Townsquare Media Inc to Post FY2020 Earnings of $1.30 Per Share, Barrington Research Forecasts (TSQ)
Townsquare Media Inc (NYSE:TSQ) – Investment analysts at Barrington Research issued their FY2020 earnings estimates for shares of Townsquare Media in a report issued on Wednesday, March 13th. Barrington Research analyst J. Goss forecasts that the company will earn $1.30 per share for the year.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $108.96 million during the quarter, compared to the consensus estimate of $104.88 million.
Shares of Townsquare Media stock opened at $5.84 on Monday. Townsquare Media has a 1 year low of $3.95 and a 1 year high of $9.79. The firm has a market cap of $114.02 million, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 0.46 and a beta of 2.11. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.03 and a quick ratio of 2.03.
A number of institutional investors have recently made changes to their positions in TSQ. O Shaughnessy Asset Management LLC acquired a new stake in shares of Townsquare Media during the fourth quarter worth $54,000. Connor Clark & Lunn Investment Management Ltd. lifted 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 buying an additional 4,100 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Townsquare Media during the fourth quarter worth $86,000. Virtu Financial LLC acquired a new stake in shares of Townsquare Media during the third quarter worth $101,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Townsquare Media during the third quarter worth $128,000. 41.63% of the stock is owned by institutional investors and hedge funds.
In other Townsquare Media news, Director David Lebow sold 6,700 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $5.34, for a total transaction of $35,778.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 26.70% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Monday, April 1st. Townsquare Media’s dividend payout ratio is 29.13%.
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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