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.
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.
TRADEMARK VIOLATION WARNING: “$118.61 Million in Sales Expected for Townsquare Media Inc (TSQ) This Quarter” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/15/118-61-million-in-sales-expected-for-townsquare-media-inc-tsq-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Townsquare Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media and related companies with MarketBeat.com's FREE daily email newsletter.