Equities analysts forecast that Townsquare Media Inc (NYSE:TSQ) will report $112.50 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Townsquare Media’s earnings. The highest sales estimate is $114.40 million and the lowest is $111.16 million. Townsquare Media reported sales of $164.11 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 31.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Townsquare Media will report full year sales of $429.13 million for the current year, with estimates ranging from $425.48 million to $434.20 million. For the next year, analysts forecast that the firm will report sales of $430.90 million per share, with estimates ranging from $425.74 million to $435.90 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Townsquare Media.

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

Several equities analysts recently issued reports on TSQ shares. Zacks Investment Research upgraded Townsquare Media from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Wednesday, August 15th. Noble Financial set a $11.00 price objective on Townsquare Media and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, ValuEngine upgraded Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.80.

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of Townsquare Media in the 2nd quarter valued at approximately $1,637,000. Paloma Partners Management Co bought a new stake in shares of Townsquare Media in the 2nd quarter valued at approximately $278,000. Teton Advisors Inc. grew its stake in shares of Townsquare Media by 24.9% in the 2nd quarter. Teton Advisors Inc. now owns 125,007 shares of the company’s stock valued at $809,000 after purchasing an additional 24,923 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Townsquare Media by 22.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 144,500 shares of the company’s stock valued at $935,000 after purchasing an additional 26,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Townsquare Media by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 488,076 shares of the company’s stock valued at $3,158,000 after purchasing an additional 101,534 shares during the period. Institutional investors own 42.98% of the company’s stock.

TSQ traded down $0.02 on Friday, hitting $9.00. 44,800 shares of the stock traded hands, compared to its average volume of 70,702. Townsquare Media has a 52 week low of $6.03 and a 52 week high of $10.59. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $170.81 million, a price-to-earnings ratio of 12.22, a P/E/G ratio of 2.16 and a beta of 1.35.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, September 27th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 26th. This represents a $0.30 annualized dividend and a dividend yield of 3.33%. Townsquare Media’s dividend payout ratio is currently 40.54%.

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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