Townsquare Media Inc (NYSE:TSQ) – Equities research analysts at Jefferies Group dropped their Q2 2018 earnings estimates for Townsquare Media in a research report issued on Tuesday, March 13th, Zacks Investment Research reports. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.26. Jefferies Group also issued estimates for Townsquare Media’s Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.90 EPS, Q2 2019 earnings at $0.24 EPS and Q3 2019 earnings at $0.55 EPS.
A number of other equities analysts have also recently issued reports on the company. TheStreet cut Townsquare Media from a “c” rating to a “d+” rating in a report on Thursday. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a report on Friday, March 23rd. Stephens set a $9.00 target price on Townsquare Media and gave the stock a “hold” rating in a report on Tuesday, March 13th. Barrington Research raised Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Tuesday, March 13th. Finally, Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Townsquare Media has a consensus rating of “Hold” and a consensus target price of $10.80.
TSQ traded down $0.08 on Thursday, reaching $7.75. The stock had a trading volume of 58,445 shares, compared to its average volume of 96,694. Townsquare Media has a fifty-two week low of $6.28 and a fifty-two week high of $12.22. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.46. The stock has a market cap of $144.68, a PE ratio of 10.47, a PEG ratio of 2.01 and a beta of 1.24.
Townsquare Media (NYSE:TSQ) last issued its earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Townsquare Media had a positive return on equity of 5.44% and a negative net margin of 2.13%. The business had revenue of $114.26 million during the quarter, compared to analysts’ expectations of $118.61 million.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 2nd will be paid a $0.075 dividend. The ex-dividend date is Thursday, March 29th. This represents a $0.30 annualized dividend and a dividend yield of 3.87%. Townsquare Media’s payout ratio is 40.54%.
Several hedge funds have recently modified their holdings of TSQ. Teachers Advisors LLC increased its stake in shares of Townsquare Media by 10.5% in the second quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock valued at $219,000 after buying an additional 2,023 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Townsquare Media in the second quarter valued at about $128,000. Northern Trust Corp increased its stake in shares of Townsquare Media by 132.3% in the second quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock valued at $2,172,000 after buying an additional 120,796 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Townsquare Media by 42.1% in the second quarter. Parametric Portfolio Associates LLC now owns 28,366 shares of the company’s stock valued at $290,000 after buying an additional 8,401 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Townsquare Media by 37.5% in the second quarter. Dimensional Fund Advisors LP now owns 181,943 shares of the company’s stock valued at $1,863,000 after buying an additional 49,602 shares during the period. 49.34% of the stock is owned by institutional investors.
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About Townsquare Media
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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