Townsquare Media Inc (TSQ) to Issue Quarterly Dividend of $0.08

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 hedge fund recently raised its stake in Townsquare Media stock. State Street Corp increased its holdings in shares of Townsquare Media Inc (NYSE:TSQ) by 10.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,635 shares of the company’s stock after purchasing an additional 13,570 shares during the period. State Street Corp owned 0.77% of Townsquare Media worth $1,447,000 as of its most recent SEC filing. 49.02% of the stock is currently owned by hedge funds and other institutional investors.

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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