$0.13 Earnings Per Share Expected for Townsquare Media Inc (TSQ) This Quarter

Wall Street analysts forecast that Townsquare Media Inc (NYSE:TSQ) will announce $0.13 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Townsquare Media’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.17. Townsquare Media posted earnings per share of $0.19 during the same quarter last year, which would indicate a negative year-over-year growth rate of 31.6%. The company is expected to issue its next quarterly earnings report on Monday, March 12th.

On average, analysts expect that Townsquare Media will report full year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.80. For the next fiscal year, analysts expect that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.91 to $1.06. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Townsquare Media.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.08). The firm had revenue of $164.11 million for the quarter, compared to analysts’ expectations of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%.

A number of equities analysts have recently issued reports on TSQ shares. Royal Bank of Canada cut their price target on shares of Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a report on Friday, November 10th. Stephens downgraded shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. ValuEngine downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Bank of America downgraded shares of Townsquare Media from a “buy” rating to an “underperform” rating in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.67.

Shares of Townsquare Media (NYSE TSQ) traded up $0.29 on Wednesday, hitting $7.90. 50,401 shares of the stock were exchanged, compared to its average volume of 70,723. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $145.98, a P/E ratio of 12.34, a PEG ratio of 1.87 and a beta of 1.56. Townsquare Media has a 1-year low of $7.00 and a 1-year high of $13.01.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Townsquare Media by 25.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 228,862 shares of the company’s stock valued at $2,289,000 after purchasing an additional 46,919 shares in the last quarter. Northern Trust Corp grew its stake in Townsquare Media by 132.3% in the 2nd quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock valued at $2,172,000 after acquiring an additional 120,796 shares during the last quarter. Algert Global LLC grew its stake in Townsquare Media by 17.3% in the 3rd quarter. Algert Global LLC now owns 177,240 shares of the company’s stock valued at $1,772,000 after acquiring an additional 26,177 shares during the last quarter. State Street Corp grew its stake in Townsquare Media by 10.6% in the 2nd quarter. State Street Corp now owns 141,635 shares of the company’s stock valued at $1,447,000 after acquiring an additional 13,570 shares during the last quarter. Finally, Beck Mack & Oliver LLC grew its stake in Townsquare Media by 10.9% in the 3rd quarter. Beck Mack & Oliver LLC now owns 136,690 shares of the company’s stock valued at $1,367,000 after acquiring an additional 13,490 shares during the last quarter. Institutional investors and hedge funds own 48.19% of the company’s stock.

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About Townsquare Media

Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

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