iHeartMedia (IHRT) Projected to Post Quarterly Earnings on Thursday

iHeartMedia (NASDAQ:IHRT) is projected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect iHeartMedia to post earnings of $0.44 per share and revenue of $1.17 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

iHeartMedia Stock Down 2.7 %

IHRT stock opened at $2.20 on Wednesday. iHeartMedia has a twelve month low of $0.81 and a twelve month high of $3.04. The company has a market cap of $323.56 million, a P/E ratio of -0.32 and a beta of 1.73. The business has a fifty day moving average of $2.16 and a 200-day moving average of $2.00.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barrington Research raised iHeartMedia to a “hold” rating in a report on Tuesday, November 12th. Guggenheim boosted their price target on shares of iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America raised shares of iHeartMedia from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $1.00 to $3.00 in a research note on Tuesday, November 12th.

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.