Townsquare Media (NYSE:TSQ) Announces Quarterly Earnings Results

Townsquare Media (NYSE:TSQ) issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09, MarketWatch Earnings reports. The firm had revenue of $93.68 million during the quarter, compared to the consensus estimate of $92.72 million. Townsquare Media had a positive return on equity of 8.52% and a negative net margin of 2.43%.

Shares of NYSE:TSQ opened at $5.53 on Friday. Townsquare Media has a 12-month low of $3.95 and a 12-month high of $9.79. The stock has a market cap of $104.63 million, a PE ratio of 5.37, a P/E/G ratio of 0.48 and a beta of 2.08. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.79.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.42%. Townsquare Media’s dividend payout ratio (DPR) is currently 29.13%.

TSQ has been the subject of several research reports. ValuEngine raised Townsquare Media from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Noble Financial restated a “buy” rating and set a $10.00 target price on shares of Townsquare Media in a research report on Thursday, January 31st. Zacks Investment Research downgraded Townsquare Media from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada set a $8.00 price objective on Townsquare Media and gave the stock a “buy” rating in a research report on Tuesday, March 26th.

In other news, Director David Lebow sold 6,700 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $5.34, for a total transaction of $35,778.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 24.80% of the stock is currently owned by company insiders.

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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. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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Earnings History for Townsquare Media (NYSE:TSQ)

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