Equities research analysts forecast that Townsquare Media, Inc. (NYSE:TSQ – Get Rating) will announce $117.69 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Townsquare Media’s, with the lowest sales estimate earnings coming in at $117.66 million and the highest estimate coming in at $117.71 million. Townsquare Media posted sales of $107.34 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Townsquare Media will report full year sales of $470.77 million for the current fiscal year, with estimates ranging from $466.91 million to $474.63 million. For the next fiscal year, analysts anticipate that the firm will post sales of $495.94 million, with estimates ranging from $495.42 million to $496.46 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that provide coverage for Townsquare Media.
Townsquare Media (NYSE:TSQ – Get Rating) last released 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 firm had revenue of $110.58 million for the quarter, compared to analyst estimates of $109.63 million. Townsquare Media had a return on equity of 60.14% and a net margin of 5.94%. During the same period in the prior year, the firm earned $0.18 EPS.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, May 19th. StockNews.com assumed coverage on shares of Townsquare Media in a research report on Thursday, March 31st. They set a “buy” rating for the company.
Shares of TSQ opened at $9.92 on Thursday. The company has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $11.86. The firm has a market capitalization of $169.21 million, a P/E ratio of 6.94 and a beta of 1.72. The company has a debt-to-equity ratio of 9.74, a quick ratio of 1.68 and a current ratio of 1.68. Townsquare Media has a 52 week low of $9.23 and a 52 week high of $15.33.
Several institutional investors and hedge funds have recently made changes to their positions in TSQ. American Century Companies Inc. increased its stake in Townsquare Media by 8.0% in the first quarter. American Century Companies Inc. Now owns 951,531 shares of the company’s stock valued at $12,170,000 after acquiring an additional 70,784 shares during the period. Russell Investments Group Ltd. increased its stake in Townsquare Media by 4.0% in the fourth quarter. Russell Investments Group Ltd. Now owns 416,105 shares of the company’s stock valued at $5,545,000 after acquiring an additional 16,033 shares during the period. Beck Mack & Oliver LLC increased its stake in Townsquare Media by 24.9% in the fourth quarter. Beck Mack & Oliver LLC now owns 296,750 shares of the company’s stock valued at $3,956,000 after acquiring an additional 59,100 shares during the period. Gamco Investors INC. ET AL increased its stake in Townsquare Media by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 294,200 shares of the company’s stock valued at $3,763,000 after acquiring an additional 11,400 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Townsquare Media by 0.9% in the first quarter. Acadian Asset Management LLC now owns 251,706 shares of the company’s stock valued at $3,217,000 after acquiring an additional 2,203 shares during the period. 50.04% of the stock is owned by institutional investors and hedge funds.
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.
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