Townsquare Media, Inc. (NYSE:TSQ) Expected to Announce Earnings of $0.59 Per Share

Brokerages expect Townsquare Media, Inc. (NYSE:TSQ) to announce earnings of $0.59 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Townsquare Media’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.60. Townsquare Media reported earnings of ($0.40) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 247.5%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, August 3rd.

According to Zacks, analysts expect that Townsquare Media will report full year earnings of $1.30 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.90 to $1.94. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Townsquare Media.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Monday, May 10th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The business had revenue of $88.76 million during the quarter, compared to analyst estimates of $88.12 million. Townsquare Media had a negative net margin of 7.74% and a positive return on equity of 6.38%.

TSQ has been the subject of several research analyst reports. TheStreet lowered shares of Townsquare Media from a “c-” rating to a “d” rating in a research report on Wednesday, July 7th. Zacks Investment Research lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Wednesday, July 14th.

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in Townsquare Media by 37.8% in the 1st quarter. Renaissance Technologies LLC now owns 817,752 shares of the company’s stock worth $8,774,000 after buying an additional 224,246 shares during the period. Dimensional Fund Advisors LP increased its holdings in Townsquare Media by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 677,814 shares of the company’s stock worth $7,273,000 after buying an additional 48,226 shares during the period. Russell Investments Group Ltd. acquired a new position in Townsquare Media in the 1st quarter worth approximately $3,325,000. Hillsdale Investment Management Inc. acquired a new position in Townsquare Media in the 1st quarter worth approximately $2,820,000. Finally, Federated Hermes Inc. acquired a new position in Townsquare Media in the 1st quarter worth approximately $2,390,000. Institutional investors own 50.78% of the company’s stock.

Shares of Townsquare Media stock traded down $0.03 during midday trading on Thursday, hitting $12.04. The company had a trading volume of 148 shares, compared to its average volume of 38,449. The stock has a market capitalization of $196.61 million, a PE ratio of -7.39 and a beta of 1.81. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 24.89. The business has a fifty day moving average price of $13.09. Townsquare Media has a 12-month low of $4.35 and a 12-month high of $14.39.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through Advertising, Townsquare Interactive, and Live Events segments. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications; and digital advertising services, as well as operates Townsquare Ignite, a digital programmatic advertising platform.

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

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