Townsquare Media (TSQ) to Release Earnings on Wednesday

Townsquare Media (NYSE:TSQ) is set to announce its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Townsquare Media has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Townsquare Media (NYSE:TSQ) last released its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Townsquare Media had a negative net margin of 9.19% and a positive return on equity of 98.45%. The firm had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $98.46 million. During the same quarter last year, the business earned $0.08 EPS. 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 Down 5.7 %

NYSE TSQ opened at $10.66 on Tuesday. The business has a fifty day moving average price of $10.99 and a 200 day moving average price of $11.22. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $161.18 million, a P/E ratio of -4.16, a P/E/G ratio of 0.67 and a beta of 1.34. Townsquare Media has a one year low of $8.00 and a one year high of $13.57.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 15th were given a $0.198 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date was Monday, July 15th. Townsquare Media’s dividend payout ratio (DPR) is -31.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TSQ shares. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research report on Monday, July 15th.

Insiders Place Their Bets

In other Townsquare Media news, CAO Robert L. Worshek sold 15,980 shares of Townsquare Media stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $11.06, for a total transaction of $176,738.80. Following the transaction, the chief accounting officer now directly owns 58,097 shares of the company’s stock, valued at $642,552.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 30.50% of the stock is owned by 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.