iHeartMedia (IHRT) to Release Quarterly Earnings on Thursday

iHeartMedia (NASDAQ:IHRT) is set to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

iHeartMedia (NASDAQ:IHRT) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. iHeartMedia had a negative net margin of 29.40% and a negative return on equity of 1,197.12%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last 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 Down 3.8 %

Shares of NASDAQ IHRT opened at $2.27 on Wednesday. iHeartMedia has a 52 week low of $1.77 and a 52 week high of $4.74. The firm has a 50-day moving average price of $2.12 and a 200 day moving average price of $2.36. The stock has a market capitalization of $328.58 million, a price-to-earnings ratio of -0.31 and a beta of 1.84.

Analyst Upgrades and Downgrades

Separately, Guggenheim reduced their price objective on shares of iHeartMedia from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.98.

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.