Brokerages forecast that Townsquare Media Inc (NYSE:TSQ) will report sales of $104.88 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Townsquare Media’s earnings, with the highest sales estimate coming in at $105.10 million and the lowest estimate coming in at $104.65 million. Townsquare Media reported sales of $114.26 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8.2%. The business is scheduled to report its next earnings results on Tuesday, March 12th.

According to Zacks, analysts expect that Townsquare Media will report full year sales of $428.31 million for the current financial year, with estimates ranging from $426.70 million to $429.92 million. For the next year, analysts expect that the business will report sales of $431.95 million, with estimates ranging from $428.20 million to $435.69 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Townsquare Media.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Tuesday, November 6th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Townsquare Media had a negative net margin of 9.68% and a positive return on equity of 6.11%. The firm had revenue of $114.07 million during the quarter, compared to analyst estimates of $112.59 million.

TSQ has been the topic of a number of research analyst reports. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a report on Wednesday, October 17th. Zacks Investment Research cut Townsquare Media from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, ValuEngine cut Townsquare Media from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.75.

In related news, Director Stephen A. Kaplan acquired 10,000 shares of Townsquare Media stock in a transaction on Thursday, November 8th. The shares were bought at an average price of $6.40 per share, for a total transaction of $64,000.00. Following the completion of the purchase, the director now directly owns 22,135 shares in the company, valued at approximately $141,664. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Townsquare Media during the third quarter worth about $101,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Townsquare Media during the third quarter worth about $125,000. Alambic Investment Management L.P. purchased a new stake in shares of Townsquare Media during the third quarter worth about $128,000. Wells Fargo & Company MN increased its position in shares of Townsquare Media by 138.2% during the third quarter. Wells Fargo & Company MN now owns 21,201 shares of the company’s stock worth $166,000 after acquiring an additional 12,301 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Townsquare Media during the second quarter worth about $278,000. 43.62% of the stock is currently owned by institutional investors and hedge funds.

Townsquare Media stock traded down $0.03 during midday trading on Tuesday, reaching $5.83. The stock had a trading volume of 43,027 shares, compared to its average volume of 88,665. Townsquare Media has a twelve month low of $3.95 and a twelve month high of $9.79. The stock has a market capitalization of $110.44 million, a P/E ratio of 7.88, a PEG ratio of 0.46 and a beta of 1.69. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, December 27th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Wednesday, December 26th. Townsquare Media’s dividend payout ratio is presently 40.54%.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

Further Reading: What Does Beta Mean In Stock Selection

Get a free copy of the Zacks research report on Townsquare Media (TSQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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