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.

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

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.

COPYRIGHT VIOLATION NOTICE: “FY2016 EPS Estimates for Townsquare Media Inc. (TSQ) Cut by Analyst” was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2016/11/23/fy2016-eps-estimates-for-townsquare-media-inc-tsq-cut-by-analyst.html.

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.

5 Day Chart for NYSE:TSQ

Receive News & Stock Ratings for Townsquare Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media Inc. and related stocks with our FREE daily email newsletter.