Barrington Research Comments on Townsquare Media Inc’s Q2 2019 Earnings (TSQ)

Townsquare Media Inc (NYSE:TSQ) – Investment analysts at Barrington Research dropped their Q2 2019 earnings estimates for Townsquare Media in a report released on Monday, May 13th. Barrington Research analyst J. Goss now expects that the company will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.40. Barrington Research also issued estimates for Townsquare Media’s Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $0.90 EPS, Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.30 EPS, Q3 2020 earnings at $0.35 EPS and Q4 2020 earnings at $0.45 EPS.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, May 7th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $93.68 million during the quarter, compared to the consensus estimate of $92.72 million. Townsquare Media had a negative net margin of 2.43% and a positive return on equity of 8.52%.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada set a $8.00 target price on shares of Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, March 26th. Noble Financial restated a “buy” rating and issued a $12.00 target price on shares of Townsquare Media in a research note on Thursday, March 14th. Zacks Investment Research downgraded shares of Townsquare Media from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine upgraded shares of Townsquare Media from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th.

Shares of TSQ stock opened at $5.95 on Wednesday. The firm has a market capitalization of $115.56 million, a PE ratio of 5.77, a PEG ratio of 0.49 and a beta of 2.08. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.79. Townsquare Media has a twelve month low of $3.95 and a twelve month high of $9.79.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.30 dividend on an annualized basis and a yield of 5.05%. Townsquare Media’s dividend payout ratio (DPR) is 29.13%.

In other Townsquare Media news, Director David Lebow sold 6,700 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $5.34, for a total transaction of $35,778.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 24.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSQ. O Shaughnessy Asset Management LLC bought a new position in Townsquare Media during the 4th quarter valued at $54,000. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Townsquare Media during the first quarter worth $57,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Townsquare Media during the first quarter worth $74,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 purchasing an additional 4,100 shares during the period. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Townsquare Media during the fourth quarter worth $86,000. Hedge funds and other institutional investors own 40.97% 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. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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

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