Equities analysts expect Townsquare Media Inc (NYSE:TSQ) to report earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Townsquare Media’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.31. Townsquare Media reported earnings of $0.51 per share in the same quarter last year, which would indicate a negative year over year growth rate of 31.4%. The company is expected to report its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Townsquare Media will report full-year earnings of ($0.15) per share for the current financial year, with EPS estimates ranging from ($0.37) to $0.07. For the next year, analysts forecast that the company will report earnings of $1.17 per share, with EPS estimates ranging from $0.88 to $1.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Townsquare Media.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. Townsquare Media had a negative net margin of 7.70% and a positive return on equity of 7.07%. The firm had revenue of $119.58 million during the quarter, compared to analyst estimates of $115.56 million.

A number of equities analysts recently commented on TSQ shares. ValuEngine raised shares of Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Zacks Investment Research raised shares of Townsquare Media from a “sell” rating to a “hold” rating in a research note on Thursday, June 14th. Finally, Noble Financial set a $11.00 price objective on shares of Townsquare Media and gave the stock a “buy” rating in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Townsquare Media presently has a consensus rating of “Hold” and an average price target of $9.80.

Townsquare Media stock traded down $0.31 during midday trading on Monday, reaching $8.46. The stock had a trading volume of 1,241 shares, compared to its average volume of 62,527. Townsquare Media has a twelve month low of $6.03 and a twelve month high of $10.59. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market capitalization of $165.71 million, a price-to-earnings ratio of 11.42, a P/E/G ratio of 2.10 and a beta of 1.33.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, September 27th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Wednesday, September 26th. Townsquare Media’s dividend payout ratio is 40.54%.

Large investors have recently modified their holdings of the business. LMR Partners LLP acquired a new stake in shares of Townsquare Media during the 2nd quarter valued at $170,000. Paloma Partners Management Co acquired a new stake in shares of Townsquare Media during the 2nd quarter valued at $278,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Townsquare Media by 25.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 48,699 shares of the company’s stock valued at $387,000 after buying an additional 10,000 shares during the period. Teton Advisors Inc. boosted its stake in shares of Townsquare Media by 24.9% during the 2nd quarter. Teton Advisors Inc. now owns 125,007 shares of the company’s stock valued at $809,000 after buying an additional 24,923 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Townsquare Media by 7.8% during the 1st quarter. Royal Bank of Canada now owns 112,312 shares of the company’s stock valued at $891,000 after buying an additional 8,146 shares during the period. 42.98% of the stock is owned by institutional investors.

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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