Barrington Research Weighs in on Townsquare Media, Inc.’s FY2017 Earnings (TSQ)

Townsquare Media, Inc. (NYSE:TSQ) – Barrington Research issued their FY2017 EPS estimates for Townsquare Media in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss anticipates that the company will earn $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 posted its 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. Townsquare Media had a net margin of 4.11% and a return on equity of 6.85%. The company had revenue of $140.66 million during the quarter, compared to analyst estimates of $141.49 million.

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A number of other equities analysts also recently weighed in on TSQ. Zacks Investment Research downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research note on Friday, August 11th. Finally, Royal Bank Of Canada set a $13.00 price target on shares of Townsquare Media and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $12.67.

Shares of Townsquare Media (NYSE:TSQ) opened at 9.97 on Thursday. The firm has a market cap of $184.23 million, a P/E ratio of 13.21 and a beta of 1.73. The company has a 50-day moving average of $10.64 and a 200 day moving average of $10.91. Townsquare Media has a 12-month low of $8.12 and a 12-month high of $13.01.

A number of institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in Townsquare Media during the second quarter worth $114,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Townsquare Media during the first quarter worth $145,000. Ameriprise Financial Inc. bought a new position in Townsquare Media during the second quarter worth $128,000. Prudential Financial Inc. bought a new position in Townsquare Media during the second quarter worth $135,000. Finally, Hancock Holding Co. bought a new position in Townsquare Media during the first quarter worth $201,000. 49.43% of the stock is currently owned by 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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