Townsquare Media Inc (TSQ) Expected to Post Earnings of $0.34 Per Share

Analysts expect Townsquare Media Inc (NYSE:TSQ) to post earnings per share of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Townsquare Media’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.30. Townsquare Media reported earnings of $0.38 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 10.5%. The firm is scheduled to issue its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Townsquare Media will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.90 to $1.01. For the next year, analysts anticipate that the company will post earnings of $1.21 per share, with EPS estimates ranging from $1.15 to $1.27. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Townsquare Media.

Townsquare Media (NYSE:TSQ) last released its earnings results on Tuesday, May 7th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Townsquare Media had a positive return on equity of 8.52% and a negative net margin of 2.43%. The company had revenue of $93.68 million during the quarter, compared to the consensus estimate of $92.72 million.

A number of research firms have commented on TSQ. ValuEngine raised Townsquare Media from a “strong sell” rating to a “sell” rating in a report on Thursday, March 7th. Royal Bank of Canada set a $8.00 target price on Townsquare Media and gave the company a “buy” rating in a report on Tuesday, March 26th. Zacks Investment Research downgraded Townsquare Media from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Noble Financial reissued a “buy” rating and issued a $12.00 target price on shares of Townsquare Media in a report on Thursday, March 14th.

Townsquare Media stock traded down $0.06 during midday trading on Thursday, reaching $5.42. The company’s stock had a trading volume of 6,600 shares, compared to its average volume of 30,319. Townsquare Media has a fifty-two week low of $3.95 and a fifty-two week high of $9.79. The company has a debt-to-equity ratio of 1.79, a quick ratio of 2.02 and a current ratio of 2.02. The company has a market cap of $104.57 million, a P/E ratio of 5.26, a price-to-earnings-growth ratio of 0.48 and a beta of 1.94.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, June 28th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Thursday, June 27th. Townsquare Media’s dividend payout ratio (DPR) is currently 29.13%.

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

Several hedge funds have recently made changes to their positions in TSQ. Gamco Investors INC. ET AL increased its position in shares of Townsquare Media by 12.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 203,000 shares of the company’s stock valued at $828,000 after buying an additional 22,975 shares in the last quarter. Teton Advisors Inc. increased its position in shares of Townsquare Media by 20.0% in the fourth quarter. Teton Advisors Inc. now owns 150,000 shares of the company’s stock valued at $612,000 after buying an additional 24,993 shares in the last quarter. Aua Capital Management LLC purchased a new position in shares of Townsquare Media in the fourth quarter valued at $289,000. ClariVest Asset Management LLC purchased a new stake in Townsquare Media during the 4th quarter worth about $86,000. Finally, LSV Asset Management increased its position in Townsquare Media by 202.7% during the 4th quarter. LSV Asset Management now owns 240,372 shares of the company’s stock worth $980,000 after purchasing an additional 160,972 shares in the last quarter. Institutional investors and hedge funds own 41.29% of the company’s stock.

About Townsquare Media

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 and Estimates for Townsquare Media (NYSE:TSQ)

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