$118.61 Million in Sales Expected for Townsquare Media Inc (TSQ) This Quarter

Brokerages predict that Townsquare Media Inc (NYSE:TSQ) will announce $118.61 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Townsquare Media’s earnings, with the highest sales estimate coming in at $119.20 million and the lowest estimate coming in at $117.75 million. Townsquare Media posted sales of $119.52 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The company is expected to announce its next earnings results on Monday, March 12th.

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

A number of analysts have recently commented on the company. Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stephens cut Townsquare Media from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Noble Financial reissued a “buy” rating on shares of Townsquare Media in a research report on Friday, November 10th. Finally, Royal Bank of Canada dropped 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its holdings 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 acquiring an additional 2,023 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Townsquare Media by 42.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 28,366 shares of the company’s stock worth $290,000 after acquiring an additional 8,401 shares during the last quarter. Citigroup Inc. raised its holdings in Townsquare Media by 81.8% in the 2nd quarter. Citigroup Inc. now owns 22,084 shares of the company’s stock worth $227,000 after acquiring an additional 9,936 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Townsquare Media in the 2nd quarter worth approximately $114,000. Finally, Two Sigma Advisers LP raised its holdings in Townsquare Media by 32.3% in the 4th quarter. Two Sigma Advisers LP now owns 47,900 shares of the company’s stock worth $368,000 after acquiring an additional 11,700 shares during the last quarter. Institutional investors own 47.87% of the company’s stock.

Shares of Townsquare Media (TSQ) opened at $6.95 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. Townsquare Media has a 12-month low of $6.28 and a 12-month high of $13.01. The company has a market capitalization of $127.12, a P/E ratio of 9.17, a PEG ratio of 1.69 and a beta of 1.43.

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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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