global, Michael B Mcguinness, Richard J Bressler, Robert W Pittman, Scott D Hamilton 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 $3.12.

How much money does iHeartMedia make?

iHeartMedia (NASDAQ:IHRT) has a market capitalization of $447.06 million and generates $3.91 billion in revenue each year. The company earns $-264,660,000.00 in net income (profit) each year or ($2.95) on an earnings per share basis.

How many employees does iHeartMedia have?

The company employs 11,000 workers across the globe.

Does iHeartMedia have any subsidiaries?
The following companies are subsidiares of iHeartMedia: AMFM Broadcasting Inc., AMFM Broadcasting Licenses LLC, AMFM Operating Inc., AMFM Radio Licenses LLC, AMFM Texas Broadcasting LP, AMFM Texas LLC, AMFM Texas Licenses LLC, Aircheck India Pvt. Ltd., Austin Tower Company, Broader Media Funding LLC, Broader Media Holdings LLC, Broader Media LLC, CC Broadcast Holdings Inc., CC Finco Holdings LLC, CC Finco LLC, CC Finco Merger Sub LLC, CC Licenses LLC, CC Outdoor Holdings Inc., Capstar Radio Operating Company, Capstar TX LLC, Christal Radio Sales Inc., Cine Guarantors II Inc., Citicasters Co., Citicasters Licenses Inc., Clear Channel Broadcasting Licenses Inc., Clear Channel Holdings Inc., Clear Channel Investments Inc., Clear Channel Metro LLC, Clear Channel Mexico Holdings Inc., Clear Channel Outdoor Holdings Inc., Clear Channel Real Estate LLC, Clear Channel Real Estate Services LLC, Critical Mass Media Inc., HowStuffWorks, Jelli Inc., Katz Communications Inc., Katz Media Group Inc., Katz Millennium Sales & Marketing Inc., Katz Net Radio Sales Inc., Los Angeles Broadcasting Partners LLC, M Street Corporation, Media Monitors (M) Sdn. Bhd., Media Monitors Dominican Republic, Metro Networks Communications LP, Metro Networks Services Inc., Premiere Networks Inc., RCS Europe SARL, RCS Radio Computing China Inc., Radio Computing Services (Africa) Pty Ltd., Radio Computing Services (India) Pvt. Ltd., Radio Computing Services (NZ) Ltd., Radio Computing Services (SEA) Pte Ltd., Radio Computing Services (Thailand) Ltd., Radio Computing Services (UK) Ltd., Radio Computing Services Canada Ltd., Radio Computing Services of Australia Pty Ltd., SmartRoute Systems Inc., Stuff Media, TLAC Inc., TTWN Media Networks LLC, TTWN Networks LLC, Terrestrial RF Licensing Inc., Thumbplay, Tower FM Consortium LLC, iHM Identity Inc., iHeartCommunications Inc., iHeartMedia + Entertainment Inc., iHeartMedia Capital I LLC, iHeartMedia Capital II LLC, iHeartMedia Management Services Inc., and iHeartMedia Tower Co. Holdings LLC.
Read More
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 6/2/2023 by MarketBeat.com Staff

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