IHRT - iHeartMedia, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
17.91
-0.08 (-0.44%)
At close: 4:00PM EST
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Previous Close17.99
Open18.00
Bid15.50 x 900
Ask18.63 x 1000
Day's Range17.75 - 18.12
52 Week Range12.73 - 19.69
Volume172,279
Avg. Volume340,934
Market Cap1.155B
Beta (5Y Monthly)N/A
PE Ratio (TTM)0.22
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • TheStreet.com

    Rush Limbaugh Has Advanced Lung Cancer

    Rush Limbaugh has announced he has advanced lung cancer. Limbaugh is a popular syndicated radio commentator on iHeartMedia's Premiere Networks. Limbaugh, known for being a cigar aficionado, went on to speak of his closeness to his audience.

  • Oxford Industries, iHeartMedia among Wall Street analysts’ favorite stocks
    TipRanks

    Oxford Industries, iHeartMedia among Wall Street analysts’ favorite stocks

    Everybody likes an upgrade. For a previously unloved stock to be awarded an upgrade from a top analyst, the implications can be far reaching for investors. Often causing an uptick in the share price and setting a snowball effect in motion, the act can signal the turning of a corner in some cases.With this in mind, we used TipRanks’ Daily Stock Ratings to pinpoint 2 stocks which were reassessed by those in the know. Both were given upgrades to go along with their current “Strong Buy” consensus ratings. Let’s dive right in.Oxford Industries (OXM)High-end clothing company Oxford Industries owns several well-known brands including Tommy Bahama, Lilly Pulitzer and Southern Tide. The Atlanta-based company saw a modest gain in 2019, adding 8% to its share price but lagging behind the S&P 500’s impressive 29% increase. The so-so performance, though, sets the company up nicely for 2020, argues Needham’s Rick Patel.After delivering a solid 3Q earnings report, last year’s shorter holiday shopping window caused a deceleration in sales figures for Oxford across the board. This caused management to lower expectations for its forthcoming 4Q report. Patel believes the lowered expectations are achievable, especially when considering industry results so far, which point to growing demand in the days leading up to Christmas. Furthermore, the analyst thinks the clothing specialist has “compelling growth drivers for each of its major brands in 2020 that can fuel sales.”Of note to Patel are Tommy Bahama’s Marlin Bars, which following higher comps in 2019’s first three quarters, should be able to build on the momentum with six new store openings in 2020. Patel thinks the label’s strong brand and product affinity are key. Additionally, the stores will add revenue from outdoor space without the associated rent expense. This, according to Patel, “implies very attractive economics for the new locations in the pipeline.”Lilly’s West Coast expansion is just beginning, too. Patel notes that while the brand has traditionally been an East Coast name, the recent openings on the West Coast have been promising. Given the brand only has 63 owned locations, the analyst sees “significant white space opportunity.” Finally, Southern Tide presents a compelling retail opportunity; historically, the brand’s growth has been dominated by wholesale and e-commerce. The brand now has 14 signature stores which Patel thinks can drive further growth in 2020.Put together, what does it all mean? Its means Patel upgraded his rating on the clothing company, from Hold to Buy, and set a price target of $79. Should the figure be met, investors will be stuffing their high-end pants pockets with gains of 10% over the next year. (To watch Patel’s track record, click here)Only two fellow analysts have chimed in with a view on the clothing maker’s prospects. Both are bullish, though, and recommend a Buy, making the Street consensus a Strong Buy. The average price target comes in at $84 and suggests possible upside of 17%. (See OXM stock analysis on TipRanks)iHeartMedia Inc. (IHRT)Turning the dial, we tune into iHeartMedia - the largest radio station group owner in the US. The company owns 855 stations and reaches more than 110 million listeners a week. Following a few turbulent years which culminated in filing for bankruptcy in 2018, the company restructured and went public in July of last year.In contrast to fellow radio broadcasters, B.Riley FBR’s Zachary Silver sees a “compelling setup” for iHeartMedia in 2020. The 4-star analyst points out core revenue trends across the industry will decline slightly for the next couple of years, but argues the company is an outlier for a number of reasons.The main driver will be the “meaningful restructuring activity” that began in mid-January. The analyst believes IHRT will slash more that $50 million in spending this year, which will drive almost 1% of an incremental AEBITDA margin compared to his previous model. The second catalyst involves Liberty Media’s recent interest in the company.Silver said, “While our sense is that investors remain skeptical towards the radio broadcasting group, we see reasons to expect both healthy growth and multiple expansion for IHRT over the next year. Additionally, despite our initial skepticism around Liberty Media’s/SIRI’s interest in acquiring IHRT, we now see, in a best-case scenario, Liberty’s interest evolving into a deal announcement sometime this year. Even without a deal, we believe that Liberty’s interest alone provides a sturdier floor for IHRT.”Silver’s confidence in iHeartMedia’s ability to perform in 2020 has the analyst sticking an upgrade tag on the radio broadcaster. The Neutral rating became a Buy and the price target got a boost, too, from $17 to $23. The implication? Possible gains of 27% over the next year. (To watch Silver’s track record, click here)The Street is tuned in to the same wavelength as Silver. 4 Buys and 1 Hold dished out over the last three months add up to a Strong Buy consensus rating. At $20.20, the average price target presents potential upside of 11%. (See IHRT stock analysis on TipRanks)

  • Three SA companies score high in LGBTQ-inclusive workplace policies
    American City Business Journals

    Three SA companies score high in LGBTQ-inclusive workplace policies

    Three San Antonio-based companies scored high while a local oil and gas company came in low on the Human Rights Campaign's new corporate equality index. Cloud computing company Rackspace Hosting Inc. and financial services provider USAA earned 100 percent ratings among 84 Texas companies on the HRC's list, which was released Tuesday and includes hundreds of the largest U.S. companies. Broadcast media corporation iHeartMedia Inc. (Nasdaq: IHRT) earned a 95 percent rating.

  • iHeartMedia makes moves to restructure; layoffs follow
    American City Business Journals

    iHeartMedia makes moves to restructure; layoffs follow

    San Antonio based iHeartMedia Inc. has announced a new organizational structure for its advertising, as well as a push to use recent technological acquisitions. The latter has led to reports of layoffs across the nation, including in San Antonio.

  • Prominent Louisville radio personalities cut with major iHeartMedia restructuring
    American City Business Journals

    Prominent Louisville radio personalities cut with major iHeartMedia restructuring

    A corporate restructuring of radio and audio giant iHeartMedia Inc. has led to layoffs for at least four significant Louisville radio personalities on the news and sports side of the company’s Louisville operations. John Ramsey and Mike Rutherford, hosts of the afternoon “Ramsey and Rutherford” sports talk show on 790 WKRD, both tweeted out Tuesday that they had been laid off and their show had been canceled. Leland Conway, host of the Leland Conway Show on 840 WHAS, also announced his departure via Twitter.

  • Hedge Fund Favorites vs. iHeartMedia, Inc. (IHRT) In 2019
    Insider Monkey

    Hedge Fund Favorites vs. iHeartMedia, Inc. (IHRT) In 2019

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • American City Business Journals

    Exclusive: iHeartRadio selects downtown tower for office hub

    iHeartRadio has selected the high-rise where it wants to open what it's billing as a "second headquarters" for its digital division.

  • TheStreet.com

    DOJ Reportedly May Challenge Liberty Media's Acquisition of iHeartMedia

    The Department of Justice may challenge Liberty Media's attempt to acquire iHeartMedia, a report says.

  • American City Business Journals

    Year In Review 2019: The biggest business of media stories

    The Philadelphia-area media scene was hit by bankruptcies, unionization, strategic shifts, mergers and acquisitions and the departures of some key figures. One of the biggest themes of the year, though, was how various media outlets looked to capitalize on the growing popularity of legalized sports betting. The catalyst was the May 2018 U.S. Supreme Court ruling that struck down a federal law that effectively banned sports gambling in most states.

  • Internet-Proof Retailer Trading at a Distressed Price Creates Opportunity
    GuruFocus.com

    Internet-Proof Retailer Trading at a Distressed Price Creates Opportunity

    Build-A-Bear is moving the correct levers to drive a higher future ROE and stock price Continue reading...

  • Is iHeartMedia, Inc. (IHRT) A Good Stock To Buy?
    Insider Monkey

    Is iHeartMedia, Inc. (IHRT) A Good Stock To Buy?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • iHeartMedia promotes Derrick Brown to lead urban programming in Chicago
    American City Business Journals

    iHeartMedia promotes Derrick Brown to lead urban programming in Chicago

    Brown's promotion reflects the importance of the urban contemporary format in the IHeartMedia Chicago cluster of radio stations.

  • iHeartRadio office could involve several hundred jobs
    American City Business Journals

    iHeartRadio office could involve several hundred jobs

    Media company iHeartRadio could house a few hundred employees in its newly announced Nashville office, based on the amount of office space the company is seeking. The company (Nasdaq: IHRT) is negotiating to lease about 40,000 square feet of office space, a spokeswoman confirmed to the Business Journal on Tuesday. In making its Dec. 2 announcement, iHeartRadio did not disclose the scope of its forthcoming office, or how many jobs it could entail.

  • The Empire State Building And Kay Jewelers, In Partnership With iHeartMedia, Announce That It's 'Christmas in New York' With A Brand-New Holiday Light Show Featuring Lea Michele
    PR Newswire

    The Empire State Building And Kay Jewelers, In Partnership With iHeartMedia, Announce That It's 'Christmas in New York' With A Brand-New Holiday Light Show Featuring Lea Michele

    Empire State Realty Trust, Inc. (NYSE: ESRT) and iHeartMedia today announced that the annual Empire State Building (ESB) holiday music-to-light show, presented by Kay Jewelers®, will feature Lea Michele's brand-new song "Christmas in New York," from her new album Christmas in The City.

  • iHeartMedia plants flag in Nashville
    American City Business Journals

    iHeartMedia plants flag in Nashville

    iHeartMedia, the parent company for iHeartRadio, is making a play in Nashville's music and technology space.

  • Zendesk, iHeartMedia, Nvidia and Microsoft highlighted as Zacks Bull and Bear of the Day
    Zacks

    Zendesk, iHeartMedia, Nvidia and Microsoft highlighted as Zacks Bull and Bear of the Day

    Zendesk, iHeartMedia, Nvidia and Microsoft highlighted as Zacks Bull and Bear of the Day

  • Bear of The Day: iHeartRadio (IHRT)
    Zacks

    Bear of The Day: iHeartRadio (IHRT)

    Bear of The Day: iHeartRadio (IHRT)

  • New Strong Sell Stocks for November 22nd
    Zacks

    New Strong Sell Stocks for November 22nd

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • New Strong Sell Stocks for November 19th
    Zacks

    New Strong Sell Stocks for November 19th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Moody's

    iHeartCommunications, Inc. -- Moody's assigns B1 rating to iHeartCommunications' proposed senior secured notes

    Moody's Investors Service (Moody's) assigned a B1 rating to iHeartCommunications, Inc.'s (iHeart) proposed $500 million senior secured notes due 2028. The B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) are unchanged. Additionally, the B1 rating on the senior secured term loan, B1 rating on the senior secured notes, and Caa1 rating on the senior unsecured notes are also unchanged.

  • Moody's

    Clear Channel Worldwide Holdings, Inc. -- Moody's announces completion of a periodic review of ratings of Clear Channel Outdoor Holdings, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Clear Channel Outdoor Holdings, Inc. New York, November 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Clear Channel Outdoor Holdings, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Thomson Reuters StreetEvents

    Edited Transcript of IHRT earnings conference call or presentation 7-Nov-19 1:30pm GMT

    Q3 2019 iHeartMedia Inc Earnings Call

  • How Many iHeartMedia, Inc. (NASDAQ:IHRT) Shares Do Institutions Own?
    Simply Wall St.

    How Many iHeartMedia, Inc. (NASDAQ:IHRT) Shares Do Institutions Own?

    The big shareholder groups in iHeartMedia, Inc. (NASDAQ:IHRT) have power over the company. Institutions often own...

  • The Trade Desk (TTD) to Report Q3 Earnings: What's in Store?
    Zacks

    The Trade Desk (TTD) to Report Q3 Earnings: What's in Store?

    The Trade Desk's (TTD) third-quarter 2019 results are likely to gain from increasing programmatic ad buying, growing premium-inventory partnerships and solid adoption of unified ID solution.