Equity analysts expect Townsquare Media, Inc. (NYSE: TSQ) $0.37 in earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Townsquare Media’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.38. Townsquare Media reported earnings of $0.18 per share for the same quarter last year, indicating a positive annual growth rate of 105.6%. The company is scheduled to release its next earnings report on Tuesday, March 15th.
According to Zacks, analysts expect Townsquare Media to report full-year earnings of $1.55 per share for the current fiscal year. For the next fiscal year, analysts expect the company to earn earnings of $1.93 per share, with EPS estimates ranging from $1.85 to $2.00. Zacks earnings per share calculations are an average based on a survey of research analysts who follow Townsquare Media.
Townsquare Media (NYSE:TSQ) released its latest quarterly earnings data on Tuesday, November 2nd. The company reported earnings of $0.54 per share for the quarter, topping Zacks’ consensus estimate of $0.47 by $0.07. Townsquare Media’s net profit margin was 4.77% and the return on equity was 59.48%. The company generated $111.28 million in revenue for the quarter, compared to analyst estimates of $106.81 million. During the same period in the previous year, the company earned earnings of $0.12 per share.
Separately, Zacks Investment Research lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Tuesday, November 16th.
A number of institutional investors have recently made changes to their positions in the business. Sigma Advisors LP raised its stakes in Townsquare Media by 59.6% in the third quarter. Two Sigma Advisers LP now owns 42,600 shares of the company’s stock, valued at $557,000 after purchasing an additional 15,900 shares in the last quarter. Millennium Management LLC increased its stake in Townsquare Media by 97.8% during the 3rd quarter. Millennium Management LLC now owns 36,774 shares of the company’s stock valued at $481,000 after acquiring an additional 18,181 shares in the last quarter. Morgan Stanley increased his holdings in shares of Townsquare Media by 4.7% during the 3rd quarter. Morgan Stanley now owns 46,291 shares of the company’s stock, valued at $605,000, after acquiring an additional 2,088 shares in the last quarter. Gamco Investors INC. has increased. ET AL held its stake in Townsquare Media by 35.5% during the third quarter. Gamco Investors INC. ET AL now has 220,900 shares of the company’s stock valued at $2,887,000 after acquiring an additional 57,900 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Townsquare Media during the third quarter valued at approximately $131,000. Institutional investors and hedge funds own 50.44% of the company’s stock.
NYSE: TSQ opened at $12.37 on Friday. Townsquare Media recorded a one-year low of $7.32 and a one-year high of $15.33. The company has a 50-day moving average of $12.87 and a 200-day moving average of $12.81. The company has a market capitalization of $207.07 million, a PE ratio of 11.78 and a beta of 1.70. The company’s debt-to-equity ratio is 11.81, the trading ratio is 1.54 and the velocity ratio is 1.54.
About Town Square Media
Townsquare Media, Inc. is a community-focused digital media, digital marketing and radio solutions company. It owns and operates radio stations, digital and social properties, and live events in small and medium markets throughout the United States. The company creates and distributes original content for entertainment, music and lifestyle.
Further reading: Judging
Get a Free Copy of Zacks Research Report on Townsquare Media (TSQ)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1000 in Townsquare Media now?
Before you even think about Townsquare Media, you’ll want to hear this.
MarketBeat tracks the top-rated and best performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market goes viral… Townsquare Media wasn’t on the list.
While Townsquare Media currently has a “buy” rating among analysts, top-rated analysts believe these five stocks are a better buy.
View stock 5 here