Analysts Expect Townsquare Media Inc (TSQ) Will Announce Earnings of $0.35 Per Share
Equities research analysts expect Townsquare Media Inc (NYSE:TSQ) to report earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Townsquare Media’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.31. Townsquare Media reported earnings of $0.51 per share during the same quarter last year, which would indicate a negative year over year growth rate of 31.4%. The company is scheduled to report its next earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Townsquare Media will report full-year earnings of ($0.15) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to $0.07. For the next year, analysts anticipate that the firm will post earnings of $1.17 per share, with EPS estimates ranging from $0.88 to $1.74. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Townsquare Media.
Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. Townsquare Media had a negative net margin of 7.70% and a positive return on equity of 7.07%. The firm had revenue of $119.58 million during the quarter, compared to analysts’ expectations of $115.56 million.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LMR Partners LLP bought a new stake in shares of Townsquare Media in the 2nd quarter valued at about $170,000. Dupont Capital Management Corp bought a new stake in shares of Townsquare Media in the 1st quarter valued at about $178,000. Millennium Management LLC raised its holdings in shares of Townsquare Media by 150.9% in the 4th quarter. Millennium Management LLC now owns 31,858 shares of the company’s stock valued at $245,000 after purchasing an additional 19,158 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Townsquare Media in the 2nd quarter valued at about $278,000. Finally, Trexquant Investment LP bought a new stake in shares of Townsquare Media in the 1st quarter valued at about $297,000. Institutional investors own 42.98% of the company’s stock.
TSQ traded down $0.01 on Friday, reaching $9.36. 9,540 shares of the company traded hands, compared to its average volume of 62,136. Townsquare Media has a one year low of $6.03 and a one year high of $10.59. The firm has a market capitalization of $184.23 million, a price-to-earnings ratio of 12.65, a PEG ratio of 2.61 and a beta of 1.35. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.17 and a quick ratio of 2.17.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, September 27th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 26th. This represents a $0.30 dividend on an annualized basis and a yield of 3.21%. Townsquare Media’s payout ratio is 40.54%.
Townsquare Media Company Profile
Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.
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