$168.49 Million in Sales Expected for Townsquare Media, Inc. (TSQ) This Quarter
Equities research analysts expect Townsquare Media, Inc. (NYSE:TSQ) to report sales of $168.49 million for the current quarter, according to Zacks. Three analysts have issued estimates for Townsquare Media’s earnings, with estimates ranging from $166.93 million to $170.25 million. Townsquare Media reported sales of $165.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The company is expected to issue its next quarterly earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Townsquare Media will report full-year sales of $168.49 million for the current year, with estimates ranging from $520.40 million to $521.22 million. For the next fiscal year, analysts expect that the firm will post sales of $538.90 million per share, with estimates ranging from $533.65 million to $543.86 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Townsquare Media.
Townsquare Media (NYSE:TSQ) last posted its earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $140.66 million during 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 topic of a number of analyst reports. Zacks Investment Research upgraded Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $13.00 price target on Townsquare Media and gave the company a “buy” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Townsquare Media in a research report on Tuesday, September 12th. Finally, Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a research report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $12.67.
Large investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new stake in Townsquare Media in the second quarter valued at $114,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Townsquare Media in the first quarter worth $145,000. Ameriprise Financial Inc. acquired a new position in Townsquare Media in the second quarter worth $128,000. Prudential Financial Inc. acquired a new position in Townsquare Media in the second quarter worth $135,000. Finally, Hancock Holding Co. acquired a new position in Townsquare Media in the first quarter worth $201,000. Hedge funds and other institutional investors own 49.12% of the company’s stock.
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Shares of Townsquare Media (TSQ) opened at 10.06 on Friday. Townsquare Media has a 1-year low of $8.12 and a 1-year high of $13.01. The firm has a 50-day moving average price of $10.11 and a 200-day moving average price of $10.75. The company has a market capitalization of $185.89 million, a PE ratio of 13.32 and a beta of 1.74.
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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