Townsquare Media, Inc. (TSQ) Expected to Post FY2017 Earnings of $0.95 Per Share
Townsquare Media, Inc. (NYSE:TSQ) – Equities research analysts at Barrington Research issued their FY2017 earnings per share estimates for Townsquare Media in a research note issued on Monday. Barrington Research analyst J. Goss forecasts that the company will post earnings of $0.95 per share for the year. Barrington Research also issued estimates for Townsquare Media’s Q1 2018 earnings at $0.02 EPS and Q3 2018 earnings at $0.64 EPS.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. The firm had revenue of $140.66 million for the quarter, compared to the consensus estimate of $141.49 million.
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TSQ has been the subject of several other research reports. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, July 19th. 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. Finally, Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research note on Friday, August 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $12.67.
Shares of Townsquare Media (NYSE TSQ) opened at 9.93 on Thursday. The stock’s 50 day moving average is $10.64 and its 200-day moving average is $10.92. Townsquare Media has a one year low of $8.12 and a one year high of $13.01. The company has a market cap of $183.49 million, a P/E ratio of 13.15 and a beta of 1.73.
A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Townsquare Media by 39.4% in the first quarter. Wells Fargo & Company MN now owns 99,393 shares of the company’s stock valued at $1,211,000 after buying an additional 28,105 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Townsquare Media by 122.2% in the first quarter. JPMorgan Chase & Co. now owns 58,230 shares of the company’s stock valued at $709,000 after buying an additional 32,026 shares in the last quarter. Hancock Holding Co. purchased a new position in shares of Townsquare Media during the first quarter valued at approximately $201,000. Dimensional Fund Advisors LP boosted its position in shares of Townsquare Media by 173.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 75,832 shares of the company’s stock valued at $789,000 after buying an additional 48,078 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Townsquare Media by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 86,798 shares of the company’s stock valued at $1,057,000 after buying an additional 26,179 shares in the last quarter. 49.43% of the stock is owned by 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.
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