iHeartMedia Inc. (IHRT)’s Pretax Margin and Net Margin Explained

At the time of writing, iHeartMedia Inc. [IHRT] stock is trading at $3.38, down -0.59%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IHRT shares have gain 3.68% over the last week, with a monthly amount drifted -2.59%, and not seem to be holding up well over a long-time horizon.

On 13, September 2023, iHeartMedia and Malcolm Gladwell’s Pushkin Industries Reveal Growing Consumer-Marketer Disconnect in Landmark Report. In a post published today on Yahoo Finance, Marketers sometimes chase trends that consumers don’t care about: 50% of consumers have never heard of ‘Aperol Spritz’ compared to only 3% of marketers who haven’t.

From an analyst’s perspective:

iHeartMedia Inc. [NASDAQ: IHRT] stock has seen the most recent analyst activity on March 28, 2023, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $4 from $6.50.

For the past year, the stock price of iHeartMedia Inc. fluctuated between $2.21 and $10.31. Currently, Wall Street analysts expect the stock to reach $6.10 within the next 12 months. iHeartMedia Inc. [NASDAQ: IHRT] shares were valued at $3.38 at the most recent close of the market. An investor can expect a potential return of 80.47% based on the average IHRT price forecast.

Analyzing the IHRT fundamentals

According to iHeartMedia Inc. [NASDAQ:IHRT], the company’s sales were 920.0 million in the recent quarter, which represents an -3.60% plunge. In this publicly-traded organization, revenue per employee is $355,662, while income per employee is -$24,060. Gross Margin for this corporation currently stands at +50.77% with Operating Margin at +11.99%, Pretax Margin comes in at -6.59%, and Net Margin reading is -6.76%. To continue investigating profitability, this company’s Return on Assets is posted at -2.89, Equity is -33.45, Total Capital is 6.47, and Invested Capital is -3.70. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 90.37 and enduring liabilities to the whole assets at 71.50.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.33 points at the first support level, and at 3.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.43, and for the 2nd resistance point, it is at 3.49.

iHeartMedia Inc. [IHRT] reported earnings per share of -$5.93 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.19/share, meaning a difference of -$5.74 and a surprise factor of -3,021.10%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$1.5 per share as compared to estimates of -$0.75 per share, a difference of -$0.75 representing a surprise of -100.00%.

Ratios To Look Out For

It is important to note that iHeartMedia Inc. [NASDAQ:IHRT] has a current ratio of 1.80. Also, the Quick Ratio is 1.77, while the Cash Ratio stands at 0.40. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 1.30.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 58,480 shares and 2 insider sellings of 4,113 shares. Recent insider trading involved PITTMAN ROBERT W, Chairman and CEO, that happened on Aug 11 when 58480.0 shares were purchased. Chairman and CEO, PITTMAN ROBERT W completed a deal on May 05 to buy 88028.0 shares. Meanwhile, Hamilton Scott D bought 2000.0 shares on May 05.