Brokerages expect that Townsquare Media Inc (NYSE:TSQ) will announce earnings of $0.13 per share for the current quarter, Zacks reports. Three analysts have made estimates for Townsquare Media’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.17. Townsquare Media posted earnings of $0.19 per share in the same quarter last year, which suggests a negative year over year growth rate of 31.6%. The business is scheduled to report its next quarterly earnings results on Monday, March 12th.

According to Zacks, analysts expect that Townsquare Media will report full-year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.80. For the next fiscal year, analysts forecast that the business will report earnings of $1.02 per share, with EPS estimates ranging from $0.91 to $1.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Townsquare Media.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine lowered Townsquare Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stephens lowered Townsquare Media from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research report on Friday, November 10th. Finally, Royal Bank of Canada decreased their target price on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $11.67.

Shares of Townsquare Media (NYSE:TSQ) opened at $6.78 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $122.87, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.64 and a beta of 1.43. Townsquare Media has a 1 year low of $6.28 and a 1 year high of $13.01.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in shares of Townsquare Media by 10.5% in the 2nd quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock worth $219,000 after acquiring an additional 2,023 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Townsquare Media by 42.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 28,366 shares of the company’s stock worth $290,000 after acquiring an additional 8,401 shares in the last quarter. Citigroup Inc. raised its position in shares of Townsquare Media by 81.8% in the 2nd quarter. Citigroup Inc. now owns 22,084 shares of the company’s stock worth $227,000 after acquiring an additional 9,936 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Townsquare Media in the 2nd quarter worth $114,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Townsquare Media by 119.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 22,162 shares of the company’s stock worth $222,000 after acquiring an additional 12,062 shares in the last quarter. 47.87% of the stock is owned by hedge funds and other institutional investors.

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About Townsquare Media

Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

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

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