FY2016 EPS Estimates for Townsquare Media Inc. (TSQ) Cut by Analyst
Townsquare Media Inc. (NYSE:TSQ) – Equities research analysts at Barrington Research cut their FY2016 earnings per share estimates for Townsquare Media in a report released on Friday. Barrington Research analyst J. Goss now expects that the firm will post earnings of $1.05 per share for the year, down from their prior estimate of $1.10. Barrington Research also issued estimates for Townsquare Media’s Q4 2016 earnings at $0.22 EPS and FY2017 earnings at $1.05 EPS.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.67 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Townsquare Media had a return on equity of 6.70% and a net margin of 4.37%. The firm earned $165.80 million during the quarter, compared to analyst estimates of $172.94 million.
A number of other research analysts have also recently commented on TSQ. Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Jefferies Group reduced their target price on Townsquare Media from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 5th.
Townsquare Media (NYSE:TSQ) opened at 8.83 on Monday. Townsquare Media has a 52-week low of $7.30 and a 52-week high of $12.05. The company has a market capitalization of $162.42 million, a price-to-earnings ratio of 10.85 and a beta of 1.75. The stock has a 50 day moving average price of $8.90 and a 200 day moving average price of $8.83.
A number of hedge funds have recently bought and sold shares of the stock. Skylands Capital LLC raised its stake in Townsquare Media by 21.7% in the second quarter. Skylands Capital LLC now owns 142,600 shares of the company’s stock worth $1,125,000 after buying an additional 25,400 shares in the last quarter. Strs Ohio raised its stake in Townsquare Media by 16.2% in the second quarter. Strs Ohio now owns 56,600 shares of the company’s stock worth $446,000 after buying an additional 7,900 shares in the last quarter. American Century Companies Inc. raised its stake in Townsquare Media by 24.5% in the second quarter. American Century Companies Inc. now owns 421,433 shares of the company’s stock worth $3,325,000 after buying an additional 83,061 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Townsquare Media by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 36,579 shares of the company’s stock worth $288,000 after buying an additional 226 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Townsquare Media by 25.1% in the second quarter. California State Teachers Retirement System now owns 18,109 shares of the company’s stock worth $143,000 after buying an additional 3,638 shares in the last quarter. Institutional investors and hedge funds own 51.91% of the company’s stock.
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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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