Townsquare Media, Inc. Plans Quarterly Dividend of $0.20 (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQ) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.1975 per share on Saturday, February 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date is Tuesday, January 21st.

Townsquare Media has a payout ratio of 78.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Townsquare Media to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.79 annual dividend with an expected future payout ratio of 79.8%.

Townsquare Media Stock Performance

Shares of NYSE TSQ traded down $0.17 during trading hours on Friday, reaching $9.98. 28,628 shares of the stock were exchanged, compared to its average volume of 51,555. The firm has a market capitalization of $153.59 million, a price-to-earnings ratio of -1.81, a P/E/G ratio of 0.88 and a beta of 1.36. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.36. Townsquare Media has a 52 week low of $8.60 and a 52 week high of $13.57. The stock’s fifty day simple moving average is $10.10 and its 200 day simple moving average is $10.81.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). The company had revenue of $118.23 million for the quarter, compared to the consensus estimate of $117.99 million. Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. Sell-side analysts predict that Townsquare Media will post 0.97 EPS for the current year.

Insider Transactions at Townsquare Media

In other Townsquare Media news, Director Stephen A. Kaplan purchased 50,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the transaction, the director now owns 137,808 shares of the company’s stock, valued at $1,434,581.28. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Stephen A. Kaplan bought 50,000 shares of the stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of $10.41 per share, for a total transaction of $520,500.00. Following the acquisition, the director now owns 137,808 shares in the company, valued at approximately $1,434,581.28. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Erik Hellum sold 9,223 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.30, for a total transaction of $94,996.90. Following the transaction, the chief operating officer now owns 607,680 shares of the company’s stock, valued at approximately $6,259,104. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,585 shares of company stock worth $289,812. Company insiders own 30.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TSQ shares. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a research report on Thursday. StockNews.com downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Townsquare Media Company Profile

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.