$0.23 EPS Expected for Townsquare Media, Inc. (NYSE:TSQ) This Quarter

Wall Street brokerages predict that Townsquare Media, Inc. (NYSE:TSQGet Rating) will announce $0.23 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Townsquare Media’s earnings, with estimates ranging from $0.22 to $0.24. Townsquare Media posted earnings of $0.17 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 35.3%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Townsquare Media will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.05 to $2.18. For the next year, analysts expect that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $1.95 to $2.14. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Townsquare Media.

Townsquare Media (NYSE:TSQGet Rating) last announced its quarterly earnings data on Thursday, March 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.22). Townsquare Media had a return on equity of 75.32% and a net margin of 4.00%. The business had revenue of $110.58 million during the quarter, compared to analysts’ expectations of $109.63 million. During the same period in the prior year, the company posted $0.18 earnings per share.

A number of research analysts have recently commented on TSQ shares. Zacks Investment Research raised Townsquare Media from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, March 18th. StockNews.com started coverage on Townsquare Media in a report on Thursday, March 31st. They set a “buy” rating on the stock.

TSQ stock traded down $0.24 during mid-day trading on Tuesday, hitting $11.26. The stock had a trading volume of 5,590 shares, compared to its average volume of 27,230. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 10.92. The stock has a market cap of $192.06 million, a PE ratio of 11.61 and a beta of 1.72. The business’s fifty day moving average price is $12.09. Townsquare Media has a 1-year low of $9.78 and a 1-year high of $15.33.

A number of large investors have recently made changes to their positions in the stock. Gabelli Funds LLC bought a new position in shares of Townsquare Media during the 3rd quarter worth approximately $131,000. Raymond James & Associates acquired a new stake in shares of Townsquare Media in the 3rd quarter valued at $158,000. Barclays PLC grew its stake in shares of Townsquare Media by 1,617.4% during the third quarter. Barclays PLC now owns 13,361 shares of the company’s stock worth $174,000 after purchasing an additional 12,583 shares during the period. State of Tennessee Treasury Department bought a new position in Townsquare Media during the fourth quarter worth about $190,000. Finally, Citadel Advisors LLC lifted its holdings in Townsquare Media by 59.1% during the second quarter. Citadel Advisors LLC now owns 16,361 shares of the company’s stock worth $209,000 after acquiring an additional 6,078 shares in the last quarter. Hedge funds and other institutional investors own 50.97% of the company’s stock.

About Townsquare Media (Get Rating)

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.

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