Zacks: Analysts Anticipate Townsquare Media Inc (TSQ) Will Post Quarterly Sales of $118.61 Million

Analysts expect Townsquare Media Inc (NYSE:TSQ) to announce sales of $118.61 million for the current quarter, according to Zacks. Three analysts have provided estimates for Townsquare Media’s earnings, with estimates ranging from $117.75 million to $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 company is scheduled to report its next quarterly 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 fiscal year, with estimates ranging from $510.94 million to $512.40 million. For the next financial year, analysts anticipate that the company will report sales of $527.59 million per share, with estimates ranging from $520.50 million to $536.38 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Townsquare Media.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The business had revenue of $164.11 million for the quarter, compared to analyst estimates of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%.

A number of equities analysts have weighed in on TSQ shares. Royal Bank of Canada lowered their price target on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. ValuEngine downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research report on Friday, November 10th. Finally, Stephens downgraded Townsquare Media from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.67.

Several institutional investors have recently bought and sold shares of TSQ. Northern Trust Corp grew its position in shares of Townsquare Media by 132.3% in the second quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock valued at $2,172,000 after purchasing an additional 120,796 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Townsquare Media by 37.5% in the second quarter. Dimensional Fund Advisors LP now owns 181,943 shares of the company’s stock valued at $1,863,000 after purchasing an additional 49,602 shares during the last quarter. Numeric Investors LLC grew its position in shares of Townsquare Media by 67.8% in the second quarter. Numeric Investors LLC now owns 121,739 shares of the company’s stock valued at $1,247,000 after purchasing an additional 49,200 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Townsquare Media by 72.2% in the second quarter. JPMorgan Chase & Co. now owns 100,300 shares of the company’s stock valued at $1,027,000 after purchasing an additional 42,070 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of Townsquare Media by 17.3% in the third quarter. Algert Global LLC now owns 177,240 shares of the company’s stock valued at $1,772,000 after purchasing an additional 26,177 shares during the last quarter. 48.21% of the stock is currently owned by institutional investors.

Townsquare Media (NYSE TSQ) opened at $7.67 on Monday. The firm has a market capitalization of $141.72, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 1.89 and a beta of 1.56. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.38. Townsquare Media has a 12-month low of $7.00 and a 12-month high of $13.01.

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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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