iHeartMedia (IHRT) Expected to Announce Earnings on Thursday

iHeartMedia (NASDAQ:IHRT) will likely be posting 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

iHeartMedia Stock Up 7.1 %

Shares of IHRT stock opened at $2.26 on Tuesday. The stock has a 50-day simple moving average of $2.15 and a 200 day simple moving average of $2.00. iHeartMedia has a fifty-two week low of $0.81 and a fifty-two week high of $3.04. The stock has a market capitalization of $332.38 million, a P/E ratio of -0.33 and a beta of 1.73.

Wall Street Analysts Forecast Growth

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

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.