Brokers Issue Forecasts for iHeartMedia FY2027 Earnings

iHeartMedia, Inc. (NASDAQ:IHRT) – Equities researchers at Barrington Research issued their FY2027 earnings estimates for shares of iHeartMedia in a report issued on Tuesday, November 12th. Barrington Research analyst P. Sholl forecasts that the company will post earnings per share of $0.09 for the year. Barrington Research has a “Hold” rating on the stock. The consensus estimate for iHeartMedia’s current full-year earnings is $0.19 per share.

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

iHeartMedia Stock Down 4.2 %

NASDAQ IHRT opened at $2.29 on Wednesday. The company has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $1.53. iHeartMedia has a 1 year low of $0.81 and a 1 year high of $3.12.

Institutional Trading of iHeartMedia

Several hedge funds have recently bought and sold shares of IHRT. FMR LLC raised its position in iHeartMedia by 25.2% during the 3rd quarter. FMR LLC now owns 22,879 shares of the company’s stock valued at $42,000 after purchasing an additional 4,598 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of iHeartMedia by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 184,290 shares of the company’s stock valued at $201,000 after acquiring an additional 7,258 shares during the period. PFG Investments LLC increased its holdings in shares of iHeartMedia by 53.5% in the 2nd quarter. PFG Investments LLC now owns 33,000 shares of the company’s stock valued at $36,000 after acquiring an additional 11,500 shares during the period. Intech Investment Management LLC purchased a new position in shares of iHeartMedia in the 3rd quarter valued at $45,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of iHeartMedia by 169.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,790 shares of the company’s stock valued at $84,000 after acquiring an additional 25,001 shares during the period. Institutional investors own 93.89% of the company’s stock.

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.