Wall Street brokerages expect Townsquare Media Inc (NYSE:TSQ) to post $118.61 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Townsquare Media’s earnings, with the lowest sales estimate coming in at $117.75 million and the highest estimate coming in at $119.20 million. Townsquare Media reported sales of $119.52 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The business is scheduled to issue its next earnings report on Monday, March 12th.

According to Zacks, analysts expect that Townsquare Media will report full year sales of $118.61 million for the current year, with estimates ranging from $510.94 million to $512.40 million. For the next year, analysts forecast that the company will report sales of $527.59 million per share, with estimates ranging from $520.50 million to $536.38 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Townsquare Media.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. The business had revenue of $164.11 million for the quarter, compared to the consensus estimate of $168.49 million.

Several research firms have commented on TSQ. ValuEngine lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada reduced their target price on shares of Townsquare Media from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Noble Financial reissued a “buy” rating on shares of Townsquare Media in a research note on Friday, November 10th. Stephens downgraded shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, Bank of America downgraded shares of Townsquare Media from a “buy” rating to an “underperform” rating in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.67.

Townsquare Media (NYSE TSQ) traded up $0.30 during mid-day trading on Friday, reaching $7.90. 50,401 shares of the company’s stock traded hands, compared to its average volume of 58,867. Townsquare Media has a fifty-two week low of $7.00 and a fifty-two week high of $13.01. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $138.40, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.89 and a beta of 1.56.

Several institutional investors and hedge funds have recently made changes to their positions in TSQ. Prudential Financial Inc. purchased a new stake in shares of Townsquare Media in the second quarter valued at $135,000. Chicago Equity Partners LLC purchased a new position in Townsquare Media in the 2nd quarter worth about $358,000. JPMorgan Chase & Co. increased its stake in Townsquare Media by 72.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 100,300 shares of the company’s stock worth $1,027,000 after buying an additional 42,070 shares during the period. Teachers Advisors LLC increased its stake in Townsquare Media by 10.5% in the 2nd quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock worth $219,000 after buying an additional 2,023 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Townsquare Media in the 2nd quarter worth about $128,000. 48.19% of the stock is currently owned by institutional investors and hedge funds.

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

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