$0.35 EPS Expected for Townsquare Media Inc (TSQ) This Quarter

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Brokerages forecast that Townsquare Media Inc (NYSE:TSQ) will report earnings per share of $0.35 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Townsquare Media’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.39. Townsquare Media reported earnings of $0.51 per share during the same quarter last year, which would suggest a negative year over year growth rate of 31.4%. The business is scheduled to report its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Townsquare Media will report full year earnings of ($0.37) per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.88 to $1.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Townsquare Media.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.09. The company had revenue of $119.58 million for the quarter, compared to analysts’ expectations of $115.56 million. Townsquare Media had a positive return on equity of 7.07% and a negative net margin of 7.70%.

A number of equities research analysts have recently weighed in on TSQ shares. ValuEngine cut Townsquare Media from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a report on Wednesday, October 17th. Finally, Zacks Investment Research raised Townsquare Media from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.80.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its holdings in Townsquare Media by 25.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 48,699 shares of the company’s stock worth $387,000 after purchasing an additional 10,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Townsquare Media by 31.3% during the first quarter. Dimensional Fund Advisors LP now owns 386,542 shares of the company’s stock worth $3,065,000 after purchasing an additional 92,121 shares in the last quarter. Royal Bank of Canada raised its holdings in Townsquare Media by 7.8% during the first quarter. Royal Bank of Canada now owns 112,312 shares of the company’s stock worth $891,000 after purchasing an additional 8,146 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Townsquare Media during the second quarter worth approximately $966,000. Finally, Beck Mack & Oliver LLC raised its holdings in Townsquare Media by 7.7% during the second quarter. Beck Mack & Oliver LLC now owns 280,000 shares of the company’s stock worth $1,812,000 after purchasing an additional 20,050 shares in the last quarter. 42.65% of the stock is currently owned by institutional investors.

TSQ opened at $7.12 on Friday. The company has a market cap of $133.02 million, a PE ratio of 9.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.59. Townsquare Media has a twelve month low of $6.03 and a twelve month high of $10.47.

Townsquare Media Company Profile

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

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