Analysts Set Expectations for Townsquare Media, Inc.’s Q2 2024 Earnings (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQFree Report) – Equities research analysts at Barrington Research upped their Q2 2024 earnings per share estimates for shares of Townsquare Media in a research report issued on Tuesday, April 2nd. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.56 for the quarter, up from their prior estimate of $0.51. Barrington Research has a “Outperform” rating and a $17.00 price objective on the stock. The consensus estimate for Townsquare Media’s current full-year earnings is $1.48 per share. Barrington Research also issued estimates for Townsquare Media’s Q3 2024 earnings at $0.53 EPS, FY2024 earnings at $1.63 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.46 EPS, Q4 2025 earnings at $0.35 EPS and FY2026 earnings at $1.60 EPS.

A number of other equities analysts have also issued reports on TSQ. Noble Financial increased their price target on Townsquare Media from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Finally, Guggenheim increased their price target on Townsquare Media from $12.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 20th.

View Our Latest Analysis on TSQ

Townsquare Media Stock Performance

Shares of NYSE TSQ opened at $12.35 on Thursday. The stock has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $10.05. The company has a debt-to-equity ratio of 50.41, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $205.38 million, a P/E ratio of -4.51, a PEG ratio of 0.68 and a beta of 1.37. Townsquare Media has a 1 year low of $8.00 and a 1 year high of $12.65.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th will be paid a dividend of $0.198 per share. The ex-dividend date is Thursday, April 4th. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 6.41%. Townsquare Media’s dividend payout ratio (DPR) is currently -27.37%.

Insider Transactions at Townsquare Media

In other news, Director Gary L. Ginsberg sold 15,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.68, for a total transaction of $175,200.00. Following the completion of the sale, the director now directly owns 100,164 shares of the company’s stock, valued at approximately $1,169,915.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Townsquare Media news, Director Gary L. Ginsberg sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $11.68, for a total transaction of $175,200.00. Following the transaction, the director now directly owns 100,164 shares in the company, valued at $1,169,915.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Erik Hellum sold 3,380 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $11.03, for a total value of $37,281.40. Following the transaction, the chief operating officer now owns 736,736 shares in the company, valued at $8,126,198.08. The disclosure for this sale can be found here. Insiders sold a total of 28,832 shares of company stock valued at $327,135 in the last three months. 30.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently made changes to their positions in TSQ. BlackRock Inc. grew its position in Townsquare Media by 295.4% during the second quarter. BlackRock Inc. now owns 631,135 shares of the company’s stock worth $7,517,000 after buying an additional 471,529 shares in the last quarter. Access Investment Management LLC acquired a new stake in Townsquare Media during the fourth quarter worth about $4,156,000. State Street Corp grew its position in Townsquare Media by 331.1% during the second quarter. State Street Corp now owns 143,738 shares of the company’s stock worth $1,738,000 after buying an additional 110,399 shares in the last quarter. Geode Capital Management LLC grew its position in Townsquare Media by 92.6% during the second quarter. Geode Capital Management LLC now owns 229,368 shares of the company’s stock worth $2,732,000 after buying an additional 110,303 shares in the last quarter. Finally, Northern Trust Corp grew its position in Townsquare Media by 376.1% during the second quarter. Northern Trust Corp now owns 98,059 shares of the company’s stock worth $1,168,000 after buying an additional 77,464 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Townsquare Media Company Profile

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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 website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.

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

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