Jefferies Group Comments on Townsquare Media, Inc.’s Q2 2018 Earnings (TSQ)
Townsquare Media, Inc. (NYSE:TSQ) – Stock analysts at Jefferies Group boosted their Q2 2018 earnings per share estimates for shares of Townsquare Media in a research note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.24. Jefferies Group currently has a “Buy” rating and a $13.00 target price on the stock. Jefferies Group also issued estimates for Townsquare Media’s Q3 2018 earnings at $0.57 EPS, FY2018 earnings at $0.91 EPS, Q3 2019 earnings at $0.62 EPS and FY2019 earnings at $1.04 EPS.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). The firm had revenue of $164.11 million during the quarter, compared to analysts’ expectations of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%.
TSQ has been the subject of several other research reports. Bank of America Corporation lowered shares of Townsquare Media from a “buy” rating to an “underperform” rating in a research note on Friday, September 29th. Royal Bank Of Canada set a $13.00 price objective on shares of Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, July 18th. Stephens lowered shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a research note on Friday, August 11th. Finally, ValuEngine lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Townsquare Media currently has a consensus rating of “Hold” and a consensus price target of $12.33.
Townsquare Media (NYSE TSQ) traded down $0.74 during trading hours on Thursday, reaching $7.76. 59,697 shares of the company’s stock traded hands, compared to its average volume of 49,684. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.02 and a current ratio of 2.24. The stock has a market cap of $157.05, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.74. Townsquare Media has a 52-week low of $7.75 and a 52-week high of $13.01.
Institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of Townsquare Media during the 2nd quarter valued at approximately $114,000. Ameriprise Financial Inc. bought a new position in shares of Townsquare Media during the 2nd quarter valued at approximately $128,000. Prudential Financial Inc. bought a new position in shares of Townsquare Media during the 2nd quarter valued at approximately $135,000. Eagle Global Advisors LLC bought a new position in shares of Townsquare Media during the 2nd quarter valued at approximately $174,000. Finally, Hancock Holding Co. grew its position in shares of Townsquare Media by 10.5% during the 2nd quarter. Hancock Holding Co. now owns 18,258 shares of the company’s stock valued at $187,000 after acquiring an additional 1,740 shares during the period. 48.83% of the stock is owned by hedge funds and other institutional investors.
About Townsquare Media
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
Receive News & Ratings for Townsquare Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.