Equities research analysts expect Townsquare Media Inc (NYSE:TSQ) to report $0.41 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Townsquare Media’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.57. Townsquare Media posted earnings of $0.21 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 95.2%. The firm is scheduled to report its next earnings report on Wednesday, August 8th.
On average, analysts expect that Townsquare Media will report full-year earnings of ($0.20) per share for the current financial year. For the next year, analysts expect that the business will report earnings of $0.84 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Townsquare Media.
Townsquare Media (NYSE:TSQ) last issued its earnings results on Tuesday, May 8th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The company had revenue of $94.23 million during the quarter, compared to the consensus estimate of $90.67 million. Townsquare Media had a positive return on equity of 5.73% and a negative net margin of 6.69%.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Townsquare Media from a “sell” rating to a “hold” rating in a research report on Thursday, June 14th. Noble Financial set a $11.00 price objective on shares of Townsquare Media and gave the company a “buy” rating in a research note on Friday, May 25th. ValuEngine lowered shares of Townsquare Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 17th. TheStreet lowered shares of Townsquare Media from a “c” rating to a “d+” rating in a research report on Thursday, April 5th. Finally, Stephens set a $9.00 target price on shares of Townsquare Media and gave the stock a “hold” rating in a research report on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.83.
In other Townsquare Media news, CEO Dhruv Prasad purchased 5,000 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were acquired at an average cost of $6.19 per share, for a total transaction of $30,950.00. Following the completion of the transaction, the chief executive officer now owns 5,000 shares of the company’s stock, valued at $30,950. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 8,500 shares of company stock worth $53,360. 25.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in shares of Townsquare Media by 16.7% in the 4th quarter. Renaissance Technologies LLC now owns 428,700 shares of the company’s stock worth $3,292,000 after buying an additional 61,401 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Townsquare Media by 31.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 386,542 shares of the company’s stock valued at $3,065,000 after purchasing an additional 92,121 shares in the last quarter. Algert Global LLC raised its holdings in shares of Townsquare Media by 15.4% in the 1st quarter. Algert Global LLC now owns 239,636 shares of the company’s stock valued at $1,900,000 after purchasing an additional 31,896 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Townsquare Media by 18.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 118,000 shares of the company’s stock worth $936,000 after buying an additional 18,500 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Townsquare Media by 7.8% in the 1st quarter. Royal Bank of Canada now owns 112,312 shares of the company’s stock worth $891,000 after buying an additional 8,146 shares during the last quarter. 47.58% of the stock is owned by institutional investors.
Townsquare Media traded up $0.03, reaching $6.47, during mid-day trading on Friday, MarketBeat Ratings reports. 53,000 shares of the company traded hands, compared to its average volume of 78,080. The company has a market capitalization of $122.32 million, a P/E ratio of 8.74, a price-to-earnings-growth ratio of -3.68 and a beta of 1.17. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.95 and a current ratio of 1.95. Townsquare Media has a fifty-two week low of $6.03 and a fifty-two week high of $11.63.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Thursday, June 28th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, June 27th. This represents a $0.30 dividend on an annualized basis and a yield of 4.64%. Townsquare Media’s dividend payout ratio (DPR) is 40.54%.
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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