FY2026 EPS Estimates for iHeartMedia Decreased by Analyst

iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) - Equities researchers at Barrington Research decreased their FY2026 earnings estimates for iHeartMedia in a report released on Friday, February 28th. Barrington Research analyst P. Sholl now expects that the company will earn $0.45 per share for the year, down from their prior forecast of $0.59. Barrington Research currently has a "Hold" rating on the stock. The consensus estimate for iHeartMedia's current full-year earnings is ($0.13) per share. Barrington Research also issued estimates for iHeartMedia's Q4 2026 earnings at $0.55 EPS and FY2027 earnings at $0.04 EPS.

A number of other research analysts have also weighed in on IHRT. Bank of America raised shares of iHeartMedia from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $1.00 to $3.00 in a research note on Tuesday, November 12th. Guggenheim lifted their price objective on iHeartMedia from $3.00 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th.

iHeartMedia Price Performance

IHRT traded down $0.17 on Monday, reaching $1.60. 1,597,801 shares of the company's stock were exchanged, compared to its average volume of 672,821. iHeartMedia has a twelve month low of $0.81 and a twelve month high of $2.84. The stock has a market cap of $235.32 million, a PE ratio of -0.24 and a beta of 1.73. The stock's fifty day moving average price is $2.16 and its 200-day moving average price is $2.02.

Hedge Funds Weigh In On iHeartMedia

Several institutional investors and hedge funds have recently bought and sold shares of IHRT. Barclays PLC increased its holdings in shares of iHeartMedia by 513.4% during the 3rd quarter. Barclays PLC now owns 362,060 shares of the company's stock worth $670,000 after buying an additional 303,034 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iHeartMedia by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 2,062,753 shares of the company's stock worth $3,816,000 after acquiring an additional 71,921 shares during the last quarter. GSA Capital Partners LLP raised its position in iHeartMedia by 19.2% in the third quarter. GSA Capital Partners LLP now owns 485,096 shares of the company's stock valued at $897,000 after purchasing an additional 78,177 shares during the period. SG Americas Securities LLC lifted its stake in shares of iHeartMedia by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 45,648 shares of the company's stock valued at $90,000 after purchasing an additional 9,592 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of iHeartMedia by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,515,516 shares of the company's stock worth $4,655,000 after purchasing an additional 137,896 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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.