iHeartMedia (IHRT) to Release Quarterly Earnings on Thursday

iHeartMedia (NASDAQ:IHRT) is scheduled 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 registering for the company’s conference call can do so using this link.

iHeartMedia (NASDAQ:IHRT) last announced its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) 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 analysts’ expectations of $1.04 billion. iHeartMedia had a negative return on equity of 1,197.12% and a negative net margin of 29.40%. 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 Down 3.8 %

Shares of iHeartMedia stock opened at $2.27 on Wednesday. The stock has a market capitalization of $328.58 million, a P/E ratio of -0.31 and a beta of 1.84. The stock has a 50 day moving average price of $2.12 and a two-hundred day moving average price of $2.36. iHeartMedia has a 12-month low of $1.77 and a 12-month high of $4.74.

Wall Street Analyst Weigh In

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