Townsquare Media Inc (NYSE:TSQ) declared a quarterly dividend on Tuesday, March 13th, NASDAQ reports. Investors of record on Monday, April 2nd will be given a dividend of 0.075 per share on Tuesday, May 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Thursday, March 29th.
Townsquare Media (TSQ) traded down $0.17 during midday trading on Wednesday, hitting $7.98. 6,272 shares of the company were exchanged, compared to its average volume of 56,326. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $140.43, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.89 and a beta of 1.43. Townsquare Media has a 1 year low of $6.28 and a 1 year high of $13.01.
Townsquare Media (NYSE:TSQ) last posted its earnings results on Tuesday, March 13th. The company reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. equities analysts expect that Townsquare Media will post 0.73 earnings per share for the current year.
A number of research analysts recently commented on TSQ shares. ValuEngine downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Townsquare Media from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Barrington Research raised shares of Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Tuesday. Finally, Stephens set a $9.00 target price on shares of Townsquare Media and gave the company a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Townsquare Media currently has an average rating of “Hold” and an average price target of $10.80.
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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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