Wall Street analysts expect that Townsquare Media Inc (NYSE:TSQ) will post $92.72 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Townsquare Media’s earnings. The highest sales estimate is $93.05 million and the lowest is $92.39 million. Townsquare Media posted sales of $94.23 million during the same quarter last year, which indicates a negative year over year growth rate of 1.6%. The business is expected to report its next quarterly earnings results on Tuesday, May 14th.
On average, analysts expect that Townsquare Media will report full year sales of $446.40 million for the current year, with estimates ranging from $446.10 million to $446.70 million. For the next financial year, analysts anticipate that the firm will post sales of $478.53 million, with estimates ranging from $469.75 million to $487.31 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Townsquare Media.
Townsquare Media (NYSE:TSQ) last posted its earnings results on Tuesday, March 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Townsquare Media had a positive return on equity of 7.17% and a negative net margin of 7.32%. The company had revenue of $108.96 million for the quarter, compared to analysts’ expectations of $104.88 million.
Shares of NYSE TSQ opened at $5.90 on Tuesday. Townsquare Media has a fifty-two week low of $3.95 and a fifty-two week high of $9.79. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.63. The stock has a market cap of $107.58 million, a P/E ratio of 5.73, a P/E/G ratio of 0.46 and a beta of 2.11.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 2nd will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, April 1st. Townsquare Media’s dividend payout ratio is currently 29.13%.
In related news, Director David Lebow sold 6,700 shares of Townsquare Media stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $5.34, for a total transaction of $35,778.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 26.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Townsquare Media by 3.7% during the fourth quarter. BlackRock Inc. now owns 63,528 shares of the company’s stock worth $260,000 after acquiring an additional 2,259 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Townsquare Media by 25.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,098 shares of the company’s stock worth $82,000 after acquiring an additional 4,100 shares during the period. Wells Fargo & Company MN grew its holdings in Townsquare Media by 138.2% during the third quarter. Wells Fargo & Company MN now owns 21,201 shares of the company’s stock worth $166,000 after acquiring an additional 12,301 shares during the period. Virtu Financial LLC acquired a new position in Townsquare Media during the third quarter worth about $101,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Townsquare Media during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 41.63% of the company’s stock.
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 two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.
Read More: Why is total return important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.