Q2 2018 EPS Estimates for Townsquare Media Inc Reduced by Jefferies Group (TSQ)

Townsquare Media Inc (NYSE:TSQ) – Equities researchers at Jefferies Group decreased their Q2 2018 earnings estimates for Townsquare Media in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.26. Jefferies Group also issued estimates for Townsquare Media’s Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.90 EPS, Q2 2019 earnings at $0.24 EPS and Q3 2019 earnings at $0.55 EPS.

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Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Townsquare Media had a positive return on equity of 5.39% and a negative net margin of 2.13%. The firm had revenue of $114.26 million during the quarter, compared to the consensus estimate of $118.61 million.

Several other equities research analysts have also recently commented on the company. Stephens set a $9.00 price objective on Townsquare Media and gave the company a “hold” rating in a research report on Tuesday. Barrington Research raised Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Tuesday. Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Noble Financial reissued a “buy” rating on shares of Townsquare Media in a research note on Wednesday. Finally, ValuEngine downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.80.

Townsquare Media (NYSE:TSQ) opened at $7.57 on Thursday. Townsquare Media has a twelve month low of $6.28 and a twelve month high of $13.01. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $150.59, a price-to-earnings ratio of -8.23, a PEG ratio of 2.03 and a beta of 1.43.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 2nd will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Thursday, March 29th.

Large investors have recently added to or reduced their stakes in the business. Algert Global LLC increased 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 worth $1,772,000 after acquiring an additional 26,177 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Townsquare Media by 53.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 99,500 shares of the company’s stock valued at $764,000 after purchasing an additional 34,473 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Townsquare Media by 37.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 181,943 shares of the company’s stock valued at $1,863,000 after purchasing an additional 49,602 shares during the last quarter. Northern Trust Corp increased its position in shares of Townsquare Media by 132.3% during the 2nd quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock valued at $2,172,000 after purchasing an additional 120,796 shares during the last quarter. Finally, Buckhead Capital Management LLC increased its position in shares of Townsquare Media by 36.4% during the 4th quarter. Buckhead Capital Management LLC now owns 58,395 shares of the company’s stock valued at $448,000 after purchasing an additional 15,590 shares during the last quarter. 49.02% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Townsquare Media (NYSE:TSQ)

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