$0.09 EPS Expected for Townsquare Media Inc (TSQ) This Quarter

Wall Street brokerages expect Townsquare Media Inc (NYSE:TSQ) to report $0.09 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Townsquare Media’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.06. Townsquare Media posted earnings of ($0.12) per share during the same quarter last year, which suggests a positive year over year growth rate of 175%. The firm is expected to report its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that Townsquare Media will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.05. For the next fiscal year, analysts expect that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.27 to $1.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Townsquare Media.

Townsquare Media (NYSE:TSQ) last posted its earnings results on Tuesday, March 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Townsquare Media had a positive return on equity of 7.17% and a negative net margin of 7.32%. The firm had revenue of $108.96 million for the quarter, compared to analyst estimates of $104.88 million.

Several research firms recently issued reports on TSQ. Royal Bank of Canada set a $8.00 target price on Townsquare Media and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Noble Financial reissued a “buy” rating and set a $12.00 target price on shares of Townsquare Media in a research note on Thursday, March 14th. Finally, ValuEngine raised Townsquare Media from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 7th.

In other Townsquare Media news, Director David Lebow sold 6,700 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $5.34, for a total value of $35,778.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 26.70% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Townsquare Media by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 593,393 shares of the company’s stock worth $2,421,000 after acquiring an additional 41,429 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Townsquare Media by 8.0% during the 3rd quarter. Renaissance Technologies LLC now owns 376,059 shares of the company’s stock worth $2,945,000 after acquiring an additional 27,959 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Townsquare Media by 15.0% during the 4th quarter. Acadian Asset Management LLC now owns 265,668 shares of the company’s stock worth $1,085,000 after acquiring an additional 34,695 shares in the last quarter. LSV Asset Management raised its position in shares of Townsquare Media by 202.7% during the 4th quarter. LSV Asset Management now owns 240,372 shares of the company’s stock worth $980,000 after acquiring an additional 160,972 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Townsquare Media by 12.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 203,000 shares of the company’s stock worth $828,000 after acquiring an additional 22,975 shares in the last quarter. 41.63% of the stock is currently owned by institutional investors.

TSQ opened at $5.90 on Friday. Townsquare Media has a 12-month low of $3.95 and a 12-month high of $9.79. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.63. The stock has a market cap of $110.42 million, a P/E ratio of 5.73, a PEG ratio of 0.45 and a beta of 2.11.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 2nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Monday, April 1st. Townsquare Media’s dividend payout ratio is currently 29.13%.

About Townsquare Media

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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