Q2 2024 EPS Estimates for Townsquare Media, Inc. (NYSE:TSQ) Raised by Noble Financial

Townsquare Media, Inc. (NYSE:TSQFree Report) – Research analysts at Noble Financial raised their Q2 2024 earnings estimates for shares of Townsquare Media in a research report issued on Monday, April 1st. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings of $0.47 per share for the quarter, up from their previous forecast of $0.39. Noble Financial has a “Outperform” rating and a $21.00 price objective on the stock. The consensus estimate for Townsquare Media’s current full-year earnings is $1.40 per share. Noble Financial also issued estimates for Townsquare Media’s Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.77 EPS and FY2025 earnings at $1.24 EPS.

Several other analysts also recently issued reports on TSQ. Guggenheim boosted their target price on shares of Townsquare Media from $12.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a research note on Tuesday. Finally, StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a research note on Friday, March 29th.

Check Out Our Latest Stock Analysis on TSQ

Townsquare Media Price Performance

Shares of NYSE:TSQ opened at $12.03 on Tuesday. The company’s fifty day moving average is $10.83 and its two-hundred day moving average is $10.04. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 50.41. Townsquare Media has a 12-month low of $7.94 and a 12-month high of $12.65. The company has a market cap of $200.06 million, a P/E ratio of -4.39, a price-to-earnings-growth ratio of 0.65 and a beta of 1.37.

Townsquare Media Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th will be paid a $0.198 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from Townsquare Media’s previous quarterly dividend of $0.19. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.58%. Townsquare Media’s dividend payout ratio is -27.37%.

Insider Transactions at Townsquare Media

In related news, COO Erik Hellum sold 3,972 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $11.02, for a total value of $43,771.44. Following the completion of the sale, the chief operating officer now directly owns 701,998 shares in the company, valued at $7,736,017.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 13,832 shares of company stock valued at $151,935. 29.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Townsquare Media

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Townsquare Media by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 591,495 shares of the company’s stock worth $6,246,000 after purchasing an additional 7,252 shares in the last quarter. Barclays PLC boosted its holdings in Townsquare Media by 109.5% during the fourth quarter. Barclays PLC now owns 26,676 shares of the company’s stock valued at $282,000 after acquiring an additional 13,944 shares during the period. Nuveen Asset Management LLC boosted its holdings in Townsquare Media by 12.3% during the fourth quarter. Nuveen Asset Management LLC now owns 16,995 shares of the company’s stock valued at $180,000 after acquiring an additional 1,863 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Townsquare Media by 0.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 362,847 shares of the company’s stock valued at $3,832,000 after acquiring an additional 3,000 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Townsquare Media by 2.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 243,700 shares of the company’s stock valued at $2,573,000 after acquiring an additional 5,288 shares during the period. 71.69% of the stock is currently owned by institutional investors.

About Townsquare Media

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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 website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.

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

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