Townsquare Media (TSQ) Earning Somewhat Positive Media Coverage, Analysis Shows
News articles about Townsquare Media (NYSE:TSQ) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Townsquare Media earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.1445837845781 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, July 19th. Royal Bank Of Canada set a $13.00 target price on Townsquare Media and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Bank of America Corporation cut Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday, September 29th. Noble Financial reissued a “buy” rating on shares of Townsquare Media in a research report on Friday, August 11th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $13.00 target price on shares of Townsquare Media in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.33.
Shares of Townsquare Media (NYSE TSQ) traded down $0.10 on Monday, reaching $10.12. The company had a trading volume of 34,028 shares, compared to its average volume of 39,688. The company has a market cap of $188.84, a P/E ratio of 11.23, a PEG ratio of 2.27 and a beta of 1.74. Townsquare Media has a 52 week low of $8.17 and a 52 week high of $13.01. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.02 and a quick ratio of 2.02.
Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The company had revenue of $140.66 million during the quarter, compared to analyst estimates of $141.49 million. Townsquare Media had a net margin of 4.11% and a return on equity of 6.85%. equities research analysts predict that Townsquare Media will post 0.94 EPS for the current year.
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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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