|Bid||15.00 x 1300|
|Ask||15.10 x 1000|
|Day's Range||14.17 - 15.99|
|52 Week Range||12.73 - 19.69|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||0.19|
|Earnings Date||Apr 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.05|
Translation Enterprises Announces Partnership with iHeartMedia, providing brands access to new audience cohorts powered by cultural intelligence.
iHeartMedia (IHRT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
iHeartMedia’s WEBG-FM (95.5) is making country's greatest hits — past and present — the centerpiece of the station’s weekend programming. The iHeart radio station familiarly known as “Big 95.5" on Friday said that, starting immediately, it will air a new weekend-long program every weekend called “Throwback Weekends." The show will take over the airwaves starting at 1 p.m. and continue through Saturday and Sunday. The new show will feature country music's greatest hits from the 80s and 90s.
iHeartMedia, the leading audio company in America which also has a greater reach in the U.S. than any other media outlet, announced today that Blake Shelton will join the lineup for the 2020 ‘iHeartCountry Festival Presented by Capital One’ on Saturday, May 2 at the Frank Erwin Center in Austin, Texas. The seventh annual event will also feature performances from Dierks Bentley, Sam Hunt, Lady Antebellum, Dustin Lynch, Kelsea Ballerini, Kane Brown, Jon Pardi and Chase Rice, plus Hot Country Knights, Bobby Bones and more.
iHeartMedia, Inc. (NASDAQ: IHRT) announced today that Bob Pittman and Rich Bressler will participate in a question and answer session during the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA on Wednesday March 4, 2020 at 4:45 p.m. Pacific Time.
iHeartMedia, the leading audio company in America and No. 1 commercial podcast publisher, announced today two new efforts aimed at expanding the iHeartPodcast Network with more Spanish-language and Hispanic-focused offerings. With the increasing importance and size of the U.S. Hispanic population, both Spanish and English speaking, the iHeartPodcast Network will roll out a slate of podcasts hosted and co-produced by Enrique Santos, notable on-air radio personality and Chairman and Chief Creative Officer of iHeartLatino; and launch a multi-year development, co-production and distribution partnership with multicultural digital audio network, reVOLVER. These combined efforts will result in the development and promotion of high-quality iHeartRadio Original Podcasts hosted by the most popular Hispanic hosts across the country.
First Sports Betting Audio Rights Deal of its Kind Will Deliver Unique BetCasts to Increase Fan Engagement During XFL Games Las Vegas, Nevada--(Newsfile Corp. - February 6, 2020) - As one professional football league winds down for the season, football fans across the country gear up to transition their attention to the premiere of the new XFL on Saturday, Feb. 8. As part of the launch of the XFL's inaugural season, VSiN is announcing today ...
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.
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)
iHeartMedia and FOX Entertainment announced today that eight-time Grammy award-winning artist Usher, who has sold more than 65 million albums worldwide, will host and perform during the 2020 iHeartRadio Music Awards. The event will also feature live performances from Halsey and Lizzo, as well as previously announced performer, Justin Bieber, with more to be announced. The two-hour event will air live from the Shrine Auditorium in Los Angeles, Sunday, March 29 (8:00-10:00 PM ET live / PT tape-delayed) on FOX. The seventh annual iHeartRadio Music Awards will also broadcast live on iHeartMedia radio stations nationwide and iHeartRadio, the all-in-one digital music, podcast, on demand and live-streaming radio service.
iHeartMedia, the leading audio company in America which also has a greater reach in the U.S. than any other media outlet, announced today the return of the iHeartCountry Festival Presented by Capital One on Saturday, May 2. For the seventh straight year, Country music's biggest superstars will perform at the Frank Erwin Center in Austin, Texas in a live celebration of all things Country.
iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday February 27th, 2020, it will issue financial results for the quarter ending December 31, 2019. The company will conduct a conference call at 4:30 p.m. (ET), following the release of its earnings announcement.
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.
The Empire State Building (ESB), in partnership with iHeartMedia New York today announced the launch of a national contest to provide one couple with the 'Ultimate Valentine's Day Date' at the World's Most Romantic Building, the Empire State Building. From January 20 through February 7, interested entrants can visit www.litefm.com, or listen to 106.7 LITE FM for a chance to win a trip to New York City and an all-access visit to the Empire State Building.
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.
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.
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 […]
iHeartRadio has selected the high-rise where it wants to open what it's billing as a "second headquarters" for its digital division.
iHeartMedia and FOX Entertainment announced today the nominees for the 2020 iHeartRadio Music Awards, airing live from the Shrine Auditorium in Los Angeles, Sunday, March 29 (8:00-10:00 PM ET live / PT tape-delayed) on FOX. The event also will be broadcast on iHeartMedia radio stations nationwide and iHeartRadio, the all-in-one digital music, podcast, on demand and live-streaming radio service.
iHeartMedia today announced new upcoming automotive integrations for iHeartRadio, the company’s free all-in-one digital music, podcasting, on demand and live streaming radio service, during the 2020 Consumer Electronics Show in Las Vegas. To optimize and enrich the in-vehicle experience for drivers, iHeartRadio is rolling out a series of automotive integrations and concept demonstrations all designed to bring iHeartRadio’s unprecedented library of audio content to listeners in a seamless way.
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.
This multifaceted partnership features marketing, media, and sponsorship collaborationsEnrique Santos, Chairman and CCO of iHeart Latino, will Chair the event’s National.
Empire State Realty Trust, Inc. (NYSE: ESRT) and iHeartMedia today announced that the Empire State Building (ESB) will celebrate the 25th anniversary of global superstar Mariah Carey's iconic song, "All I Want for Christmas Is You" with a music-to-light show this holiday season.