iHeartMedia (IHRT) Stock Price, News & Analysis

Company Overview

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. It also delivers real-time traffic flow and incident information, and weather updates, sports, and news. The Digital Audio Group segment provides podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a mobile app and web based service for radio stations, digital only stations, custom artist stations, and podcasts. The Audio and Media Services Group segment engages in the media representation business; and provides scheduling and broadcast software and services. This segment also provides RCS, a cloud and on-premises broadcast software, such as radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions; and real-time audio recognition technology to radio and television stations, cable channels, record labels, advertisers, and agencies, as well as media streaming and research services. The company was formerly known as CC Media Holdings, Inc. and changed its name to iHeartMedia, Inc. in September 2014. The company is headquartered in San Antonio, Texas.

Key Stats

• Today's Range: $1.83 to $2.01
• 50-Day Range: $1.70 to $2.61
• 52-Week Range: $0.81 to $3.04
• Volume: 2.40 million shs
• Average Volume: 960,352 shs
• Market Capitalization: $276.50 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.00
• Consensus Rating: Hold

iHeartMedia Stock Analysis - MarketRank™

iHeartMedia scored higher than 34% of companies evaluated by MarketBeat, and ranked 221st out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

iHeartMedia has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

iHeartMedia has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for iHeartMedia are expected to grow in the coming year, from ($0.13) to ($0.11) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of iHeartMedia is -0.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of iHeartMedia is -0.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.08% of the float of iHeartMedia has been sold short.

Short Interest Ratio / Days to Cover

iHeartMedia has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in iHeartMedia has recently increased by 13.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

iHeartMedia does not currently pay a dividend.

Dividend Growth

iHeartMedia does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.08% of the float of iHeartMedia has been sold short.

Short Interest Ratio / Days to Cover

iHeartMedia has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in iHeartMedia has recently increased by 13.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: N/A

News Sentiment

iHeartMedia has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 1 news article for iHeartMedia this week, compared to 2 articles on an average week.

MarketBeat Follows

4 people have added iHeartMedia to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, iHeartMedia insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $96,535.00 in company stock.

Percentage Held by Insiders

Only 6.30% of the stock of iHeartMedia is held by insiders.

Percentage Held by Institutions

93.89% of the stock of iHeartMedia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IHRT Stock Analysis - Frequently Asked Questions

How have IHRT shares performed this year?

iHeartMedia's stock was trading at $2.67 at the start of the year. Since then, IHRT shares have decreased by 29.6% and is now trading at $1.88.
View the best growth stocks for 2024 here.

How were iHeartMedia's earnings last quarter?

iHeartMedia, Inc. (NASDAQ:IHRT) posted its quarterly earnings data on Thursday, May, 9th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.55) by $0.43. The firm had revenue of $799.04 million for the quarter, compared to analysts' expectations of $806.62 million.

Does iHeartMedia have any subsidiaries?

iHeartMedia subsidiaries include these companies: Jelli Inc., HowStuffWorks, Stuff Media, Thumbplay, Aircheck India Pvt. Ltd., AMFM Broadcasting Inc., AMFM Broadcasting Licenses LLC, and more.

Who are iHeartMedia's major shareholders?

Top institutional investors of iHeartMedia include Douglas Lane & Associates LLC (4.77%), Charles Schwab Investment Management Inc. (1.86%), Geode Capital Management LLC (1.71%) and GSA Capital Partners LLP (0.33%). Insiders that own company stock include Media & Entertainment I Global, Robert W Pittman, Richard J Bressler, James A Rasulo, Michael B Mcguinness and Scott D Hamilton.
View institutional ownership trends.

How do I buy shares of iHeartMedia?

Shares of IHRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of iHeartMedia own?

Based on aggregate information from My MarketBeat watchlists, some other companies that iHeartMedia investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Radio broadcasting stations
• Sub-Industry: Communication
• Current Symbol: NASDAQ:IHRT
• CUSIP: N/A
• CIK: 1400891
• Web: www.iheartmedia.com
• Phone: 210-822-2828
• Fax: 302-655-5049
• Employees: 10,800
• Year Founded: 1972

Price Target and Rating

• Average Stock Price Target: $3.00
• High Stock Price Target: $5.00
• Low Stock Price Target: $1.00
• Potential Upside/Downside: +59.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($6.80)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-1,102,660,000.00
• Net Margins: -27.04%
• Pretax Margin: -28.50%
• Return on Equity: N/A
• Return on Assets: -1.00%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.93
• Quick Ratio: 1.93

Sales & Book Value

• Annual Sales: $3.80 billion
• Price / Sales: 0.07
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($2.64) per share
• Price / Book: -0.71

Miscellaneous

• Outstanding Shares: 147,074,000
• Free Float: 137,808,000
• Market Cap: $276.50 million
• Optionable: Optionable
• Beta: 1.71