Equities Analysts Set Expectations for TSQ FY2024 Earnings

Townsquare Media, Inc. (NYSE:TSQ) – Stock analysts at Barrington Research increased their FY2024 earnings estimates for Townsquare Media in a research note issued to investors on Monday, November 11th. Barrington Research analyst J. Goss now forecasts that the company will post earnings of $1.07 per share for the year, up from their prior forecast of $0.97. Barrington Research currently has a “Outperform” rating and a $17.00 target price on the stock. The consensus estimate for Townsquare Media’s current full-year earnings is $1.07 per share. Barrington Research also issued estimates for Townsquare Media’s Q4 2024 earnings at $0.58 EPS and Q4 2025 earnings at $0.20 EPS.

Separately, StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday.

Townsquare Media Price Performance

Shares of TSQ opened at $9.83 on Wednesday. The company has a market cap of $151.28 million, a price-to-earnings ratio of -3.63, a PEG ratio of 0.77 and a beta of 1.36. Townsquare Media has a 1-year low of $9.05 and a 1-year high of $13.57. The company’s fifty day simple moving average is $10.07 and its 200 day simple moving average is $10.73. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80.

Townsquare Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 8.04%. Townsquare Media’s dividend payout ratio is -29.15%.

Insider Buying and Selling

In related news, Director Stephen A. Kaplan bought 50,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was purchased at an average price of $10.41 per share, with a total value of $520,500.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Stephen A. Kaplan bought 50,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was purchased at an average price of $10.41 per share, with a total value of $520,500.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Erik Hellum sold 18,166 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $10.05, for a total transaction of $182,568.30. Following the completion of the transaction, the chief operating officer now directly owns 562,680 shares of the company’s stock, valued at $5,654,934. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,153 shares of company stock valued at $386,614 over the last quarter. 30.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake in shares of Townsquare Media by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares during the period. Access Investment Management LLC increased its stake in shares of Townsquare Media by 0.5% in the second quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock valued at $4,340,000 after buying an additional 2,140 shares during the period. Rhumbline Advisers increased its stake in shares of Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after buying an additional 2,481 shares during the period. Boyar Asset Management Inc. increased its stake in shares of Townsquare Media by 8.7% in the second quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock valued at $429,000 after buying an additional 3,150 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Townsquare Media by 8.9% in the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock valued at $465,000 after buying an additional 3,469 shares during the period. Institutional investors own 71.69% of the company’s stock.

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.