Wall Street brokerages expect Townsquare Media Inc (NYSE:TSQ) to announce $92.72 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Townsquare Media’s earnings, with estimates ranging from $92.39 million to $93.05 million. Townsquare Media reported sales of $94.23 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The business is scheduled to report its next earnings results on Tuesday, May 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 firm will report sales of $478.53 million, with estimates ranging from $469.75 million to $487.31 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Townsquare Media.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Tuesday, March 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $108.96 million during the quarter, compared to analyst estimates of $104.88 million. Townsquare Media had a negative net margin of 7.32% and a positive return on equity of 7.17%.

A number of equities research analysts have issued reports on TSQ shares. Noble Financial reissued a “buy” rating and set a $10.00 target price on shares of Townsquare Media in a research note on Thursday, January 31st. ValuEngine raised shares of Townsquare Media from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Royal Bank of Canada set a $8.00 price objective on shares of Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, March 26th.

Shares of NYSE:TSQ traded up $0.12 during trading on Tuesday, reaching $5.96. 24,327 shares of the company traded hands, compared to its average volume of 33,899. The firm has a market capitalization of $111.58 million, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.47 and a beta of 2.11. Townsquare Media has a 1-year low of $3.95 and a 1-year high of $9.79. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 2nd will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Monday, April 1st. Townsquare Media’s payout ratio is presently 29.13%.

In related news, Director David Lebow sold 6,700 shares of Townsquare Media stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $5.34, for a total value of $35,778.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.70% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in TSQ. LSV Asset Management lifted its stake in shares of Townsquare Media by 202.7% in the 4th quarter. LSV Asset Management now owns 240,372 shares of the company’s stock valued at $980,000 after purchasing an additional 160,972 shares during the last quarter. Deutsche Bank AG lifted its position in Townsquare Media by 212.5% during the 4th quarter. Deutsche Bank AG now owns 120,379 shares of the company’s stock worth $490,000 after acquiring an additional 81,857 shares during the last quarter. Aua Capital Management LLC acquired a new position in Townsquare Media during the 4th quarter worth $289,000. JPMorgan Chase & Co. lifted its position in Townsquare Media by 427.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 83,362 shares of the company’s stock worth $653,000 after acquiring an additional 67,545 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Townsquare Media by 13.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 551,964 shares of the company’s stock worth $4,322,000 after acquiring an additional 63,888 shares during the last quarter. 41.63% of the stock is owned by institutional investors and hedge funds.

Townsquare Media Company Profile

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

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