Townsquare Media Inc (TSQ) Expected to Announce Quarterly Sales of $112.50 Million
Equities research analysts expect Townsquare Media Inc (NYSE:TSQ) to post sales of $112.50 million for the current quarter, according to Zacks. Three analysts have issued estimates for Townsquare Media’s earnings, with estimates ranging from $111.16 million to $114.40 million. Townsquare Media reported sales of $164.11 million in the same quarter last year, which indicates a negative year over year growth rate of 31.4%. The business is expected to announce its next earnings results on Tuesday, November 6th.
On average, analysts expect that Townsquare Media will report full year sales of $429.13 million for the current year, with estimates ranging from $425.48 million to $434.20 million. For the next year, analysts forecast that the business will post sales of $430.90 million per share, with estimates ranging from $425.74 million to $435.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Townsquare Media.
Townsquare Media (NYSE:TSQ) last released its earnings results on Wednesday, August 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. Townsquare Media had a negative net margin of 7.70% and a positive return on equity of 7.07%. The business had revenue of $119.58 million during the quarter, compared to analysts’ expectations of $115.56 million.
Hedge funds have recently added to or reduced their stakes in the business. Dupont Capital Management Corp bought a new position in Townsquare Media during the first quarter worth $178,000. LMR Partners LLP bought a new position in Townsquare Media during the second quarter worth $170,000. Millennium Management LLC boosted its position in Townsquare Media by 150.9% during the fourth quarter. Millennium Management LLC now owns 31,858 shares of the company’s stock worth $245,000 after purchasing an additional 19,158 shares during the period. Trexquant Investment LP bought a new position in Townsquare Media during the first quarter worth $297,000. Finally, Paloma Partners Management Co bought a new position in Townsquare Media during the second quarter worth $278,000. 42.98% of the stock is owned by hedge funds and other institutional investors.
NYSE:TSQ opened at $9.27 on Friday. Townsquare Media has a 1-year low of $6.03 and a 1-year high of $10.59. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $177.05 million, a P/E ratio of 12.53, a PEG ratio of 2.24 and a beta of 1.35.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, September 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, September 26th. This represents a $0.30 dividend on an annualized basis and a yield of 3.24%. Townsquare Media’s dividend payout ratio (DPR) is 40.54%.
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.
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