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. StockNews.com 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.

See Also

Get a free copy of the Zacks research report on Townsquare Media (TSQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Townsquare Media (NYSE:TSQ)

Receive News & Ratings for Townsquare Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media and related companies with MarketBeat.com's FREE daily email newsletter.