Townsquare Media, Inc. (TSQ) Announces Quarterly Earnings Results
Townsquare Media, Inc. (NYSE:TSQ) announced its earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01, Bloomberg Earnings reports. The company had revenue of $140.66 million for the quarter, compared to analysts’ expectations of $141.49 million. Townsquare Media had a return on equity of 6.80% and a net margin of 4.20%.
Townsquare Media (TSQ) traded down 4.14% on Thursday, hitting $9.96. 44,759 shares of the stock traded hands. The firm’s 50-day moving average price is $10.59 and its 200-day moving average price is $10.93. Townsquare Media has a 12-month low of $8.12 and a 12-month high of $13.01. The stock has a market cap of $183.94 million, a price-to-earnings ratio of 12.75 and a beta of 1.73.
Several brokerages have weighed in on TSQ. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $13.00 target price on shares of Townsquare Media and gave the stock a “buy” rating in a research note on Tuesday, July 18th.
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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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