Barrington Research Predicts iHeartMedia FY2027 Earnings

iHeartMedia, Inc. (NASDAQ:IHRT) – Analysts at Barrington Research issued their FY2027 earnings per share estimates for shares of iHeartMedia in a report issued on Tuesday, November 12th. Barrington Research analyst P. Sholl expects that the company will post earnings of $0.09 per share for the year. Barrington Research has a “Hold” rating on the stock. The consensus estimate for iHeartMedia’s current full-year earnings is $0.17 per share.

Separately, Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $1.00 to $3.00 in a research note on Tuesday.

iHeartMedia Price Performance

NASDAQ:IHRT opened at $2.39 on Wednesday. iHeartMedia has a 1 year low of $0.81 and a 1 year high of $3.12. The stock’s 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $1.53. The company has a market cap of $350.88 million, a price-to-earnings ratio of -0.35, a PEG ratio of 0.56 and a beta of 1.69.

Hedge Funds Weigh In On iHeartMedia

Hedge funds have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new stake in shares of iHeartMedia in the 1st quarter worth $181,000. Mitsubishi UFJ Trust & Banking Corp increased its position in iHeartMedia by 169.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,790 shares of the company’s stock valued at $84,000 after buying an additional 25,001 shares in the last quarter. Vanguard Group Inc. increased its position in iHeartMedia by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 6,580,896 shares of the company’s stock valued at $13,754,000 after buying an additional 203,917 shares in the last quarter. SG Americas Securities LLC acquired a new position in iHeartMedia during the 2nd quarter valued at about $69,000. Finally, AEGON USA Investment Management LLC increased its position in iHeartMedia by 128.3% during the 2nd quarter. AEGON USA Investment Management LLC now owns 208,713 shares of the company’s stock valued at $227,000 after buying an additional 117,273 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

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.