Wall Street analysts expect iHeartMedia, Inc. (NASDAQ:IHRT) to report earnings of ($0.53) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for iHeartMedia’s earnings, with the highest EPS estimate coming in at ($0.47) and the lowest estimate coming in at ($0.58). iHeartMedia reported earnings of $0.27 per share in the same quarter last year, which indicates a negative year over year growth rate of 296.3%. The business is expected to report its next quarterly earnings results on Thursday, May 6th.

On average, analysts expect that iHeartMedia will report full year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.19) to $0.14. For the next fiscal year, analysts forecast that the company will report earnings of $1.28 per share, with EPS estimates ranging from $0.76 to $1.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow iHeartMedia.

iHeartMedia (NASDAQ:IHRT) last announced its earnings results on Thursday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.24). The business had revenue of $935.53 million for the quarter, compared to analyst estimates of $886.48 million.

Several brokerages recently issued reports on IHRT. Wells Fargo & Company raised their target price on shares of iHeartMedia from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, January 19th. JPMorgan Chase & Co. upgraded shares of iHeartMedia from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $13.00 to $17.00 in a report on Monday, March 22nd. Morgan Stanley increased their price target on shares of iHeartMedia from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wolfe Research upgraded shares of iHeartMedia from a “peer perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a research report on Wednesday, March 31st. Finally, Zacks Investment Research downgraded shares of iHeartMedia from a “buy” rating to a “hold” rating in a research report on Friday, February 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.33.

IHRT stock traded down $0.19 on Thursday, hitting $17.64. The company had a trading volume of 22,575 shares, compared to its average volume of 1,161,952. iHeartMedia has a 12-month low of $5.61 and a 12-month high of $19.10. The stock’s 50-day simple moving average is $16.39 and its 200 day simple moving average is $13.75.

Several hedge funds have recently made changes to their positions in IHRT. Wells Fargo & Company MN raised its position in shares of iHeartMedia by 32.3% during the 3rd quarter. Wells Fargo & Company MN now owns 213,899 shares of the company’s stock valued at $1,736,000 after purchasing an additional 52,244 shares during the period. California Public Employees Retirement System raised its position in shares of iHeartMedia by 3.6% during the 3rd quarter. California Public Employees Retirement System now owns 141,243 shares of the company’s stock valued at $1,147,000 after purchasing an additional 4,888 shares during the period. BlackRock Inc. raised its position in shares of iHeartMedia by 12.3% during the 3rd quarter. BlackRock Inc. now owns 5,594,676 shares of the company’s stock valued at $45,427,000 after purchasing an additional 612,838 shares during the period. Victory Capital Management Inc. raised its position in shares of iHeartMedia by 7.9% during the 3rd quarter. Victory Capital Management Inc. now owns 115,276 shares of the company’s stock valued at $936,000 after purchasing an additional 8,443 shares during the period. Finally, State Street Corp raised its position in shares of iHeartMedia by 13.3% during the 3rd quarter. State Street Corp now owns 1,058,227 shares of the company’s stock valued at $8,593,000 after purchasing an additional 124,502 shares during the period.

About iHeartMedia

iHeartMedia, Inc operates as a media and entertainment company worldwide. It operates through two segments, Audio, and Audio and Media Services. The Audio segment offers broadcast radio, digital, mobile, podcasts, social, program syndication, traffic, weather, news and sports data distribution, and on-demand entertainment, as well as live events, including mobile platforms and products; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,200 radio station affiliates.

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Earnings History and Estimates for iHeartMedia (NASDAQ:IHRT)

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