Zacks: Analysts Anticipate Townsquare Media, Inc. (TSQ) to Announce $0.63 EPS
Equities research analysts expect Townsquare Media, Inc. (NYSE:TSQ) to announce earnings per share (EPS) of $0.63 for the current quarter, Zacks reports. Three analysts have provided estimates for Townsquare Media’s earnings, with estimates ranging from $0.59 to $0.70. Townsquare Media reported earnings of $0.67 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6%. The business is scheduled to announce its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that Townsquare Media will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.04. For the next financial year, analysts forecast that the business will report earnings of $1.12 per share, with EPS estimates ranging from $1.08 to $1.15. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Townsquare Media.
Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $140.66 million for the quarter, compared to the consensus estimate of $141.49 million. Townsquare Media had a net margin of 4.11% and a return on equity of 6.85%.
TSQ has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $13.00 target price on Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, Noble Financial restated a “buy” rating on shares of Townsquare Media in a research note on Friday, August 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Townsquare Media currently has an average rating of “Buy” and a consensus target price of $12.67.
Shares of Townsquare Media (TSQ) opened at 10.06 on Friday. Townsquare Media has a 12-month low of $8.12 and a 12-month high of $13.01. The stock’s 50 day moving average price is $10.51 and its 200 day moving average price is $10.84. The company has a market cap of $185.89 million, a P/E ratio of 13.32 and a beta of 1.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Delphi Management Inc. MA raised its position in Townsquare Media by 2.8% in the second quarter. Delphi Management Inc. MA now owns 86,764 shares of the company’s stock worth $888,000 after buying an additional 2,350 shares during the period. State Street Corp raised its position in Townsquare Media by 10.6% in the second quarter. State Street Corp now owns 141,635 shares of the company’s stock worth $1,447,000 after buying an additional 13,570 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in Townsquare Media by 87.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 48,304 shares of the company’s stock worth $494,000 after buying an additional 22,600 shares during the period. Numeric Investors LLC raised its position in Townsquare Media by 67.8% in the second quarter. Numeric Investors LLC now owns 121,739 shares of the company’s stock worth $1,247,000 after buying an additional 49,200 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Townsquare Media by 37.5% in the second quarter. Dimensional Fund Advisors LP now owns 181,943 shares of the company’s stock worth $1,863,000 after buying an additional 49,602 shares during the period. 49.12% of the stock is 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.
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