Noble Financial Cuts Earnings Estimates for Townsquare Media

Townsquare Media, Inc. (NYSE:TSQ) – Equities researchers at Noble Financial decreased their Q3 2026 earnings per share estimates for shares of Townsquare Media in a research note issued to investors on Tuesday, August 11th. Noble Financial analyst M. Kupinski now expects that the company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.15. The consensus estimate for Townsquare Media’s current full-year earnings is $0.02 per share.

TSQ has been the subject of several other research reports. Wall Street Zen lowered Townsquare Media from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered shares of Townsquare Media from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Townsquare Media in a research report on Monday, May 11th. Finally, Weiss Ratings raised shares of Townsquare Media from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $10.00.

Townsquare Media Stock Down 7.6%

Shares of TSQ stock opened at $5.50 on Wednesday. The stock has a market cap of $94.02 million, a price-to-earnings ratio of -1.91, a PEG ratio of 24.79 and a beta of 1.22. The business’s fifty day moving average is $6.50 and its 200 day moving average is $6.49. Townsquare Media has a twelve month low of $4.30 and a twelve month high of $7.97.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $114.00 million during the quarter, compared to analyst estimates of $114.74 million. Townsquare Media had a negative return on equity of 5.59% and a negative net margin of 11.82%.

Townsquare Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 26th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 14.6%. The ex-dividend date of this dividend is Monday, October 26th. Townsquare Media’s payout ratio is -27.78%.

Insiders Place Their Bets

In other news, COO Erik Hellum sold 35,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.44, for a total value of $225,400.00. Following the sale, the chief operating officer directly owned 914,542 shares of the company’s stock, valued at approximately $5,889,650.48. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Robert L. Worshek sold 34,299 shares of Townsquare Media stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $6.62, for a total value of $227,059.38. Following the completion of the transaction, the chief accounting officer directly owned 142,722 shares of the company’s stock, valued at approximately $944,819.64. This represents a 19.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 30.30% of the company’s stock.

Institutional Investors Weigh In On Townsquare Media

A number of institutional investors have recently made changes to their positions in TSQ. Raymond James Financial Inc. bought a new stake in shares of Townsquare Media during the second quarter valued at approximately $33,000. Algert Global LLC bought a new position in Townsquare Media in the 3rd quarter valued at approximately $72,000. Occudo Quantitative Strategies LP purchased a new stake in Townsquare Media during the 2nd quarter valued at $101,000. XTX Topco Ltd purchased a new stake in Townsquare Media during the 4th quarter valued at $83,000. Finally, Rhumbline Advisers increased its holdings in shares of Townsquare Media by 23.2% in the 1st quarter. Rhumbline Advisers now owns 18,036 shares of the company’s stock worth $147,000 after purchasing an additional 3,393 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.