Townsquare Media (TSQ) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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Townsquare Media (NYSE:TSQ) posted its quarterly earnings results on Tuesday. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01), Fidelity Earnings reports. The company had revenue of $114.07 million for the quarter, compared to the consensus estimate of $112.59 million. Townsquare Media had a negative net margin of 7.70% and a positive return on equity of 7.07%.

NYSE:TSQ traded down $0.79 on Wednesday, reaching $6.33. 3,067 shares of the company’s stock were exchanged, compared to its average volume of 37,092. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $133.02 million, a PE ratio of 8.44, a P/E/G ratio of 1.91 and a beta of 1.38. Townsquare Media has a 52 week low of $6.03 and a 52 week high of $10.47.

Several research firms recently weighed in on TSQ. ValuEngine upgraded shares of Townsquare Media from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Noble Financial set a $11.00 target price on shares of Townsquare Media and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Townsquare Media currently has a consensus rating of “Hold” and a consensus target price of $9.80.

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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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Earnings History for Townsquare Media (NYSE:TSQ)

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