Brokerages expect Townsquare Media Inc (NYSE:TSQ) to announce earnings of $0.13 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Townsquare Media’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.10. Townsquare Media reported earnings of $0.19 per share in the same quarter last year, which would suggest a negative year over year growth rate of 31.6%. The firm is expected to announce its next quarterly earnings report on Monday, March 12th.
According to Zacks, analysts expect that Townsquare Media will report full-year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.80. For the next fiscal year, analysts forecast that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.91 to $1.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Townsquare Media.
Several equities analysts have recently issued reports on TSQ shares. Royal Bank of Canada reduced their price target on shares of Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Noble Financial reissued a “buy” rating on shares of Townsquare Media in a report on Friday, November 10th. Stephens downgraded shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. ValuEngine downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Townsquare Media from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.67.
Shares of Townsquare Media (NYSE TSQ) traded up $0.12 on Tuesday, hitting $7.01. 56,000 shares of the stock traded hands, compared to its average volume of 54,303. Townsquare Media has a 52 week low of $6.28 and a 52 week high of $13.01. The firm has a market capitalization of $129.52, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.43. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.38.
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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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