Townsquare Media (NYSE:TSQ) released its earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01, MarketWatch Earnings reports. The business had revenue of $108.96 million during the quarter, compared to the consensus estimate of $104.88 million. Townsquare Media had a negative net margin of 9.68% and a positive return on equity of 6.11%.
Shares of TSQ stock opened at $5.39 on Wednesday. The firm has a market capitalization of $90.55 million, a price-to-earnings ratio of 7.28, a PEG ratio of 0.44 and a beta of 2.16. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.55. Townsquare Media has a one year low of $3.95 and a one year high of $9.79.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Townsquare Media from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Noble Financial reiterated a “buy” rating and issued a $10.00 price target on shares of Townsquare Media in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.50.
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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.
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