Analysts forecast that Townsquare Media Inc (NYSE:TSQ) will report sales of $124.47 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Townsquare Media’s earnings. The lowest sales estimate is $122.90 million and the highest is $126.04 million. Townsquare Media reported sales of $119.58 million in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Townsquare Media will report full-year sales of $446.40 million for the current financial year, with estimates ranging from $446.10 million to $446.70 million. For the next fiscal year, analysts expect that the company will report sales of $478.53 million, with estimates ranging from $469.75 million to $487.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Townsquare Media.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Townsquare Media had a negative net margin of 2.43% and a positive return on equity of 8.52%. The company had revenue of $93.68 million for the quarter, compared to analyst estimates of $92.72 million.
Several equities analysts recently issued reports on TSQ shares. Royal Bank of Canada set a $8.00 price target on shares of Townsquare Media and gave the company a “buy” rating in a report on Tuesday, March 26th. Noble Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Townsquare Media in a research note on Thursday, March 14th. Zacks Investment Research downgraded shares of Townsquare Media from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, ValuEngine raised shares of Townsquare Media from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th.
TSQ stock traded down $0.10 during trading on Friday, hitting $5.38. 396 shares of the stock traded hands, compared to its average volume of 20,146. Townsquare Media has a one year low of $3.95 and a one year high of $9.79. The company has a market capitalization of $103.79 million, a P/E ratio of 5.23, a P/E/G ratio of 0.48 and a beta of 1.93. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.79.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Thursday, June 27th. Townsquare Media’s dividend payout ratio is 29.13%.
In related news, Director David Lebow sold 6,700 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $5.34, for a total transaction 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 owned by insiders.
Several institutional investors have recently added to or reduced their stakes in TSQ. BlueCrest Capital Management Ltd bought a new stake in Townsquare Media during the first quarter worth $105,000. SEI Investments Co raised its position in shares of Townsquare Media by 44.1% in the first quarter. SEI Investments Co now owns 27,740 shares of the company’s stock valued at $159,000 after purchasing an additional 8,484 shares during the period. Northern Trust Corp raised its position in shares of Townsquare Media by 45.7% in the first quarter. Northern Trust Corp now owns 56,223 shares of the company’s stock valued at $321,000 after purchasing an additional 17,634 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Townsquare Media by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 609,873 shares of the company’s stock valued at $3,488,000 after purchasing an additional 16,480 shares during the period. Finally, BlackRock Inc. raised its position in shares of Townsquare Media by 53.2% in the first quarter. BlackRock Inc. now owns 97,338 shares of the company’s stock valued at $557,000 after purchasing an additional 33,810 shares during the period. Institutional investors 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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