Townsquare Media (NYSE:TSQ) announced its earnings results on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01), Fidelity Earnings reports. Townsquare Media had a positive return on equity of 7.07% and a negative net margin of 7.70%. The firm had revenue of $114.07 million during the quarter, compared to the consensus estimate of $112.59 million.
Shares of NYSE:TSQ traded down $0.84 during trading on Wednesday, hitting $6.28. The stock had a trading volume of 3,101 shares, compared to its average volume of 37,092. Townsquare Media has a 12 month low of $6.03 and a 12 month high of $10.47. The firm has a market capitalization of $133.02 million, a P/E ratio of 8.44, a P/E/G ratio of 1.91 and a beta of 1.38. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.17 and a current ratio of 2.17.
Several brokerages have recently issued reports on TSQ. ValuEngine lowered Townsquare Media from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 31st. Zacks Investment Research lowered Townsquare Media from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Noble Financial reissued a “buy” rating on shares of Townsquare Media in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.80.
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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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