Wall Street brokerages forecast that Townsquare Media Inc (NYSE:TSQ) will report earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Townsquare Media’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.06. Townsquare Media reported earnings of ($0.12) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 175%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Townsquare Media will report full-year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.05. For the next year, analysts anticipate that the company will report earnings of $1.29 per share, with EPS estimates ranging from $1.27 to $1.30. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Townsquare Media.
Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Tuesday, March 12th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $108.96 million for the quarter, compared to the consensus estimate of $104.88 million. Townsquare Media had a positive return on equity of 7.17% and a negative net margin of 7.32%.
A number of equities analysts have recently commented on the company. ValuEngine upgraded Townsquare Media from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Noble Financial reiterated a “buy” rating and issued a $10.00 target price on shares of Townsquare Media in a research note on Thursday, January 31st. Finally, Royal Bank of Canada set a $8.00 target price on Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, March 26th.
In other news, Director David Lebow sold 6,700 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $5.34, for a total value of $35,778.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.70% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Townsquare Media in the fourth quarter valued at about $54,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Townsquare Media by 25.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,098 shares of the company’s stock valued at $82,000 after purchasing an additional 4,100 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in Townsquare Media during the 4th quarter valued at approximately $86,000. Virtu Financial LLC acquired a new stake in Townsquare Media during the 3rd quarter valued at approximately $101,000. Finally, Northern Trust Corp grew its stake in Townsquare Media by 79.8% during the 4th quarter. Northern Trust Corp now owns 38,589 shares of the company’s stock valued at $157,000 after purchasing an additional 17,132 shares in the last quarter. Institutional investors and hedge funds own 41.63% of the company’s stock.
Shares of Townsquare Media stock traded up $0.16 during trading hours on Friday, reaching $5.93. The stock had a trading volume of 24,404 shares, compared to its average volume of 24,818. The company has a market cap of $112.34 million, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 0.47 and a beta of 2.11. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.03 and a quick ratio of 2.03. Townsquare Media has a 1 year low of $3.95 and a 1 year high of $9.79.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 2nd will be paid a $0.075 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.06%. Townsquare Media’s dividend payout ratio (DPR) is currently 29.13%.
About Townsquare Media
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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