Research Analysts Issue Forecasts for Townsquare Media, Inc.’s Q4 2017 Earnings (TSQ)
Townsquare Media, Inc. (NYSE:TSQ) – Analysts at Jefferies Group lifted their Q4 2017 earnings per share estimates for shares of Townsquare Media in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings per share of $0.24 for the quarter, up from their previous forecast of $0.19. Jefferies Group also issued estimates for Townsquare Media’s Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.08 EPS and Q2 2019 earnings at $0.26 EPS.
Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada set a $13.00 price target on shares of Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, July 19th.
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Shares of Townsquare Media (NYSE:TSQ) traded up 1.41% on Friday, hitting $10.09. The stock had a trading volume of 24,952 shares. Townsquare Media has a 12-month low of $8.12 and a 12-month high of $13.01. The company has a 50 day moving average of $10.59 and a 200-day moving average of $10.93. The firm has a market capitalization of $186.44 million, a P/E ratio of 13.36 and a beta of 1.73.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Wednesday, August 9th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. The business had revenue of $140.66 million during the quarter, compared to analyst estimates of $141.49 million. Townsquare Media had a return on equity of 6.88% and a net margin of 4.11%.
Several hedge funds and other institutional investors have recently modified their holdings of TSQ. Dimensional Fund Advisors LP boosted its position in shares of Townsquare Media by 173.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 75,832 shares of the company’s stock worth $789,000 after buying an additional 48,078 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Townsquare Media by 6.3% in the first quarter. Nationwide Fund Advisors now owns 16,876 shares of the company’s stock worth $206,000 after buying an additional 1,000 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Townsquare Media during the first quarter worth about $793,000. Beck Mack & Oliver LLC boosted its position in shares of Townsquare Media by 11.0% in the first quarter. Beck Mack & Oliver LLC now owns 81,000 shares of the company’s stock worth $987,000 after buying an additional 8,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Townsquare Media by 39.4% in the first quarter. Wells Fargo & Company MN now owns 99,393 shares of the company’s stock worth $1,211,000 after buying an additional 28,105 shares in the last quarter. Hedge funds and other institutional investors own 48.42% of the company’s stock.
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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