iHeartMedia (IHRT) Projected to Post Earnings on Thursday

iHeartMedia (NASDAQ:IHRT) is expected to be releasing its earnings data 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

iHeartMedia Trading Down 4.0 %

NASDAQ IHRT opened at $2.18 on Friday. iHeartMedia has a 1-year low of $0.81 and a 1-year high of $3.04. The company has a 50 day moving average of $2.16 and a 200-day moving average of $1.98. The company has a market cap of $320.61 million, a price-to-earnings ratio of -0.32 and a beta of 1.73.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IHRT. Barrington Research upgraded shares of iHeartMedia to a “hold” rating in a research report on Tuesday, November 12th. Bank of America upgraded shares of iHeartMedia from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $1.00 to $3.00 in a research report on Tuesday, November 12th. Finally, Guggenheim boosted their price objective on shares of iHeartMedia from $3.00 to $5.00 and gave the company a “buy” rating in a research 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.