Brokerages expect Townsquare Media Inc (NYSE:TSQ) to report earnings of ($0.11) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Townsquare Media’s earnings, with estimates ranging from ($0.16) to ($0.05). Townsquare Media reported earnings per share of $0.33 during the same quarter last year, which would indicate a negative year over year growth rate of 133.3%. The firm is expected to issue its next earnings results before the market opens on Monday, November 9th.
On average, analysts expect that Townsquare Media will report full year earnings of ($0.35) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.28 to $0.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Townsquare Media.
Townsquare Media (NYSE:TSQ) last issued its earnings results on Monday, August 10th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.04). The firm had revenue of $74.06 million during the quarter, compared to analyst estimates of $72.40 million. Townsquare Media had a negative net margin of 40.41% and a negative return on equity of 40.21%.
Several analysts have recently commented on TSQ shares. Barrington Research restated a “hold” rating on shares of Townsquare Media in a research note on Tuesday, August 11th. ValuEngine upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, August 24th.
Shares of TSQ traded down $0.08 during trading hours on Tuesday, hitting $4.73. The stock had a trading volume of 4,619 shares, compared to its average volume of 33,197. The company has a debt-to-equity ratio of 6.25, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a 50 day simple moving average of $4.77 and a 200-day simple moving average of $4.63. Townsquare Media has a 1-year low of $3.54 and a 1-year high of $10.34.
Hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. acquired a new position in Townsquare Media during the 2nd quarter valued at about $102,000. Hancock Whitney Corp boosted its stake in Townsquare Media by 20.5% during the 2nd quarter. Hancock Whitney Corp now owns 24,753 shares of the company’s stock valued at $111,000 after purchasing an additional 4,215 shares during the last quarter. RBF Capital LLC boosted its stake in Townsquare Media by 52.8% during the 2nd quarter. RBF Capital LLC now owns 88,363 shares of the company’s stock valued at $395,000 after purchasing an additional 30,530 shares during the last quarter. BlackRock Inc. boosted its stake in Townsquare Media by 4.0% during the 1st quarter. BlackRock Inc. now owns 118,760 shares of the company’s stock valued at $547,000 after purchasing an additional 4,518 shares during the last quarter. Finally, Bridgeway Capital Management Inc. boosted its stake in Townsquare Media by 10.0% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 307,100 shares of the company’s stock valued at $1,373,000 after purchasing an additional 28,000 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.
About Townsquare Media
Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.
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