Townsquare Media (TSQ) Scheduled to Post Earnings on Thursday

Townsquare Media (NYSE:TSQ) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Townsquare Media has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Friday, March 15th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Townsquare Media had a positive return on equity of 55.40% and a negative net margin of 9.90%. The firm had revenue of $114.79 million during the quarter, compared to analysts’ expectations of $111.78 million. On average, analysts expect Townsquare Media to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Townsquare Media Trading Down 1.3 %

Shares of NYSE:TSQ opened at $12.63 on Wednesday. The business’s 50-day moving average is $11.59 and its 200 day moving average is $10.66. The company has a debt-to-equity ratio of 50.41, a current ratio of 1.74 and a quick ratio of 1.74. Townsquare Media has a 1 year low of $8.00 and a 1 year high of $13.57. The firm has a market capitalization of $210.04 million, a P/E ratio of -4.61, a P/E/G ratio of 0.68 and a beta of 1.33.

Townsquare Media Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th were paid a dividend of $0.198 per share. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, April 4th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.27%. Townsquare Media’s payout ratio is presently -28.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TSQ shares. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Noble Financial boosted their price objective on shares of Townsquare Media from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Finally, Guggenheim raised their target price on Townsquare Media from $12.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 20th.

Insider Buying and Selling

In related news, COO Erik Hellum sold 3,380 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.03, for a total transaction of $37,281.40. Following the completion of the transaction, the chief operating officer now owns 736,736 shares of the company’s stock, valued at $8,126,198.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Erik Hellum sold 3,380 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $11.03, for a total value of $37,281.40. Following the completion of the transaction, the chief operating officer now owns 736,736 shares of the company’s stock, valued at approximately $8,126,198.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bill Wilson sold 391,420 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $12.36, for a total value of $4,837,951.20. Following the sale, the chief executive officer now directly owns 2,139,135 shares in the company, valued at $26,439,708.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,886,934 shares of company stock worth $35,653,276. 34.90% of the stock is owned by company insiders.

About Townsquare Media

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.