Brokerages expect Townsquare Media (NYSE:TSQ) to report ($0.10) earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Townsquare Media’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.06). Townsquare Media posted earnings of ($0.16) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 37.5%. The business is expected to issue its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Townsquare Media will report full-year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $1.16. For the next fiscal year, analysts expect that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.61 to $1.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Townsquare Media.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $114.26 million for the quarter, compared to the consensus estimate of $118.61 million. Townsquare Media had a negative net margin of 2.13% and a positive return on equity of 5.44%.
TSQ has been the topic of a number of recent analyst reports. Barrington Research raised shares of Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research note on Tuesday, March 13th. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research note on Wednesday, March 14th. ValuEngine downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, TheStreet downgraded shares of Townsquare Media from a “c” rating to a “d+” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.80.
Shares of TSQ opened at $7.75 on Wednesday. The company has a market capitalization of $143.20, a P/E ratio of 11.07, a P/E/G ratio of 1.98 and a beta of 1.23. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.46. Townsquare Media has a 1-year low of $6.28 and a 1-year high of $12.22.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, March 29th. Townsquare Media’s dividend payout ratio (DPR) is presently 40.54%.
Hedge funds have recently bought and sold shares of the business. Stone Ridge Asset Management LLC purchased a new position in shares of Townsquare Media during the fourth quarter worth approximately $172,000. Macquarie Group Ltd. purchased a new position in shares of Townsquare Media during the third quarter worth approximately $187,000. Schwab Charles Investment Management Inc. raised its stake in shares of Townsquare Media by 119.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 22,162 shares of the company’s stock worth $222,000 after acquiring an additional 12,062 shares in the last quarter. Millennium Management LLC raised its stake in shares of Townsquare Media by 150.9% during the fourth quarter. Millennium Management LLC now owns 31,858 shares of the company’s stock worth $245,000 after acquiring an additional 19,158 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Townsquare Media by 32.3% during the fourth quarter. Two Sigma Advisers LP now owns 47,900 shares of the company’s stock worth $368,000 after acquiring an additional 11,700 shares in the last quarter. 49.34% of the stock is currently owned by hedge funds and other institutional investors.
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Townsquare Media Company Profile
Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.
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