Q4 2017 EPS Estimates for Townsquare Media, Inc. Lifted by Jefferies Group (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQ) – Analysts at Jefferies Group upped their Q4 2017 earnings per share (EPS) estimates for Townsquare Media in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the company will earn $0.24 per share for the quarter, up from their previous estimate of $0.19. Jefferies Group also issued estimates for Townsquare Media’s Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.08 EPS and Q2 2019 earnings at $0.26 EPS.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.21 EPS 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 analysts’ expectations of $141.49 million. Townsquare Media had a net margin of 4.11% and a return on equity of 6.85%. ILLEGAL ACTIVITY NOTICE: “Q4 2017 EPS Estimates for Townsquare Media, Inc. Lifted by Jefferies Group (NYSE:TSQ)” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2017/08/12/q4-2017-eps-estimates-for-townsquare-media-inc-lifted-by-jefferies-group-nysetsq.html.

A number of other brokerages also recently issued reports on TSQ. Zacks Investment Research raised 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 price target on Townsquare Media and gave the company a “buy” rating in a report on Tuesday, July 18th.

Townsquare Media (NYSE TSQ) opened at 10.30 on Friday. The company has a 50 day moving average of $10.60 and a 200 day moving average of $10.93. The stock has a market capitalization of $190.32 million, a price-to-earnings ratio of 13.64 and a beta of 1.73. Townsquare Media has a 12 month low of $8.12 and a 12 month high of $13.01.

Institutional investors have recently made changes to their positions in the stock. Seizert Capital Partners LLC acquired a new position in shares of Townsquare Media during the first quarter worth about $288,000. Hancock Holding Co. acquired a new position in shares of Townsquare Media during the first quarter worth about $201,000. Martingale Asset Management L P increased its position in shares of Townsquare Media by 31.0% in the first quarter. Martingale Asset Management L P now owns 102,254 shares of the company’s stock worth $1,246,000 after buying an additional 24,206 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Townsquare Media by 406.3% in the first quarter. Gamco Investors INC. ET AL now owns 50,627 shares of the company’s stock worth $617,000 after buying an additional 40,627 shares during the period. Finally, Bank of New York Mellon Corp increased 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 worth $1,057,000 after buying an additional 26,179 shares during the period. 48.42% of the stock is owned by hedge funds and other institutional investors.

Townsquare Media Company Profile

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.

Earnings History and Estimates for Townsquare Media (NYSE:TSQ)

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