The price of iHeartMedia Inc (NASDAQ: IHRT) closed at $2.05 in the last session, down -3.76% from day before closing price of $2.13. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 642081 shares were traded.
Ratios:
We take a closer look at IHRT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 1.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on March 28, 2023, Downgraded its rating to Underperform and sets its target price to $4 from $6.50 previously.
On March 01, 2023, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $10 to $5.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 14 ’23 when PITTMAN ROBERT W bought 100,000 shares for $2.06 per share. The transaction valued at 205,950 led to the insider holds 3,166,359 shares of the business.
PITTMAN ROBERT W bought 58,480 shares of IHRT for $201,066 on Aug 11 ’23. The Chairman and CEO now owns 3,066,359 shares after completing the transaction at $3.44 per share. On May 05 ’23, another insider, PITTMAN ROBERT W, who serves as the Chairman and CEO of the company, bought 88,028 shares for $2.88 each. As a result, the insider paid 253,441 and bolstered with 1,971,323 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IHRT now has a Market Capitalization of 298.18M and an Enterprise Value of 6.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 1.60 whereas that against EBITDA is 10.02.
Stock Price History:
Over the past 52 weeks, IHRT has reached a high of $4.74, while it has fallen to a 52-week low of $1.77. The 50-Day Moving Average of the stock is 2.3402, while the 200-Day Moving Average is calculated to be 2.8944.
Shares Statistics:
According to the various share statistics, IHRT traded on average about 944.01K shares per day over the past 3-months and 693.72k shares per day over the past 10 days. A total of 123.32M shares are outstanding, with a floating share count of 113.73M. Insiders hold about 21.38% of the company’s shares, while institutions hold 76.66% stake in the company. Shares short for IHRT as of Mar 15, 2024 were 5.44M with a Short Ratio of 5.77, compared to 5.87M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.76% and a Short% of Float of 6.76%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.56 for the current quarter, with a high estimate of -$0.51 and a low estimate of -$0.66, while EPS last year was -$1.5. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.06 and low estimates of -$0.1.
Analysts are recommending an EPS of between $0.24 and -$0.57 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.08, with 5 analysts recommending between $1.05 and -$0.34.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $805.21M. It ranges from a high estimate of $812M to a low estimate of $799.55M. As of the current estimate, iHeartMedia Inc’s year-ago sales were $796.84M, an estimated increase of 1.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $943.18M, an increase of 4.10% over than the figure of $1.10% in the same quarter last year. There is a high estimate of $953M for the next quarter, whereas the lowest estimate is $930M.
A total of 7 analysts have provided revenue estimates for IHRT’s current fiscal year. The highest revenue estimate was $3.97B, while the lowest revenue estimate was $3.89B, resulting in an average revenue estimate of $3.94B. In the same quarter a year ago, actual revenue was $3.75B, up 5.00% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.87B in the next fiscal year. The high estimate is $3.97B and the low estimate is $3.8B. The average revenue growth estimate for next year is down -1.80% from the average revenue estimate for this year.
