Analysts expect Townsquare Media Inc (NYSE:TSQ) to announce $0.13 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Townsquare Media’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.10. Townsquare Media posted earnings of $0.19 per share in the same quarter last year, which suggests a negative year over year growth rate of 31.6%. The firm is expected to issue its next earnings report on Monday, March 12th.
According to Zacks, analysts expect that Townsquare Media will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.63 to $0.80. For the next financial year, analysts expect that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.91 to $1.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Townsquare Media.
A number of research firms have recently issued reports on TSQ. Stephens downgraded shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. ValuEngine downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Noble Financial restated a “buy” rating on shares of Townsquare Media in a research report on Friday, November 10th. Royal Bank of Canada cut their price objective on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. Finally, Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.67.
Several institutional investors have recently modified their holdings of TSQ. Northern Trust Corp raised its position in shares of Townsquare Media by 132.3% during the 2nd quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock worth $2,172,000 after purchasing an additional 120,796 shares during the last quarter. Beck Mack & Oliver LLC raised its position in shares of Townsquare Media by 57.3% during the 4th quarter. Beck Mack & Oliver LLC now owns 214,990 shares of the company’s stock worth $1,651,000 after purchasing an additional 78,300 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Townsquare Media by 37.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 181,943 shares of the company’s stock worth $1,863,000 after purchasing an additional 49,602 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Townsquare Media by 72.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 100,300 shares of the company’s stock worth $1,027,000 after purchasing an additional 42,070 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Townsquare Media by 53.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 99,500 shares of the company’s stock worth $764,000 after purchasing an additional 34,473 shares during the last quarter. Hedge funds and other institutional investors own 47.87% of the company’s stock.
Shares of Townsquare Media (NYSE:TSQ) opened at $6.78 on Tuesday. Townsquare Media has a 12-month low of $6.28 and a 12-month high of $13.01. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $122.87, a P/E ratio of 10.27, a PEG ratio of 1.64 and a beta of 1.43.
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Townsquare Media Company Profile
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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