Zacks: Brokerages Expect Townsquare Media, Inc. (NYSE:TSQ) to Post $0.63 Earnings Per Share

Wall Street brokerages expect Townsquare Media, Inc. (NYSE:TSQGet Rating) to report earnings per share (EPS) of $0.65 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Townsquare Media’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.66. Townsquare Media posted earnings of $0.53 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Townsquare Media will report full-year earnings of $2.05 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of $2.05 per share, with EPS estimates ranging from $1.95 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Townsquare Media.

Townsquare Media (NYSE:TSQGet Rating) last announced its earnings results on Thursday, March 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). The company had revenue of $110.58 million during the quarter, compared to analysts’ expectations of $109.63 million. Townsquare Media had a net margin of 5.94% and a return on equity of 60.14%. During the same period in the prior year, the business earned $0.18 earnings per share.

TSQ has been the topic of a number of recent analyst reports. initiated coverage on shares of Townsquare Media in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, March 18th.

Hedge funds have recently bought and sold shares of the business. State Street Corp increased its stake in shares of Townsquare Media by 11.6% in the first quarter. State Street Corp now owns 29,739 shares of the company’s stock worth $380,000 after buying an additional 3,097 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Townsquare Media in the first quarter worth $135,000. Gamco Investors INC. ET AL increased its stake in shares of Townsquare Media by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 294,200 shares of the company’s stock worth $3,763,000 after buying an additional 11,400 shares during the period. Sei Investments Co. increased its stake in shares of Townsquare Media by 29.5% in the first quarter. Sei Investments Co. now owns 108,545 shares of the company’s stock worth $1,388,000 after buying an additional 24,744 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Townsquare Media by 14.6% in the first quarter. BlackRock Inc. now owns 221,426 shares of the company’s stock worth $2,832,000 after buying an additional 28,217 shares during the period. 50.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TSQ opened at $10.59 on Tuesday. The firm’s 50 day simple moving average is $11.81 and its 200 day simple moving average is $12.31. The company has a market capitalization of $180.63 million, a P/E ratio of 7.41 and a beta of 1.71. The company has a debt-to-equity ratio of 9.74, a current ratio of 1.68 and a quick ratio of 1.58. Townsquare Media has a 1-year low of $9.36 and a 1-year high of $15.33.

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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