Townsquare Media (TSQ) Set to Announce Quarterly Earnings on Thursday

Townsquare Media (NYSE:TSQ) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.28). Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. The company had revenue of $118.23 million for the quarter, compared to analyst estimates of $117.99 million. On average, analysts expect Townsquare Media to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Townsquare Media Stock Up 1.8 %

Shares of NYSE:TSQ opened at $9.92 on Wednesday. The company’s fifty day moving average is $10.12 and its 200-day moving average is $10.82. 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 $8.59 and a 52 week high of $13.57. The company has a market capitalization of $152.71 million, a PE ratio of -1.77, a P/E/G ratio of 0.84 and a beta of 1.36.

Insider Activity

In other news, COO Erik Hellum sold 18,166 shares of Townsquare Media stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.05, for a total transaction of $182,568.30. Following the completion of the sale, the chief operating officer now owns 562,680 shares in the company, valued at $5,654,934. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Erik Hellum sold 18,166 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $10.05, for a total value of $182,568.30. Following the transaction, the chief operating officer now directly owns 562,680 shares in the company, valued at $5,654,934. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen A. Kaplan acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of $10.41 per share, with a total value of $520,500.00. Following the acquisition, the director now directly 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 disclosure for this purchase can be found here. In the last ninety days, insiders sold 28,585 shares of company stock valued at $289,812. Company insiders own 34.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TSQ. StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a report on Monday, August 12th.

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.