Q2 Earnings Forecast for TSQ Issued By Barrington Research
Townsquare Media (NYSE:TSQ – Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $117.81 million during the quarter, compared to analysts’ expectations of $116.41 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. During the same period in the prior year, the business earned $0.34 EPS.
Several other analysts also recently weighed in on TSQ. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Noble Financial reissued an “outperform” rating and issued a $21.00 target price on shares of Townsquare Media in a research note on Friday, January 24th.
Get Our Latest Stock Analysis on TSQ
TSQ stock opened at $6.69 on Friday. Townsquare Media has a one year low of $6.58 and a one year high of $12.92. The company has a market capitalization of $107.84 million, a PE ratio of -2.47, a price-to-earnings-growth ratio of 0.58 and a beta of 1.01. The company’s 50 day moving average price is $7.76 and its two-hundred day moving average price is $9.01.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.80 annualized dividend and a yield of 11.96%. This is a boost from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio is presently -69.57%.
Large investors have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares during the last quarter. State Street Corp raised its holdings in shares of Townsquare Media by 4.0% during the third quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after acquiring an additional 6,800 shares in the last quarter. Geode Capital Management LLC lifted its stake in Townsquare Media by 0.4% in the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after acquiring an additional 1,151 shares during the period. Wealthfront Advisers LLC bought a new stake in Townsquare Media in the fourth quarter valued at $69,000. Finally, Empowered Funds LLC boosted its holdings in Townsquare Media by 5.2% in the fourth quarter. Empowered Funds LLC now owns 56,634 shares of the company’s stock valued at $515,000 after acquiring an additional 2,804 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.
Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.
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